Boston, MA and London, UK – February 02, 2018 – Adjoint, developer of a smart contracts platform and distributed ledger technology for the financial and commodities industry, announced today that it has joined LEAP, the industry organisation providing Leadership for Energy Automated Processing. Adjoint will contribute to the industry’s digitization initiatives.
In October 2017, Adjoint open-sourced its technology platform Uplink to propel development of domain-specific solutions in the financial and commodities sector. Using Adjoint’s platform, firms can control the commodities trading life-cycle, and associated financing and logistics process through automated smart contracts. Such smart contracts provide a higher level of risk management, compliance and operational efficiency.
Somil Goyal, Adjoint’s COO, said "We are pleased to join as a member of LEAP. Their master agreements are already used as industry-wide standards for trading. This is the right time for the industry to extend standardization and digitization to end-to-end life cycle, including logistics and settlements. These standards will help technical initiatives progress, and bring efficiency and more controls to the entire industry.”
Havell Rodrigues, Adjoint’s CEO added “Adjoint already is a member of ISDA and contributing to its Common Domain Model initiative. By joining LEAP, we aim to assist in developing market standards. By working collaboratively, we can design and deliver cutting edge solutions for problems throughout the trade life cycle."