PetroBLOQ Becomes Latest Member of Enterprise Ethereum Alliance

Oil and gas supply chain management platform PetroBLOQ has joined the Enterprise Ethereum Alliance.

Dec 5, 2017 at 11:00 a.m. UTC
Updated Sep 13, 2021 at 7:14 a.m. UTC

Oil and gas supply chain management platform PetroBLOQ has become the latest member of the Enterprise Ethereum Alliance (EEA) .

Being developed by Petroteq Energy in collaboration with the First Bitcoin Capital Corp, PetroBLOQ joins the business-focused blockchain consortium as part of its plan to build "transformative solutions" for the oil and gas industry, said the company CEO Alex Blyumkin in a press release.

According to Julio Faura, chairman of the board of the EEA:

"We seek to attract a variety of organizations to help create enterprise-grade standards for ethereum and to drive current and future development of the ecosystem to benefit all participants."

With members from a range of business sectors including public sector, healthcare, energy, banking and more, the Enterprise Ethereum Alliance now consists of 14 industry-focused working groups working to develop open standards and architectures around the ethereum platform.

More than 200 members have now joined the consortium, including major firms such as Accenture, BBVA bank, Deloitte and Microsoft.

Oil pipeline image via Shutterstock

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