# OilChain: Digital Oil Trading Platform with KYC/AML Compliance

> A customizable, scalable digital trading platform for the oil and commodities market, featuring KYC/AML compliance, spot trading with real-time order books, secure 2FA authentication, and AI-powered matching of refineries, traders and verified suppliers.

- **Category:** FinTech/Trading
- **Scope:** Digital Commodity Trading Platform
- **Client:** Commodity Trading Firm
- **Year:** 2026
- **Duration:** 8 months
- **Page:** https://www.cognidiv.com/our-work/oilchain-commodity-trading-platform

## Overview
OilChain is a customizable and scalable digital platform engineered for a global commodity trading space, with compliance and security at its core. Users register with email or phone, verify via email/SMS OTP and secure their accounts with optional two-factor authentication. A personalized dashboard provides an overview of account activity, buyer and seller orders, and a quick summary of recent trades. The spot trading module supports market orders across Southern Asia, the Middle East, Africa, South America and Europe, backed by a real-time order book, live price charts, open-order tracking and full trade history. Tiered KYC verification — identity document plus selfie — defines deposit and withdrawal limits with resubmission on failure, while comprehensive profile and notification settings keep traders in control. An AI-driven referral and matching layer instantly connects refineries, traders and verified suppliers, and auto-drafts smart contracts and LOIs (SPA, ICPO, FCO and SCO templates) with the right incoterms, payment terms and inspection clauses. Built with Next.js, Express, Node.js and AWS, the platform is designed for ease of maintenance and future enhancements, with full source code and deployment documentation delivered.

## Key features
- Secure registration with email/SMS OTP and optional 2FA
- KYC/AML verification with tiered deposit and withdrawal limits
- Spot trading with real-time order book and price charts
- User dashboard for orders, trades and account overview
- AI matching of refineries, traders and verified suppliers
- Auto-drafted smart contracts and LOIs (SPA, ICPO, FCO, SCO)

## Challenges solved
- Implementing compliant KYC/AML verification flows
- Delivering real-time order books and price charts at scale
- Securing accounts with OTP and 2FA across email and SMS
- Designing for easy maintenance and future enhancements

## Technologies
Next.js, Express.js, Node.js, AWS, Git, EmailJS, Stripe, Figma

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Source: https://www.cognidiv.com/our-work/oilchain-commodity-trading-platform