2019-1-17 12:53 |
Multinational energy corporations Chevron, Total and Reliance Industries have joined blockchain-based platform Vakt for energy commodity trading
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Many major oil companies such as Chevron, the major Indian refiner Reliance and Total have decided to join the oil blockchain platform Vakt. Vakt is already being used by many companies since last year and it is already launching blockchain pilot schemes.
2019-1-16 20:46 | |
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The centuries-old, paper-based trading process of the oil and gas industry was overhauled last year, courtesy of the blockchain and an industry consortium originally including Shell, BP, ABN Amro, ING, and Societe Generale.
2019-1-16 19:12 | |
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ING Banking Group Expands Blockchain Usability With Its Komgo And Bakkt Initiatives The Dutch banking group ING is moving towards blockchain technology in 2019. ING aims at expanding programs related to trade and commodity finance related to energy, crude oil, soybeans and other metals.
2018-12-28 20:38 | |
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India has been in the news for its apparent uncertainly with crypto with words such as banning regularly discussed. That has not stopped its largest conglomerate from exploring the possibilities offered by blockchain.
2018-12-28 11:44 | |
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In a bid to accelerate its efficiency and productivity via blockchain technology, Reliance Industries Limited (RIL), a Mumbai-based conglomerate holding firm that deals in petrochemicals, telecommunications.
2018-12-27 16:00 | |
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Национальная нефтяная компания Абу-Даби (ADNOC) в партнерстве с IBM разработала и запустила пилотный проект блокчейн-платформы для отслеживания количества транзакций и их финансовых показателей между участниками автоматизированной системы учета.
2018-12-11 15:23 | |
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VAKT, a blockchain-based consortium formed by leading oil and energy sector companies announced the launch of its commodity post-trade management platform through a press release dated November 29, 2018.
2018-12-2 05:00 | |
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Shell and BP are now using a blockchain-based trading platform for crude oil, which they hope will solve trade and settlement inefficiencies. Shell & BP Hope Blockchain Will Solve Inefficiencies Vakt is first to market of several pilot schemes which have been in development, which Bitcoinist reported on back in January 2018.
2018-12-1 04:00 | |
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The centuries-old, paper-based trading process of the oil and gas industry is getting overhauled, courtesy of the blockchain and an industry consortium including Shell, BP, ABN Amro, ING, and Societe Generale.
2018-11-29 17:22 | |
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The US Department of Energy (DOE) and Energy Information Administration (EIA) have scrapped their emergency survey of Bitcoin mining’s power usage following a lawsuit from industry groups, Reuters and other news outlets reported.
As both artificial intelligence and cryptocurrency gain traction in several aspects of our lives, their escalating energy demands have become a critical issue. Like all technologies that improve our quality of life at the cost of using resources, generative AI and cryptocurrencies—Bitcoin (BTC) in particular—have already produced tremendous value while consuming tremendous amounts of energy.
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
A Singapore-based fund manager will purchase Mawson Infrastructure Group's Texas subsidiary and said it will participate in the state energy grid’s load response program.
Core Scientific had stopped paying Priority Power Management in May 2022.
Pow.re is one of the few companies building out 100 MW of mining in the South American country.
The state's congress will vote next on the bill, which protects bitcoin miners from utility rate hikes and measures by local governments.