Dutch financial services giant ING and French banking group Société Générale are planning a follow-up to a recent trial that saw the firms examine how blockchain could create efficiencies in the oil trading supply chain.
ING told the news source that it is talking to companies active in the LNG market, though it did not provide details on the expected date of any tests, or about the technology to be used.
The news comes amid increasing interest in applications of blockchain tech in supply chains, with companies including BHP Billiton, Foxconn, Microsoft and IBM recently revealing initiatives.
Oil and natural gas platform image via Shutterstock
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