Blockchain Oil Trading Platform Backed by Shell and BP Is Now Live
A blockchain platform built by a group of major firms to bring new efficiencies to energy commodities trading has gone live.
DHS has hired Mavennet to track oil imports into the U.S. by retrofitting existing tracking technology with blockchain.
Standard Chartered Bank has completed its first international letter of credit transaction on the open-industry blockchain trade platform Voltron.
Oil-giant subsidiary Saudi Aramco Energy Ventures has made a $5 million investment in Vakt, a commodities post-trade processing platform built with blockchain tech.
Russian state-owned gas giant Gazprom may soon begin using blockchain to execute and monitor contracts as part of its digitization plans.
The former CEO of Enron, Jeffrey Skilling, is reportedly looking to start a blockchain-related company just a month after being freed from prison.