- Hunter Technology (HOC) has increased its blockchain engagement by partnering with RootAnt, a financial technology firm based in Singapore
- The companies will integrate solutions on a blockchain infrastructure level to offer innovative financing options
- Hunter intends to use blockchain-based smart contracts on OilEX, its physical oil marketplace, to improve transaction efficiency and legal enforceability
- RootAnt is a leader in digital transaction banking and supply chain finance
- Hunter Technology develops blockchain-powered software platforms that digitize and streamline physical oil trading
- Hunter Technology (HOC) is down by 2.70 per cent and is currently trading at $0.72 per share
Hunter Technology (HOC) has increased its blockchain engagement by partnering with RootAnt, a financial technology firm based in Singapore.
The companies will integrate solutions on a blockchain infrastructure level to match verified transactions between trusted partners with access to various financing options.
Specifically, Hunter intends to use blockchain-based smart contracts on OilEX, its physical oil marketplace, to improve transaction efficiency and legal enforceability and introduce sustainability-linked supply chain finance.
RootAnt’s supply chain finance platform, Banco, connects buyers and sellers with traditional and new finance providers on the r3 Corda and Hyperledger Fabric blockchain protocols.
Hunter believes the partnership will enable a timely form of financing that supports the operational expenditure and investment needs of hydrocarbon producers and purchasers.
RootAnt is a leader in digital transaction banking and supply chain finance with partners including Industrial and Commercial Bank of China, Tencent and SAP. The firm is backed by financial institutions such as SoftBank, Singapore Exchange and Asia Development Bank.
Hunter Technology develops blockchain-powered software platforms that digitize and streamline physical oil trading.
Hunter Technology (HOC) is down by 2.70 per cent and is currently trading at $0.72 per share as of 9:30 am ET.
