Big Oil Plans Blockchain-Based Trading Platform

A consortium involving Shell, BP, and Statoil is working on
the development of a blockchain-based energy commodity trading
platform, along with three large commodity traders—Gunvor, Koch
Supply & Trading, and Mercuria, Reuters reports, citing the
consortium. The platform, which has financial backing from Dutch
ABN Amro, ING, and French Societe Generale, should launch by the
end of next year. In January this year, Mercuria, in partnership
with ING and Societe Generale, announced it was preparing the first
oil trade using blockchain technology.…

A consortium involving Shell, BP, and Statoil is working on
the development of a blockchain-based energy commodity trading
platform, along with three large commodity traders—Gunvor, Koch
Supply & Trading, and Mercuria, Reuters reports, citing the
consortium. The platform, which has financial backing from Dutch
ABN Amro, ING, and French Societe Generale, should launch by the
end of next year. In January this year, Mercuria, in partnership
with ING and Societe Generale, announced it was preparing the first
oil trade using blockchain technology.…