BTCManager Logo with clear background. Orange and white font.

BITCOIN PRICE: 5,474.99     HIGH: 5,610.00     LOW: 5,199.80

=
BTCManager.com
advertisement
Next Event

Decentralized • November 14-16, 2018

After the huge success of Decentralized 2017, the University of Nicosia is proud to announce that Decentralized 2018 will take…

Click for more details
advertisement

Tag: oil

Blockchain Technology-Based Oil and Energy Platform Primed to go Live by 2018 End

Category: Blockchain, Business, Finance, Mining, News, Platform, Tech

Blockchain Technology-Based Oil and Energy Platform Primed to go Live by 2018 End

A blockchain technology-based platform backed by global oil and energy giants BP, Shell, and Equinor is poised to go live by the end of the year, reports S&P Global, November 12, 2018. Aim to Modernize Physical Energy Post-trade Processes In the 21st-century trade world, the global energy and oil industry still relies a great deal on orthodox and outdated paperwork….

READ MORE

India Squashes Petro Rumors, Will Not Accept the Digital Currency For Oil Imports

Category: Altcoins, Business, Finance, News

India Squashes Petro Rumors, Will Not Accept the Digital Currency For Oil Imports

Despite the criticisms that the controversial Petro cryptocurrency has faced both locally and internationally since its launch in February 2018, the coin’s backers have unsuccessfully tried their best to gain relevance and seek a robust use-case. However, most countries have thwarted the idea of using a cryptocurrency for official deals. India Shuns the Petro Amongst them is India, a long-time…

READ MORE

Venezuela Offers India 30 Percent Discount on Crude Oil if it Uses the Petro

Category: Altcoins, Finance, News

Venezuela Offers India 30 Percent Discount on Crude Oil if it Uses the Petro

India can gain a 30 percent discount on crude oil purchases from Venezuela only if the payments are made using the state-endorsed digital currency, the Petro, which is backed by the country’s oil and mineral reserves. Coinsecure Thinking of Listing the Petro The Petro is a cryptocurrency which was developed by the government of Venezuela and was launched sometime in…

READ MORE

$2.7 Billion (per day) Oil Business Set to Kick Paper Out for Blockchain

Category: Blockchain, Business, News, Tech

$2.7 Billion (per day) Oil Business Set to Kick Paper Out for Blockchain

In an industry notorious for its paperwork, the maritime transporters of half of the world’s crude oil supply are looking to the blockchain to revamp the shipping industry’s backend. Although utilizing a decentralized ledger would be a giant leap forward, it could result in significant job losses. Several dozen tankers set sail from global ports daily, generating transactions worth $2.7…

READ MORE

A Venezuelan Leap Into Cryptocurrency?

Category: Finance, News, Tech

A Venezuelan Leap Into Cryptocurrency?

Venezuela is a nation in crisis. The economy has been hit by a decline in oil reserves and the value of the bolivar; its prevailing currency has plummeted. Named after Simón Bolívar, the 19th-century hero known across South America for leading the independence movement from Spain, the bolivar in recent years has been rendered practically worthless. Now amid a cash…

READ MORE

advertisement

Oil Giant BP to Test Blockchain Technology With BTL Group

Category: Blockchain, Business, News

Oil Giant BP to Test Blockchain Technology With BTL Group

Oil giant BP, the world’s eighth-largest energy company by revenue ($222.8 billion), has officially begun collaborating with Canadian blockchain startup BTL Group. After a few months of successful testing, BP, Italian oil and gas company Eni, and major German energy company Wien Energie all plan to enter a six-month production phase with BTL’s Interbit platform built on top of the…

READ MORE

IBM Partners with Natixis and Trafigura, Introduce First Blockchain Solution for U.S. Crude Oil Market

Category: Blockchain, Business, News

IBM Partners with Natixis and Trafigura, Introduce First Blockchain Solution for U.S. Crude Oil Market

IBM announced a partnership with Natixis and Trafigura to introduce the first blockchain development for commodity trade finance for US crude oil transactions. The March 28 announcement marks the beginning of the institutional use of the blockchain technology. The trading industry is today mostly driven by manual, non-digital processes, so this initiative comes as part of a plan to start…

READ MORE

ING and Société Générale Conduct First Live Oil Blockchain Trade

Category: Finance, News, Tech

ING and Société Générale Conduct First Live Oil Blockchain Trade

European banking giants ING and Société Générale (SocGen) have successfully completed a live oil trade in cooperation with global commodity trading House Mercuria using blockchain technology announced February 22. The three trading houses have developed a blockchain prototype for paperless trading in the oil trade and finance sector aimed at reducing costs and inefficiencies. The new trading platform is called…

READ MORE

Join our Telegram Channel!