2020-1-29 14:13 |
Saudi Aramco joins Shell, BP, Chevron and others in using Vakt’s blockchain-based oil trading platform
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A leading oil corporation from Saudi recently invested $5 million towards a blockchain based startup dubbed ‘Vakt’. Saudi Aramco Energy Ventures (SAEV), initiated the transaction through its investment wing and has since joined 11 other investors who were initially part of the project.
2020-1-29 21:04 | |
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The first application on Kadena's public blockchain is a tracking platform for CBD oil.
2019-12-6 12:00 | |
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The U. S. Customs and Border Protection, which falls under Homeland Security is set to use a blockchain-based system to track oil and gas imports from Canada. The research and development wing of the agency has granted $182,700 to Mavennet Systems for building a blockchain-as-a-service platform.
2019-11-9 20:19 | |
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Bitcoin (BTC) classifies as digital gold, and Ethereum (ETH) has gained the tag digital oil for its extensive uses and gas fees. The Ethereum platform ranks as the second most used platform after Bitcoin and it shows no signs of slowing down.
2019-10-4 18:29 | |
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Modex, a blockchain solutions firm, released its Blockchain Database (BCDB) platform to ease out the deployment of blockchain technology across corporations and enterprises. Oil and gas firm, Dietsmann, becomes one of the first enterprises to use the platform to deploy a blockchain.
2019-9-23 17:29 | |
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Major oil and gas firm pilots Modex’s newly launched blockchain platform
2019-9-23 04:13 | |
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Oil and gas giant Dietsmann deploys Modex Blockchain Database (BCDB) - CryptoNinjas Modex, a blockchain database company, today announced the launch of their enterprise platform for simplified blockchain deployment.
2019-9-20 18:28 | |
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Thai oil and gas firm PTT is jointly developing a regional blockchain-based renewables platform with the Energy Web foundation
2019-9-12 21:53 | |
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Sinochem Energy Technology is reportedly discussing building a blockchain platform for the oil sector with Shell and Macquarie
2019-9-7 21:40 | |
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Blockchain technology is being used in various industries as more applications for groundbreaking technology are developed. A group of energy companies has come together to build a blockchain platform for the energy industry.
2019-9-6 18:26 | |
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Murphy Global Logistics adopts blockchain to track commodities shipping - CryptoNinjas Data Gumbo, a Houston-based technology company, that has developed the blockchain-as-a-service (BaaS) platform GumboNet to streamline smart contracts for the oil & gas industry, today announced that Murphy Global Logistics, a freight forwarder for international commodities shipping, has adopted Data Gumbo’s solution.
2019-9-6 01:51 | |
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One of the most important banks in the market, Standard Chartered, has recently completed its first transaction using the new Voltron platform. Voltron is a new blockchain platform focused on the oil industry.
2019-8-8 23:12 | |
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Standard Chartered Bank has completed the first international letter of credit transaction on the oil industry blockchain platform Voltron.
2019-8-7 13:00 | |
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A new mortgage platform (E-Mortgage) will be created on the basis of the bitcoin blockchain in Dubai. Dubai is confidently moving towards the status of the smartest smart city. May be this is Durov who drives the process? Pumping oil, building lands and selling them for bitcoins The current welfare of the Emirates was created […]
2019-5-31 19:32 | |
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Ripple (XRP) technically bullish PPTEP partnership bullish By collaborating with PPTEP of Thailand with Siam bank as a facilitator, investors can see firsthand why the platform can help industries across the board.
2019-4-28 21:00 | |
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FullToken—A 21st Century Energy Platform During the1970s fuel shortages, peak consumer angst was on full display (think long lines, outages, rationing, and price gouging). Today we are moving in slow motion towards a very similar situation.
2019-4-9 15:22 | |
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OilWellCoin is the first project in the world aimed at solving the problem of financing and developing the oil industry on the basis of blockchain technologies. It is created by a group of professionals with more than 40 years of experience in oil exploration, software development, and law.
2019-3-16 20:33 | |
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What Is MultiCoin Bank? MultiCoinBank is a UK registered investment company created by a team of experts, bankers, analysts and traders with over ten years specialized experience in bonds, stocks, futures, currencies, gold, silver and oil trade.
2019-3-7 08:23 | |
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The implementation of blockchain technology has already made it to the oil industry with the use of Vakt as a segue. The blockchain-based post-trade platform has been working to expand its reach for a clearer view of the industry as a whole in the North Sea region. According to a recent announcement by Vakt on […]
2019-2-27 23:25 | |
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Vakt, a blockchain-powered oil trading platform based out of London has enrolled onshore companies responsible for two-thirds of all deals in the economically important waters of the North Sea, Financial Times reported on February 25, 2019.
