Vakt received a major investment. Discuss the project
Investments in the crypto industry are gaining mass momentum. Today, every serious company seeks to invest money in at least one of the enterprises built on the Blockchain. Large entrepreneurs see in the crypto industry immense opportunities for their own development. And today, the richest oil company Saudi Aramco has invested as much as $5 million in the Vakt cryptocurrency project. Obviously, such an impressive investment confirms Vakt’s serious intentions and suggests that their company is interesting not only for ordinary users, but also for large companies. In this article, we will discuss Vakt. We will tell you about the advantages and solutions that are promoted by this platform. By the end of the article, you, like Saudi Aramco representatives, will make sure that Vakt is a great project. Without further ado, let’s begin.
What exactly does Vakt offer?
Behind the startup are well-known oil companies, including Saudi Aramco. The enterprises combined their colossal budgets to jointly develop an innovative solution on the Blockchain. Initially, only representatives of these same companies could use the functionality. But today Vakt is an open project that can be used by comers from all over the world.
The main idea that the project is promoting is to create a unique commodity trading system. Thanks to unique technical solutions, such as careful examination of all documents, such transactions will become faster and safer. With Vakt, several companies can make multi-million dollar deals on profitable terms.
Who will benefit from company solutions?
Obviously, the program for business is useful primarily for businessmen. The average user of the crypto industry Vakt may be of interest only from a theoretical point of view. In any case, no one bothers you to go to the official website of the company and download their solution for enterprises. A business person will certainly appreciate the speed, reliability and overall functionality of the platform for business. Vakt’s strengths are so great that not only Saudi Aramco, but also other well-known companies, including BP, Equinor, Shell and Reliance Industries, are actively investing in the company.
The project only today raised $5 million with the proviso that Saudi Aramco will receive some privileges in the operation of the system. Representatives of the company have already stated that Vakt is actively moving towards the conquest of the international trade market.
In 2018 alone, Saudi Aramco made a very decent profit – 111 billion dollars. Net revenue of the commodity giant for the same year amounted to $356 billion. And in 2019, the company was able to attract investments of as much as $25.6 billion. Huge amounts helped the oil company significantly improve its own market position. According to professional estimates, the current value of a major investor exceeds $1.7 trillion. So it is not surprising that Saudi Aramco is finding finance to invest in projects like Vakt.