{"id":12811,"date":"2018-09-24T06:42:22","date_gmt":"2018-09-24T04:42:22","guid":{"rendered":"https:\/\/staging.ggba.swiss\/sgs-launches-a-commodities-blockchain-platform-in-geneva\/"},"modified":"2023-07-04T13:39:46","modified_gmt":"2023-07-04T11:39:46","slug":"sgs-launches-a-commodities-blockchain-platform-in-geneva","status":"publish","type":"post","link":"https:\/\/staging.ggba.swiss\/en\/sgs-launches-a-commodities-blockchain-platform-in-geneva\/","title":{"rendered":"SGS launches a commodities blockchain platform in Geneva"},"content":{"rendered":"<h4><strong>Along with banks and trading companies, SGS launches Komgo, a new blockchain-based commodity-trading platform based in Geneva.<\/strong><\/h4>\n<p>In collaboration with partners, <a href=\"https:\/\/www.sgs.com\/\" target=\"_blank\" rel=\"noopener\">SGS<\/a>, the specialist of inspection and certification, launched a new blockchain-based platform for commodity trading in Geneva. This new company is named Komgo and will operate autonomously by the end of 2018.<\/p>\n<p>Among the co-founders of this new venture are renowned names from the banking industry such as AMRO, BNP Paribas, Citibank, Cr\u00e9dit Agricole Group, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, as well as the oil corporation Shell. Komgo will seek to make financing possibilities in trading more efficient and secure.<\/p>\n<p>\u201cThe launch of Komgo SA highlights a shared vision for industry innovation and underlines the ongoing commitment among members to build a truly open and more efficient network within commodity trading\u201d, said Soule\u00efma Baddi, Chief Executive Officer of Komgo SA in a press release.<\/p>\n<p>The platform is being in partnership with <a href=\"https:\/\/new.consensys.net\/\" target=\"_blank\" rel=\"noopener\">ConsenSys<\/a>, the largest blockchain software company of the <a href=\"https:\/\/www.ethereum.org\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> network. \u201cWe are now entering a new era of simple and inclusive access to blockchain technology to advance stronger, more collaborative, business relationships previously out of reach. We are thrilled to see leading commodity trade finance banks and commodity houses come together to create Komgo SA, which will radically simplify and accelerate trustworthiness, auditability, and accessibility to trade financing across the industry\u201d, said Joseph Lubin, co-founder of Ethereum, and founder of ConsenSys.<\/p>\n<p><strong>Geneva, a global trading and blockchain hub<\/strong><\/p>\n<p>Over the last 5 years, Switzerland has emerged as a leading hub for blockchain technologies thanks to its strong culture of privacy, data protection and decentralized institutions, as well as its progressive regulation. Geneva is home to the <a href=\"https:\/\/www.fusion.xyz\/\" target=\"_blank\" rel=\"noopener\">Fusion<\/a> accelerator, which has launched <a href=\"https:\/\/www.fusion.xyz\/blockchain\/\" target=\"_blank\" rel=\"noopener\">Blockchain Lab<\/a> to strengthen the capacity of the local blockchain community, the <a href=\"https:\/\/swissblockchainassociation.ch\/\" target=\"_blank\" rel=\"noopener\">Swiss Blockchain Association<\/a>, which aims to foster deep knowledge around blockchain technologies, and <a href=\"https:\/\/www.gbbcouncil.org\/\" target=\"_blank\" rel=\"noopener\">The Global Blockchain Business Council<\/a> (GBBC), among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Along with banks and trading companies, SGS launches Komgo, a new blockchain-based commodity-trading platform based in Geneva. In collaboration with partners, SGS, the specialist of inspection and certification, launched a new blockchain-based platform for commodity trading in Geneva. This new company is named Komgo and will operate autonomously by the end of 2018. Among the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":12812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"mc4wp_mailchimp_campaign":[]},"categories":[831],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SGS launches a commodities blockchain platform in Geneva - Greater Geneva Bern area<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SGS launches a commodities blockchain platform in Geneva - Greater Geneva Bern area\" \/>\n<meta property=\"og:description\" content=\"Along with banks and trading companies, SGS launches Komgo, a new blockchain-based commodity-trading platform based in Geneva. In collaboration with partners, SGS, the specialist of inspection and certification, launched a new blockchain-based platform for commodity trading in Geneva. This new company is named Komgo and will operate autonomously by the end of 2018. 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