In its early days, VAKT was noted for its early uptake and deployment of blockchain technology. Now, VAKT’s emphasis is rightly not so much about technology, but about functionality and showing its business benefits to users and prospects alike. However, it is interesting to revisit VAKT’s technology and architecture because it remains key to what VAKT does.”VAKT uses private, permissioned blockchain architecture where each customer’s data is completely segregated from other customers’ data stores,” Jatin Bhadra, VAKT’s head of Commercial Technology told me. In fact, VAKT runs a private, permissioned blockchain network (not public like Ethereum) that they manage themselves meaning that external parties cannot access the blockchain network. Each customer’s data store is completely segregated and isolated from other customers on the network and only genuine transactional data between trading counterparties is shared when trades occur. It is this decentralized architecture that helps customers’ security teams trust the platform with sensitive business data, Jatin told me. As, Nicholas Secrier, VAKT’s security head told me a year or so ago, “when VAKT got started a few years ago, not only did it resolve to utilize blockchain, but it also built everything it did around security.” In the next three months,… continue reading