World’s First Blockchain-Based Oil Trading Platform Launched

World’s First Blockchain-Based Oil Trading Platform Launched
фото показано с : btcmanager.com

2018-12-2 05:00

VAKT, a blockchain-based consortium formed by leading oil and energy sector companies announced the launch of its commodity post-trade management platform through a press release dated November 29, 2018.

The launch entails the birth of the world’s first enterprise-grade DLT platform in the oil and energy industry. Improved Security and Efficiency in Crude Oil Business BTCManager reported on November 14,. . . Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News. origin »

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Источник: btcmanager.com

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Blockchain Technology-Based Oil and Energy Platform Primed to go Live by 2018 End

A blockchain technology-based platform backed by global oil and energy giants BP, Shell, and Equinor is poised to go live by the end of the year, reports S&P Global, November 12, 2018. Aim to Modernize Physical Energy Post-trade Processes In the 21st-century trade world, the global energy and oil industry still relies a great deal on orthodox and outdated paperwork.

2018-11-15 22:00


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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.