Welcome to the new way to manage energy. Traconn delivers a new digital approach to contract management with embedded business logic that allows you to seamlessly manage your asset and trading portfolio across a suite of products – stand alone or as a coherent ecosystem.
Traconn is designed to help bring businesses together. In the past, every time someone concluded a contract, they would go back to their organization and begin the task of loading it into their systems. Their counterpart would do the exact same thing in their systems. Traconn allows companies to build accurate, secure, shared representations of contracts; reducing workload and ensuring updates can be made known to all parties instantly.
Our protocol and ecosystem are designed to store all contracts such that parties to those contracts using the platform can securely interact with them. This allows contract lifecycle events to be communicated in real time directly on the platform. As we continue to extend the protocol, parties are able to communicate a wider and wider range of instructions and updates directly through the platform. This simplifies communication and simultaneously provides a central, independent log of when and by whom instructions and communications have been made.
The energy industry is a big space, with a diverse range of organizations. Depending on the type of business you are, you’ll need to work with your contracts in different ways. Our design allows you to work with items in the ecosystem in the ways that matter to your business. We are building out an expanding suite of modules to support different parts of the energy industry based upon our common protocol.
We are building an ecosystem of smart solutions for energy traders, to provide the flexibility to embrace a changing world and evolving business needs.
Our mission is to abstract human effort from day to day tasks, to refocus on creative and strategic areas of work that allow companies to distinguish themselves and create unique value in the market.
Watch our short video to learn more about how our design puts the contracts at the heart of your business at the heart of our ecosystem.
Our approach is different – we do not rely on templates or concepts like “instrument” or “product” types. Below you will see the sorts of contractual behaviors our protocol can support. For more information or to answer more detailed questions specific to your needs, contact us.