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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: oil

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…

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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…

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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…

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