GMEX Technologies Partners with Codel for a Commodity Trading Centralised Ledger

Codel creates digital fingerprints and stores them in a centralised, immutable online ledger.

Codel, a digital notary service provider, has announced a partnership with GMEX Technologies, a provider of multi-asset exchange trading and post-trade technology solutions.

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“Our service makes both structured and unstructured data immutable allowing recipients of digital information to verify and trust it as completely as if it has been physically handed to them by the originator,” said James Zorab, founder and CEO of Codel. He added: “What we provide is real-world assurance in the virtual world we all now inhabit.”

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Codel creates digital fingerprints and stores them in a centralised, immutable online ledger, which can be mirrored to multiple locations to minimise risks. Codel provides trust for both digital and physical artefacts, using digital fingerprinting and physical marking technology and published audit trails that are immutable, printed in both digital ledgers and physically published reputable journals of record.

CEO, GMEX, GMEX Group, GMEX Technologies, Hirander Misra
Hirander Misra

Hirander Misra, Chairman of GMEX Group and CEO of GMEX Technologies, said: “We are delighted to be collaborating with Codel in areas that can transform the digital security of trading commodities globally.”

He continued: “With Codel’s tracking and document control capability, it is the only technology available that links the digital to the physical asset which for commodity trading provides state of the art governance. This integrated with GMEX advanced exchange trading, clearing, settlement and electronic warehouse receipts technology ensures that the current world of  centralised systems and new world of hybrid centralised and distributed enablement can coexist as part of a unique game changing hybrid paradigm.”

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