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Repsol Corporate Venturing an open innovation strategy geared to complementing Repsol’s internal capabilities of R&D, has acquired 8% in Finboot. The startup specializes in Smart Contracts in the oil and gas, chemical, merchandise and automotive sectors and uses blockchain technology to certify petrochemical products that boost efficiency in the...
Houston based, Data Gumbo a leader in providing the oil and gas industry with Blockchain-as-a-Service (BaaS) for the streamlined process of Smart Contracts management specialized in industrial customers, has announced the hiring of Sergio A.Tuburquia as their new Chief Commercial Officer. The introduction comes after a $6 million Series...
The “Digitization and Automation in the Gas and Oil Industries” conference was held by the Israel Innovation authority for the second year.  The union calls for oil and gas as well as tech companies that are looking to research and develop automation and digitization, analytics, AI & machine learning,...
Jerry Cuomo, Vice President of blockchain technology at IBM expressed exemplifies the integration of blockchain-based technology in the oil and gas industry for customer Vertrax. The problems that many consortiums is that in their maturing stages some of the biggest hurdles that have come about is standardizing where to...
Janet White, UK & Ireland’s oil and gas industry leader at IBM discussed the next wave of technologies that will influence the oil and gas industry beyond digitization. White says, “the upstream oil and gas sector is experiencing a time of unique change, with the need to increase production...
Since the topic of blockchain-based technology and digital currencies has become relevant to banks, financial institutions, governments and trading houses yet the need to identify what digital currency is and is not seems to trouble those who are not entirely sure what it means.   Russian thought leaders, executives and...
SAN DIEGO, June 11, 2019 -- Ziyen Inc., an oil and energy company, announced that it will become the first company to list oil assets on the Ethereum Blockchain. CEO Alastair Caithness stated, “This is historic, monumental and revolutionary. I could not be more proud of our team. We are now...
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...
Of all the mega trends that are impacting the oil and gas industry, the wave of digital innovation sweeping across the landscape is the most challenging to address because of its unpredictability. Anything That Can Be Digitized Will Be Digitized The oil and gas industry is being reshaped by changes in...
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...