Our Story
A story of innovation, commitment, and vision for the future. This company was born out of the need to democratize and decentralize the commodity industry, with a focus on sustainable development.
The idea
The commodity industry has always been an exclusive sector, reserved for a small group of actors who control the market and make decisions. This exclusion has led to a lack of transparency and limitations in commercialization methods, resulting in inequalities and vulnerabilities in producing countries and communities.
In 2015, a group of entrepreneurs decided to take action against this problem. The company they founded set out to conduct a comprehensive study of the mining, forestry, exotic fruits, hydrocarbons, and agricultural sectors over an area of over five million hectares and more than 120 commodities in Venezuela.
The goal was to understand the root of the problem and find an innovative solution that could democratize and decentralize the sector, benefiting the communities and countries of the region. The study concluded that the commodity industry faces significant challenges, especially in terms of the lack of effective and viable financing mechanisms for entrepreneurs and startups. In addition, the lack of transparency in processes and commercialization generates distrust and limits sector growth and competitiveness.
And so the idea of the Venezuela Commodity Exchange was born. The company decided to establish processes that comply with international market regulations, ensuring the traceability and origin of the products, and allowing access to quality information for market participants. Additionally, the company sought to mitigate environmental risks and contribute to the sustainable development of the sector through the use of emerging technologies such as blockchain. The Venezuela Commodity Exchange positioned itself as a reliable and transparent platform for the commercialization of raw materials in the region. Local producers found an opportunity for improvement and growth, while investors saw the exchange as an opportunity to diversify their portfolio and receive attractive returns. But they did not stop there.
They knew that there was still much to be done to democratize the commodity sector and offer innovative solutions to the challenges it faced. And so CCSCEX | CARACAS COMMODITY EXCHANGE® was born, a comprehensive ecosystem that provides innovative solutions for the industry. Such as the collective collaboration that allows investors to finance productive projects and startups, and the tokenization of assets under the governance of the EXCHANGE Token®, which improves the accessibility and liquidity of assets.
CCSCEX | CARACAS COMMODITY EXCHANGE 2023 ®©.
All rights reserved.
Last updated