Invest In Portugal Case Study: Blockchain-Based platform VAKT opens a development centre in Portugal to employ 60 technology professionals

Agência para o Investimento e Comércio Externo de Portugal



Invest In Portugal Case Study: Blockchain-Based platform VAKT opens a development centre in Portugal to employ 60 technology professionals 



VAKT, a commodities post-trading processing platform underpinned by Blockchain technology, announced recently that is opening a development centre in Lisbon, with the objective of hiring 60 technology professionals by year end.

VAKT is transitioning from working with a development partner to take all development activities in house. As part of this transition, VAKT has decided to nearshore part of its development capabilities in Lisbon. The decision came after analysing a set of criteria such as sourcing and attractiveness of good talent, education environment, innovation and entrepreneurial mindset.


The plan is to build a development center, which is expected to be fully operational by the end of Q3 2019, when it should be resourced by between 50 to 60 people. The office will have multidisciplinary teams composed of different roles such as project managers, business analysts, application developers, infrastructure and a support team.    


VAKT is a young, growing and entrepreneurial organization, who wants to employ people that would love to work in this environment.

About VAKT 

VAKT is building a post trade commodities platform underpinned by Blockchain technology that will improve efficiency, drive industry standardisation and ultimately cause disruption in the commodities markets. VAKT is uniquely placed super start up, backed and well-funded by a consortium of Oil Majors, Trading Houses and banks.  VAKT is a technology company working in a smart agile fashion to deliver software quickly and effectively, focusing on modern engineering methods to simplify the development process.


VAKT went live with its first market, BFOET, in Nov 18 with nine initial investors; Three new investors were added in December 2018 and new pioneer users are due to be onboarded in Q1 2019. As VAKT reaches into new markets there is a pressing requirement to grow its pool of resources quickly but with the right people.

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