[ad_1] Zion Oil & Gas (ZN): Zion Oil & Gas (ZN) inventories fell -7.13% in contrast to the 20-day moving average, showing a short-term downward movement in stocks. It moved -47.02% below the simple 50-day moving average. This is showing a pessimistic medium-term trend based on SMA 50. The price …
Read More »Move Over Bakkt: ING Eyes Vakt, Ethereum, Blockchain and Big Oil to revolutionize the trade and finance of raw materials
[ad_1] The Dutch banking group ING is preparing for one year other blockchain-based initiatives in 2019 to expand commodity trading and finance programs in various sectors, including energy, crude oil, soybeans, metals and mines. ING, which since 2017 has been experimenting with digital ledger technology on its Easy Trading Connect …
Read More »Oil Giants Go Live on Blockchain and Payments See Progress, Waves, Pay, 0x
[ad_2][ad_1] The Vakt trading platform brings the oil majors to the blockchain. WAVES, TenX and 0X show their progress in payment solutions. Another recent example of a blockchain adopted in the global financial system was the news that the oil trading platform, Vakt, was now live. Developed by a consortium …
Read More »Blockchain and Oil Industry: IBM works with ABNOC
[ad_1] The credit rating system is not new. For years we have been told to look at how we spend, to spend only what we have and to monitor the use of our credit card. We know that debt, whether it be school loans, car loans or medical debt, can …
Read More »Venezuela Petro Cryptocurrency to be used for oil purchases
[ad_2][ad_1] Venezuela The Petro cryptocurrency has gained considerable traction not only in the country but also throughout the world. The country is optimistic that the digital currency will solve inflation. President Maduro announced yesterday that the country will stop using the US dollar and will start using the Petro token …
Read More »Abu Dubai National Oil Company will use Blockchain for oil monitoring
[ad_2][ad_1] / Ultima / 2018/12 / abu-dubai-national-oil-company-to-use-blockchain-for-oil-tracking / The Abu National Oil Company (ADNOC) said it had successfully collaborated with IBM on a pilot project for a blockchain-based oil and gas location system, according to the company's press release. The project was announced at the World Energy Capital Assembly in …
Read More »The Abu Dhabi national oil company collaborates with IBM on the pilot blockchain through its value chain
[ad_2][ad_1] Abu Dhabi National Oil Company (ADNOC) has partnered with IBM to lead blockchain-based transaction management for its commodities, from oil wells to its end customers. The automated system based on the blockchain will include the management of oil and gas production for the entire value chain of ADNOC, including …
Read More »IBM works with Abu Dhabi National Oil Company for the Blockchain Supply Chain System
[ad_2][ad_1] The Abu Dhabi National Oil Company (ADNOC) has collaborated successfully with IBM to pilot a blockchain supply chain system, according to an ADNOC press release published on December 9th. The note notes that ADNOC – a state-owned oil company in the United Arab Emirates (UAE) – is among the …
Read More »ADNOC, IBM successfully pilots Blockchain Application for Oil and Gas Production
[ad_2][ad_1] The Abu Dhabi National Oil Company, ADNOC, has announced its successful collaboration with IBM, piloting an automated system based on Blockchain to integrate oil and gas production across the entire value chain. Blockchain-based the secure platform allows you to trace irrefutably, each molecule of oil and its value, from …
Read More »Venezuela sells oil for Petro Criptovaluta in 2019, says Maduro
[ad_2][ad_1] Venezuelan President Maduro said the nation will circumvent the US dollar and the phase in use of its controversial petro token for oil sales starting next year. According to a relationship From Thursday's TeleSUR state media network, Venezuelan President Maduro said the move aims to minimize the dominance of …
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