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VAKT CEO, Etienne Amic discusses the reason why his blockchain project did not need a pilot and customers using the blockchain platform at the Blockchain Innovation Conference in Amsterdam. With clients like Shell, BP, Total among others saying that they are trading on the platform and confirming trade at...
In a recent interview Jim Sledzik, Managing Director of the North American arm of Saudi Aramco Energy Ventures, Saudi Aramco’s venture capital subsidiary, says his mission is to ensure that the company is at the forefront of the of one of the biggest transformations of the energy industry to...
Stallionaire tank farm resumes operations  VanguardSTALLIONIARE Nigeria Restricted, whose tank farm was gutted by fireplace in January, 2018, has resumed enterprise in Lagos. Source link
Oil majors and trading firms can start finalising crude oil deals on a live blockchain-based platform for the first time, in a move that could revolutionise the market. Commodities trading firms have piloted similar schemes in recent years as blockchain technology has the potential to drastically cut costs in an...
Ziyen Inc., a Scottish American Oil and Intelligence Company, has launched a new international Oil and Gas Blockchain and Cryptocurrency News Website. OilBlockchain.News has been developed by the Scottish Software Division of Ziyen Inc., to become the leading international portal on how blockchain technology such as cryptocurrency, smart contracts and distributed...
ABB a pioneer technology leader in digital industries claims that  their inverters can help to efficiently manage energy in smart-grid environments, by utilizing smart contracts and blockchain technology to store verify and maintain peer-to-peer transactions on a public distributed ledger. Joined with Evolvere an Italian based electricity, installation and...
At the St. Petersburg International Economic Forum (SPIEF), Igor Sechin, head of Russian oil company, Rosneft, discusses the idea of using cryptocurrency to pay for oil in the future.    Briefing over the world influencers like Google, Apple, Amazon and Facebook taking interest in the oil and gas industry he...
US looks to build 'international consensus' around tanker attacks it blamed on Iran  ABC InformationGulf of Oman tanker attacks: What could be Iran's motive?  BBC InformationOil tanker attacks: Donald Trump blames Iran. Here's what we know  USA TODAYPresident Trump Blames Iran for Attacks on Oil Tanker and Calls for Talks  TIME'Sporadic' attacks...
In an interview with bitcoin magazine, Steve Barbour, founder of Canadian company Upstream Data, says “Bitcoin’s a great arbitrage mechanism for these companies. Anywhere you go, oil and gas producers are having issues.” Upstream Data, helps transform companies idle gas, natural gas and uses it to mine bitcoin.  In...
Report published by Infinium Global Research on Blockchain in energy markets shows that the global blockchain in the energy market is projected to grow at a CAGR of 79.2% over the forecasted period of 2018-2024.   The report also highlights some of the main points in the advantages of the...