Tag Archives: Oil

[ad_2][ad_1] Blockchain could make a big leap into the global supply chain of large oil companies. VAKT, a London-based blockchain company that tracks physically traded commodities, is attempting to make such a move by collecting primetime partners in the oil industry. Royal Dutch Shell (RDS.A) (RDS.B), Equinor (EQNR) and BP …

[ad_2][ad_1] Blockchain could make a big leap into the global supply chain of large oil companies. VAKT, a London-based blockchain company that tracks physically traded commodities, is seeking to make such a move by collecting primetime partners in the oil industry. Already Royal Dutch Shell (RDS.A) (RDS.B) Equinor (EQNR) and …

[ad_2][ad_1] London-based Vakt oil trading blockchain platform went online this week, Reuters said, with Shell and BP among the first to start using the platform. Reuters reports that Vakt will be restricted to "contracts for the five rough grades of the North Sea that are used to set up the …

[ad_2][ad_1] We found Dan Shingler's novel of November 26, "Heavy Load Heavy Loads", and a great opportunity to talk about the development of blockchain technology in Ohio. The oil and gas energy education program of Ohio is encouraging Bernie Moreno and the over 1,000 launches of the Blockland Cleveland initiative. …

[ad_2][ad_1] vakt, a blockchain-based consortium formed by leading oil and energy companies announced the launch of its post-trade management platform Press release dated November 29, 2018. The launch foresees the birth of the first enterprise-level DLT platform in the oil and energy sector. Better safety and efficiency in the oil …

[ad_2][ad_1] Shell and BP are now using a blockchain-based trading platform for crude oil, which they hope will solve commercial and regulatory inefficiencies. Shell & BP Hope Blockchain will solve inefficiencies Vakt is the first on the market of several pilot projects that have been under development, such as Bitcoinist …

[ad_2][ad_1] A blockchain-based oil trading platform dubbed the Vakt and developed by a consortium involving BP and Shell began operating this week, Reuters reports, citing the consortium. The goal is to exploit the potential of distributed ledger technology for low cost, non-intermediate but secure transactions. The news of the platform …

[ad_1] Yet again, energy experts have gotten the oil market Wrong to the barrel, Brent crude was about $ 86 a barrel, and it was a return to ultra-profitable $ 100 oil. Today, Brent closed at $ 58.68, down 31% from the peak, after the industry's worst two months in …

[ad_2][ad_1] To transform the "post-trade processing of goods" using blockchain technology, industry giants have joined together to launch the VAKT platform. The VAKT platform is the result of the efforts of the world's leading operators of raw materials, energy traders and banks. Furthermore, the heavyweights of energy exchanges such as …

[ad_2][ad_1] chirping Facebook LinkedIn CCN is expanding. Are you our next full-time West Coast USA reporter? Send us your CV and examples here. A blockchain-based trading platform is now in place that could help oil majors and commercial companies drastically reduce costs. Known as Vakt, the platform that was created …