Chevron, ExxonMobil Headline a 7 Company Initiative to Create an Oil & Gas Blockchain Consortium

2019-3-2 02:46

Chevron, ExxonMobil And Five Other Companies Form a New Gas And Oil Blockchain Consortium ExxonMobil, Chevron and five other companies from the oil and gas industry have recently decided to form a consortium in order to create a blockchain together, as affirmed via a press release. This new initiative will be called Oil & Gas […]

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gas oil blockchain consortium chevron exxonmobil form

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Major Oil and Gas Companies Join New Blockchain Oil Trading Platform VAKT

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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Abu Dhabi National Oil Firm Adopts IBM’s Blockchain Solution

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


New US Economic Sanctions Leads To Multiple Iran Crypto Exchanges Leaving The Islamic Republic

New Economic Sanctions in US Leads To Withdrawal of Multiple Crypto Exchanges From Iran In an announcement from the US government, new economic sanctions have been established that will prevent the majority of the world from using many of Iran’s major resources, including their oil, shipping, and gas market. Their financial system is included in […]

2018-11-8 01:18


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Is the new normal

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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