2020-2-14 06:00 |
Oil companies are trialing blockchain to slash costs and increase security — “More than 40% of executives in oil and gas sector are considering blockchain.”
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On January 16, London-based blockchain oil trading platform VAKT announced that oil and gas giants Chevron, Total and Reliance have joined its new blockchain-powered commodity trade platform. VAKT Puts Oil onto the Blockchain VAKT’s mission is “to digitize the global commodities trading industry, creating a secure, trusted ecosystem, powered by blockchain,” according to its website.
2019-1-17 04:00 | |
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The Abu Dhabi National Oil Company (ADNOC), a leading diversified energy and petrochemicals group that claims to produce roughly 3 million barrels of oil and 10. 5 cubic feet of natural gas daily, has joined forces with IBM to enable it integrate distributed ledger technology (DLT) into its operations and reduce risks while fostering transparency and efficiency, according to a press.
2018-12-11 00:00 | |
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CoinSpeaker Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain A group of oil industry giants including Shell and BP are launching a blockchain platform to facilitate post-trade processes.
2018-11-14 16:05 | |
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Some of the biggest names in the energy sector have come together with equally large banks and financial institutions in order to launch a blockchain based energy commodity platform before the end of the year.
2018-11-13 16:00 | |
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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.
2018-11-13 15:30 | |
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Ethereum bug found, blockchain platform rolls out for oil, China’s central bank is not impressed with blockchain, and crypto gets into the film industry…again.
2018-11-14 03:42 | |
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Power Ledger’s Power Projects Set To Use Blockchain To Power The World The world is exceedingly dependent on energy to function. This is estimated to only get worse as the worlds oil reserves dwindle and the shortfall is hardly met by renewable resources.
2018-11-13 01:36 | |
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The world is becoming more aware of the uses and benefits of blockchain technology with every passing day. The oil and gas industry could also achieve increased financial and operational success using blockchain technology and artificial intelligence.
2018-10-31 17:29 | |
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The sale of tickets to the Russian largest conference on blockchain, cryptocurrencies, and token investments is open! Blockchain Conference Moscow will take place on November 20 bringing together leading local and foreign industry experts.
2018-10-31 17:47 | |
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Every industry is slowly gravitating towards the benefits of blockchain technology, testing it out to see if it meets their needs. One of the latest endeavors involves big oil, which Reuters says is interested in utilizing blockchain technology in their own way.
2018-10-27 20:56 | |
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Welcome to another Monday and with that, another Moonday Morning – where we take a look at the weekend’s top cryptocurrency and blockchain news. Here’s Hard Fork’s selection of last weekend’s top stories: 1.
2018-10-15 11:20 | |
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The Kingdom of Bahrain is an island nation of the Middle East. Home to around 1. 23 million people and a very forward thinking population. Interestingly, Bahrain has a very powerful political position as a result of its location, therefore, cryptocurrency adoption in Bahrain could turn out to have a very significant impact.
2018-10-14 23:00 | |
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Blockchain is enabling the tokenization of physical commodities such as oil (Venezuela’s petro token), real estate and gold (Ekon coin). CARAT token is making its debut this week on Taiwan-based exchange Hotbit and it enables investors to hold digital coins that are backed by real diamonds.
2018-9-27 23:00 | |
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Malaysia’s Three Largest Industries To Strategically Adopt Blockchain Technology The Malaysian Industry-Government Group for High Technology (MIGHT) has been set up by the Malaysian Government to lead moves to explore blockchain solutions in the nation’s three largest industries: palm oil, renewable energy, and Islamic finance.
2018-9-25 22:05 | |
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Commodity traders, energy majors, and large banks have set up a new venture to digitize and facilitate commodity trade through a blockchain-based open platform, Societe Generale announced in a September 19 press release.
2018-9-23 19:00 | |
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Commodity traders, including Shell and Mercuria, are collaborating with a number of international banks to create a blockchain-based trade finance platform they hope will become the standard for the commodity trading industry.
2018-9-21 00:44 | |
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As consumer desire for palm oil continues to rise, movers and shakers within the industry look towards blockchain to solve issues related to production, accountability, and sustainability. Growing demand for palm oil over the last decade has driven a lot of new eyes towards the industry.
2018-9-17 13:00 | |
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Smart Refinery Technologies Group integrates mini oil refineries in a global information network on the basis of blockchain, so that participants can get income from oil refineries located around the world.
