BP Tech Chief: Blockchain Could Give Company ‘Competitive Advantage’
British gas and energy giant BP is pushing ahead with plans to test blockchain applications in the energy trading market.
BP
Oil giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry.
British Petroleum would consider partnering with startups that conduct initial coin offerings.
A blockchain platform built by a group of major firms to bring new efficiencies to energy commodities trading has gone live.
Wien Energie intends to pilot blockchain products in a sustainably designed Viennese urban district this year.
Several major energy firms, including BP and Shell, are partnering on a new blockchain-based trading platform.
