OKLO upgrades Ceylon Tea e-auction

CTTA Agreement signing (from left): Sanjaya Herath, Anil Perera, Anil Alwis, Jayantha Karunaratne, Thilanka Withanage, Ishara Gunarathna, and Dushan Kahandagamage

Colombo Tea Traders Association (CTTA) has upgraded its online platform to a more integrated state-of-the-art e-auction platform, spearheaded by OKLO, a leading Sri Lankan technology partner. 

OKLO embarked on an R&D project in 2019 to develop a robust and technologically advanced commodity e-auction platform that would help any industry transform manual outcry auctions into sophisticated online e-Auctions – thereby bringing efficiency and convenience to its stakeholders. OKLO can now customise this core platform to any industry-specific requirements and go live within a short period of time.

Over 70 local and international vendors bid for CTTA’s tender for an integrated, robust, and cutting-edge e-Auction upgrade. Following intense scrutiny over a 10-month screening process, OKLO was finally awarded the tender.

OKLO Managing Director Thilanka Withanage said: “I believe OKLO SmartAuction’s success was due to the proven and robust algorithms and technologies powering the auction platform in a sophisticated way, together with the fantastic team at OKLO working towards a common goal. With the COVID-19 pandemic, pressuring, and with no face-to-face meetings, our mission was to launch the first two phases of e-Auction within a short, three month-period but without doing away with the advanced and mandatory features and functions of an enterprise-level national e-auction platform.”

“The OKLO team rose to take on this national challenge, achieved the go-live date target as originally planned without any changes or postponements, and unveiled the solution to the CTTA.”