Octopus Trading Solutions GmbH, Switzerland
The project targets development of a peer-to-peer OTC trading platform for physical LNG (Liquefied Natural Gas). By leveraging new capabilities brought to the market by blockchain-based smart contracts the platform offers real-time trade execution, together with post-trading support throughout the trade lifecycle in an expeditious and cos t-efficient way. octoLNG introduces new dimension of credit risk management in the LNG markets and advanced legal environment through partnering with leading international financial institutions and law firms. octoLNG platform will be designed to respond to global energy market signals, should encourage higher liquidity in physical LNG market and establish new industry standard. The project shall be developed independently through stages of inception, concept development, product development, pre-marketing, marketing and commercial launch. At a later stage cooperation and/or strategic partnership with a leading international energy and commodity exchange is also considered.