Coinatory

Chevron, one of the leading US energy corporations, has joined the Vakt blockchain platform for trading oil and oil products. This was January 16 reported Reuters. In addition to Chevron, Total, the largest oil and gas company in France, and Reliance Industries, the Indian oil conglomerate, became participants in the platform. Vakt, built on the basis of blockchain technology of JPMorgan Quorum, aims to occupy a niche of a single digital platform for the oil industry throughout the world. Cooperation with Vakt is expected to increase the speed and security of the logistics processes of the participating companies. Recall that the blockchain platform Vakt appeared last fall as a result of the cooperation of the world"s leading ... Read more about " Oil giants Total and Chevron join Vakt blockchain platform " on coinatory.com

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