Consortium around the biggest oil industry players such as BP and Shell, joined forces to implement blockchain based solutions for the energy industry. The platform which will be deployed next year, will deal with: contracts, logistics, and accounting. Apart from BP and Shell, the consortium includes Gunvor, ABN AMRO, Koch, ING, Mercuria, and Societe Generale. The aim is to reduce paper-based work in the industry.
Oil industry to implement blockchain-based solutions for internal operations
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