The largest oil companies will launch a platform for trade with energy resources

The largest oil companies will launch a platform for trade with energy resources
The largest energy companies BP, Shell and Equinor want to use the blockchain platform for trading oil and gas.

CoinTelegraph portal clarifies that the largest investment banks ABN Amro, ING and Societe Generale, which serve the financial operations of energy giants, also take part in the development of the Vakt platform.

For the first time, the biggest market players announced their intention to use blockchain technologies in the field of energy supply in November last year. At the same time, it was announced that it would be possible to launch smart contracts on the platform without the involvement of intermediaries and costly bureaucratic procedures.

The first such projects appeared at the beginning of last year, but it never ...
Read more about "The largest oil companies will launch a platform for trade with energy resources" on coinatory.com

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