2018-9-6 05:33 | |
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In today’s edition of The Daily we feature an interesting art exhibition which merges augmented reality technology with oil paintings inspired by Bitcoin and cryptocurrency culture. We also cover updates about the Bitmain IPO, ASX’s “blockchain” deployment and Alexander Vinnik’s extradition case.
2018-9-6 16:05 | |
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As the Venezuelan people are plunged further into fiscal despair, the Maduro government is attempting to resuscitate the broken economy by pegging the petro, an “oil backed cryptocurrency,” to the bolivar.
2018-8-30 15:49 | |
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The war of resources has been a continuing one, and any historian that attempts to divorce issues of international relations / geopolitics from the economy and resources does a disservice to their craft.
2018-8-19 18:55 | |
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Solving real world problems has always been the driver behind the ongoing blockchain revolution. But for one man, this technology became the enabler of a lifelong ambition to create what was previously thought unimaginable: a rocket and space technology that produces fuel with leftover oil residue from refineries. For anyone else, this dream would have […]
2018-8-17 18:30 | |
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The US Securities and Exchange Commission (SEC) obtained a permanent penny stock bar and an officer-and-director bar against the founder of a fraudulent initial coin offering (ICO), which actually entered the cryptocurrency market as a cover for funding an oil exploration company in California.
2018-8-16 21:43 | |
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Investing in cryptocurrencies is more like buying a commodity like silver or crude oil than buying stock in a… The post 3 Underrated Cryptocurrencies Under 50 Cents appeared first on Invest In Blockchain.
2018-8-13 06:14 | |
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Is there any truth to organizations combining AI and Blockchain or is it still a wild pipedream? With both technologies luring investors with promises of billions in annual revenues, the subject merits some research.
2018-8-8 11:00 | |
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Allan Young, Co-Founder and vice-chairman of Pavocoin AG recently toured Malaysia from, July 16 to 26, as part of… The post Malaysian Palm Oil Growers Could Benefit From Pavocoin’s Latest Technology appeared first on Invest In Blockchain.
2018-8-1 19:44 | |
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In recent mining news, indie Steam game, Abstractism, has been accused of installing malicious software on its users’ devices to mine XMR; the vice president of the Blockchain and Crypto Technology Association of Kazakhstan has advocated that the country’s administration seeks to foster the local mining industry; and the commissioners of the Franklin Public Utility […] The post Mining Round-Up: Steam Game Allegedly Cryptojacks Users, Mining Could be “New Oil” for Kazakhstan appeared first on Bitcoin News.
2018-7-31 02:45 | |
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After years of discussion and planning, enterprise blockchain is now becoming a reality across industries as diverse as insurance, healthcare, gold, oil and gas, finance and more. However, when you raise your attention to the level of industries and markets, you see an entirely different scenario. This is what we at R3 believe is the
2018-7-27 18:03 | |
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In traditional markets, policymakers began aggressively ousting anticompetitive economic behavior following the rise of John D. Rockefeller and Standard Oil at the turn of the 20th century. Some of these displays have been made highly public, while others have slipped under the radar.
2018-7-26 22:00 | |
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New York realtors looking to avoid hiccups in their commission payouts can now turn to blockchain-based smart contracts. The first real estate commission split was brokered earlier this summer in Manhattan’s ritzy SoHo neighborhood by New York-based Bapple Realty.
2018-7-13 15:39 | |
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ULedger and Fetch. ai have joined resources to tackle the problems caused by human error in today’s economy. Based in Boise, Idaho, ULedger is an international technology firm with offices in Kosovo, Italy and Austria.
2018-7-5 16:38 | |
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The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.
The European Banking Authority estimates that 15 technical standards for crypto platforms like stablecoin issuers will become official before the end of 2024.
Stripe has reportedly added support for Bitcoin and crypto purchases for its EU clients. Users can now buy crypto using Stripe-issued credit or debit cards. Stripe’s customers in the European Union can now purchase Bitcoin and other cryptocurrencies with credit or debit cards, according to a report by the Irish Independent.
Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.
Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money laundering following the European Parliament greenlight of new Anti-Money Laundering Regulations (AMLR), according to an April 24 statement.
Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.
The crypto trading platform for EU will start in "coming weeks."