Intertek Caleb Brett partners with UK-based blockchain platform VAKT to deliver digitised Assurance solutions
April 09, 2020
London, United Kingdom: Intertek Caleb Brett, a leading Total Quality Assurance provider to industries worldwide and experts in qualitative and quantitative analytical assessment services to the oil and gas, chemical, and other commodities markets, announces that it has joined VAKT, an innovative post trade management platform. VAKT’s vision is to digitise the global commodities trading industry, creating a secure, trusted ecosystem, powered by blockchain technology.
As an ecosystem participant, Intertek Caleb Brett will provide Quantity and Quality (Q&Q) services to consortium members, leveraging its vast experience in helping companies around the world ensure the quality and safety of their products, processes and systems. Intertek Caleb Brett’s operational system will be electronically integrated with the VAKT platform, providing such services as identifying double entries, turnaround time, and de-risk quality issues related to transposition of data.
Etienne Amic, CEO of VAKT said: “VAKT is delighted to welcome Intertek on the VAKT ecosystem. Our Platform is built to allow traders to send inspection nominations to surveyors and for the latter to contribute their results and invoice their clients seamlessly. VAKT is looking forward to significantly enriching the functionalities of the Platform along this axis, with all the good things that clients have come to expect from us: well-designed APIs; privacy of bilateral contracts powered by blockchain; and routing of the data to the relevant parties according to market practices with a view to streamlining operations for all.”
Timo Lieber, VP Group ATIC Innovation of Intertek said: “Intertek has been the pioneer of our industry across the world for 130 years. We have a proven track record of innovating and anticipating the growing needs of our clients, constantly evolving and improving our customer proposition to meet their changing needs. Joining VAKT’s world leading post trade management platform will enable Intertek customers to receive inspection results seamlessly. We look forward to becoming a partner and providing our industry-leading Total Quality Assurance solutions within this streamlined ecosystem.”
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Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices and over 46,000 people in more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains. Intertek Total Quality Assurance expertise, delivered consistently with precision, pace and passion, enabling our customers to power ahead safely.