Case Study: komgo achieves digitized, secure global commodity trade finance and faster financing with Kaleido

Catalyzing the Global Trade and Commodities Finance Network with Blockchain

komgo, a blockchain-based open network backed by 15 major banks and commodity firms, set out to modernize an industry hampered by antiquated paper workflows, fraud risk, slow payments and fragmented cross‑border processes. To accelerate development and reduce implementation cost and complexity, komgo partnered with ConsenSys and Kaleido, leveraging Kaleido’s full‑stack blockchain‑as‑a‑service (Blockchain Business Cloud) to provide the enterprise infrastructure and managed platform capabilities needed for a permissioned Enterprise Ethereum solution.

Kaleido supplied the managed blockchain infrastructure, governance tools and integrations that helped komgo launch a live production network in December 2018 and issue the industry’s first on‑chain letter of credit on 21 December 2018. The Kaleido‑backed deployment digitized letters of credit and KYC, improved privacy, interoperability (including connection to VAKT) and fraud protection, and is estimated to deliver potential cash‑flow gains of 30–40% across the production chain and industry cost‑base reductions of 20–50% as adoption grows.

komgo

Souleïma Baddi

Chief Executive Officer