Rise-x.io is software-as-a-service (SaaS) deep-tech company offering a cleaner alternative to carbon-heavy industries globally with the world’s first blockchain-based Ecosystem Operating Platform (EOP). By automating workflows in real time, it can generate new business models in minutes.
The QuayChain rise-x platform was initially launched in Singapore in 2019, creating the world’s first marine LNG bunker fuel exchange on a distributed blockchain ledger. This successful trial led the way to other innovations that resulted in RISE-x being among CIO Outlook’s top 10 blockchain start-ups in 2020.
In June 2021, rise-x partnered with Mercuria Energy Group to amalgamate QuayChain and ADP using the EOP. A month later it continued alongside Woodside’s logistics team to build upon the marine fuel bunkering platform and successfully implemented SmartFlow, a multi-party workflow management platform designed to digitalize the order-to-pay process for marine fuel using blockchain smart contracts. It is among the first ‘live’ implementations of blockchain technology within the energy sector in the State of Washington.
SmartFlow leverages blockchain, AI and machine learning technologies to facilitate end-to-end supply chain management through a single, secure digital environment distributed to all parties that participate in the marine fuel process.
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