DCX Migrates to AWS

DCX launched its 2nd generation platform in early July which involved a re-architecture and re-platforming in order to move to a mobile friendly multi commodity trading platform. Migrating away from another cloud provider, DCX in collaboration with AWS were able to leverage AWS cloud native managed services to build a modern, scalable, and robust architecture.

Working with our AWS Account Manager and AWS Solution Architect DCX built out a scalable solution leveraging a suite of Serverless Technologies to ensure we only pay when the application is in use, by adopting this approach DCX have managed to reduce our cloud consumption by a factor of 10 monthly allowing us to reinvest in the business and grow into further areas.

Graeme Kelly, DCX CTO said “During the next few months, DCX will work with AWS to build out our SaaS offering, expand into AI\ML to provide data insights to our users, DCX Data and DCX Open API across the main functional areas leveraging the power of the AWS ecosystem.”

Joshua Tan, the DCX AWS Account Manager said “The AWS cloud provides abroad range of resources and tools for organizations at any stage of the SaaS transformation. AWS helps start ups with SaaS models leverage AWS best practices and SaaS expertise on your SaaS journey to build your organizational, operational, and technical capabilities."

A simplified version of the Architecture is detailed below.

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October 21, 2022
DCX and KL Tech City team up to create DCX Asia

Digital Commodity Exchange (DCX), a global provider of platforms for agri products, and KL Tech City, a  tech venture hub based in Malaysia, will create a  vehicle to promote seamless digitalization and internal transparency in agricultural markets in Asia. 

DCX Asia will be the marketing and distribution arm of DCX in South and South-East Asia. KL Tech City has introduced several clients to DCX and after several months of talks the parties have agreed to create a JV to coordinate their efforts. 

DCX Asia will be responsible for marketing and brand building in the region and attracting clients to the DCX Global Marketplace. In addition, it will promote opportunities for DCX to license its second generation platforms, as private environments for large corporate clients, as well as for regional and local marketplaces, and verticals which DCX does not cover. 

Stephen Edkins, Co-Founder and CEO of DCX said “Having worked with Suraj and his team for the last two years we are convinced that they are the right partner for us in South and South-East Asia. Our new  platform is multi-commodity, multi-tier and modular. The underlying technology is agile meaning that  we can now create a private environment in a matter of hours.  It is important to have local connections and commercial insight on how to position DCX  in this region where we expect to sign up new clients.”  

Suraj Arora, Co-Founder and Managing Director of KL Tech City said “We are looking forward to building  internal transparency in agri commodities with this  joint venture.  We believe that blockchain technology is a step towards addressing current food security concerns. South Asia is a big consumer of agri products and a large producer of the same thus creating the potential for a  dynamic trading platform.”

About DCX

DCX is a global provider of platforms for agri commodities and related products. The DCX Global Marketplace allows users to connect and transact rice, fertilizer, grains and pulses. Since its launch in 2020 DCX has attracted over 200 clients from more than 40 countries. The DCX 2.0 platform allows users to license the platform for private use promoting seamless digitalization and trusted reporting within their groups including external clients and service providers. The second generation platform allows for the creation of regional and local marketplaces with smaller participants and local payments providers. 

About KL Tech City 

KL Tech City is a cross-regional tech venture hub that positions Malaysia at the center of the vibrant start-up marketplaces of South and South-East Asia, bridging Asia, the Middle East and Africa with a focus on artificial intelligence, blockchain, fintech, creative industries and cleantech - the big technology trends of this  generation and the next.

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August 25, 2022
DCX and Control Union Announce Service Partnership

Digital Commodity Group (DCX) and leading testing, inspection and certification company Control Union have agreed a service partnership. Control Union is now available to provide inspection services for trades agreed on DCX digital platforms for rice and fertilizer.

DCX was established in Singapore in 2020 to solve the challenges facing global commodity trading, including complex and inefficient exchanges which lack reliability and transparency. DCX is reducing the frictions that trouble commodity transactions. In 2020 it launched Rice Exchange, the world’s first digital global rice trading platform, deploying blockchain technology to realize efficiency with a high degree of reliability and transparency. Fertilizer Exchange started operations in 2021 and platforms for pulses and grains are under development.

“We are delighted to have agreed this partnership with Control Union,” says Stephen Edkins, CEO of DCX. “It will give DCX users greater choice when selecting an inspection company particularly in the organic and sustainable rice segments. We believe that integrating the top service providers onto our platforms is a key part of our success at DCX.”  

Stephan Moreels, Managing Director at Control Union, Thailand comments: “After nearly four years of close collaboration, I am very proud and excited to see Control Union strengthening this partnership and joining the DCX platforms, starting with rice and fertilizer.  I am personally convinced that the commodities trade will evolve in a way that such platforms will become the central point for business partners to work together. Not only do they increase credibility and transparency, but they offer opportunities to meet new stakeholders and engage in a more direct and efficient way, while mitigating risks and potential disputes as information and data cannot no longer be altered. Now that our onboarding is complete, we look forward to supporting our existing clients and offering our quality services to new partners around the world.”  

About DCX

DCX is the group holding company for a range of commodity trading platforms. It provides integrated and secure blockchain online ecosystems to trade and deliver physical commodities globally.

 

About Control Union

Control Union is an independent certification and inspection body, supporting businesses to define, measure, certify and achieve their sustainability goals. With expertise in certification, auditing, training and testing, Control Union can provide ‘off the shelf’ services and tailored sustainability solutions to the food, manufacturing, textiles, consumer products and forestry sectors. A local perspective combined with global experience and networks allows Control Union to provide a unique approach to working with brands, retailers, manufacturers and producers.

For more information please contact: rue.swabey@dcx.group or smoreels@controlunion.com

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February 10, 2022