Singapore - Helixtap Technologies, a digital platform supplier for commodities focusing on the physical natural rubber (NR) industry, has launched the beta version of its digital tool to offer ‘secure access point’ for all market players.
Helixtap Ecosystem, said the company in a 2 Nov statement, enables lower transaction costs and improved access to pre-trade, trade and post-trade markets for all rubber market participants.
The platform matches “the appropriate participant to the appropriate opportunity” through providing “the right information, processes and tools.”
The tool is claimed to improve speed, accuracy, convenience, and accountability in transaction and drive transparency for the entire supply chain.
The ‘end-to-end’ digitised platform covers the entire supply chain, including smallholders, producers, processors, through to brokers, commodities traders and trade financiers.
Helixtap expects its technology to bring “democratisation” in the natural rubber industry, which it says “has been more opaque than other traded commodities.”
The digital tool offers real time data, immediate transactions, live tracking, and support for global market expansion to all players, ‘regardless of their size’.
For micro and small businesses, such as NR producing smallholders, the platform claims to offer “transparent market pricing and access to better market outcomes.”
In addition, smallholders can access smart logistics and supporting services such as automated contracts, financing, marketing and talent training, according to Helixtap.
For traders and brokers, joining the cloud-based ecosystem can enable instant pricing, more timely trade execution and real-time information exchange.
Consumers can also diversify supply through the digital platform.
Based in Singapore, Helixtap Technologies was founded by CEO Farah Miller in 2018.