Monitoring commodities through technology

2022 Macquarie Technology Summit related insight

15 July 2022

Since it was founded 17 years ago in Sydney, Veridapt has been using its hardware and software technology to capture and display real-time data to measure and monitor commodity inventories. Veridapt CEO David Thambiratnam and Chief Technology Officer and Co-Founder Sean Birrell talk about the use of real-time technology-based solutions by the commodities sector.


David Thambiratnam, CEO, Veridapt

Sean Birrell, Chief Technology Officer and Co-Founder, Veridapt

Darren Muller, Executive Director, Commodities and Global Markets

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Using technology to monitor key commodities

In this episode, we explore the ever-growing intersection between technology and commodities and how the rise of the Internet of Things (IoT) has opened up new ways for commodity-aligned businesses to increase transparency, improve efficiencies, and better serve their customers, by making greater use of real-time data and analytics.

Our host, Laura Bramwell from Macquarie’s Corporate Affairs team, is joined by David Thambiratnam, CEO, and Sean Birrell, Co-Founder and CTO, of Veridapt. A global industrial IoT and fintech business, Veridapt develops hardware and software solutions that bridge the physical and the digital to help its clients efficiently measure and monitor commodity inventories, mitigate operational risk and achieve decarbonisation ambitions.

Macquarie Group holds an equity interest in Veridapt. Veridapt recently joined us at the 2022 Macquarie Technology Summit - this conversation builds on that discussion.

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2022 Macquarie Technology Summit

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The Macquarie Technology Summit once again brought together global leaders driving technological change across multiple aspects of business and community.