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Oil Blockchain News

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...
 BioClean, a organic non-toxic, bacteria-based technology has been designed to degrade and restore contaminated sites from oil spills in less than 30 days. Dr. Fidelia Nnadi at the University of Central Florida School of Engineering created the Biotech specifically to destroy the availability of hydrocarbons at the molecular level,...
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...
BEIJING, Sept. 29, 2018 /PRNewswire/ -- The AI Grid Foundation has secured $20 Million in investments from dozens of global institutions including OK Blockchain Capital, Krypital Group, Starwin Capital, Fenbushi Capital, LD Capital, Horman Capital, Collinstar Capital, Interblock Capital, JRR Crypto, Fly Fund, Qingzheng Capital, Decentrust Capital, Powerlink Labs, GVC. PE, Ceyuan Digital...
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...
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...
According to the World Energy Council , in 2017 an estimated US$100-300 million was invested in more than 100 blockchain applications related to the energy sector.  Taking into account the tools that the platform provides the energy market since it’s integration, the market is expected to flourish in the...
Kellton Tech is pleased to announce the successful implementation of its Cloud based AI-enabled IoT platform, Optima, for one of its customer in the Oil and Gas industry. Kellton Tech’s proprietary IoT Edge device Envision, a remote communication modular gateway was used for this implementation. The customizable IoT platform, Optima, connects multiple...
Tranzmeo, has secured an undisclosed pre-seed round funding from Hindustan Petroleum Corporation Limited , India (HPCL) for its AI-powered product, T-connect OneView. This marks the only AI start-up in the Kerala to get PSU investment from a Fortune500. The start-up will be utilizing the funds to accelerate research and development of its advanced,...