2019-2-27 22:00 | |
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Blockchain-driven post-trade platform Vakt is now partnered with firms responsible for most of the oil trades in the North Sea region
2019-2-27 20:40 | |
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Accounts by mariners of freak or rogue waves out in the ocean have long been a common occurrence but until relatively recently remained anecdotal. That is, until January 1 1995, when a huge wave was observed – and recorded – at the Draupner Oil platform in the North Sea.
2019-2-2 12:00 | |
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On January 16, London-based blockchain oil trading platform VAKT announced that oil and gas giants Chevron, Total and Reliance have joined its new blockchain-powered commodity trade platform. VAKT Puts Oil onto the Blockchain VAKT’s mission is “to digitize the global commodities trading industry, creating a secure, trusted ecosystem, powered by blockchain,” according to its website.
2019-1-17 04:00 | |
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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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VP Capital and Larnabel Ventures, two information technology-focused venture firms in crypto-friendly Belarus have launched a platform that makes it possible for users to buy tokenized traditional assets such as gold, oil, shares of companies and more, using bitcoin and other cryptocurrencies, reported Reuters on January 15, 2019.
2019-1-16 16:00 | |
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VP Capital and Larnabel Ventures, two information technology-focused venture firms in crypto-friendly Belarus have launched a platform that makes it possible for users to buy tokenized traditional assets such as gold, oil, shares of companies and more, using bitcoin and other cryptocurrencies, reported Reuters on January 15, 2019.
2019-1-17 16:00 | |
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Multinational energy corporations Chevron, Total and Reliance Industries have joined blockchain-based platform Vakt for energy commodity trading
2019-1-17 12:53 | |
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The Abu Dhabi National Oil Company (ADNOC) is embracing the possibilities of blockchain. The company recently announced a successful partnership with IBM. The two have piloted an IBM blockchain based automated system that integrates the oil and gas production activities across the entire value chain.
2018-12-10 18:29 | |
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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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CoinSpeaker Meet Vakt, First Blockchain-based Platform to Finalize Crude Oil Deals At the helm of an international oil consortium, Shell and BP set up a live blockchain-based platform to secure effective post-trade processes.
2018-11-30 22:53 | |
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Amazon walks into the blockchain jungle, Vakt oil platform is pumping, and UAE gets serious about emerging tech. Plus, trouble with Iran.
2018-11-29 19:22 | |
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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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VAKT, a blockchain-based commodity trading platform backed by BP, Shell, Mercuria, ING, and Societe Generale, is now fully operational.
2018-11-29 16:38 | |
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A blockchain platform built by a group of major firms to bring new efficiencies to energy commodities trading has gone live.
2018-11-29 15:45 | |
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Dexon Code Review – sounds like an oil company, but no! Surprise, it’s the ‘premier blockchain platform for developing dApps’. Might be news to a few other platforms, but sure, let’s go with that.
2018-11-27 00:30 | |
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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.
2018-11-15 22:00 | |
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CoinSpeaker Oil Industry Giants Shell and BP to Fully Automate Energy Trading Processes Using Blockchain A group of oil industry giants including Shell and BP are launching a blockchain platform to facilitate post-trade processes.
2018-11-14 16:05 | |
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Some of the biggest names in the energy sector have come together with equally large banks and financial institutions in order to launch a blockchain based energy commodity platform before the end of the year.
2018-11-13 16:00 | |
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Oil giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry.
2018-11-13 15:30 | |
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Ethereum bug found, blockchain platform rolls out for oil, China’s central bank is not impressed with blockchain, and crypto gets into the film industry…again.
2018-11-14 03:42 | |
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The Kingdom of Bahrain is an island nation of the Middle East. Home to around 1. 23 million people and a very forward thinking population. Interestingly, Bahrain has a very powerful political position as a result of its location, therefore, cryptocurrency adoption in Bahrain could turn out to have a very significant impact.
2018-10-14 23:00 | |
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Commodity traders, energy majors, and large banks have set up a new venture to digitize and facilitate commodity trade through a blockchain-based open platform, Societe Generale announced in a September 19 press release.
2018-9-23 19:00 | |
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Commodity traders, including Shell and Mercuria, are collaborating with a number of international banks to create a blockchain-based trade finance platform they hope will become the standard for the commodity trading industry.
2018-9-21 00:44 | |
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Virtuse is a next-generation blockchain-powered exchange that allows investors worldwide to trade a wide array of cryptoassets. It’s a unique platform that combines the best of the traditional investment world with the new digital assets ecosystem.
2018-9-4 12:03 | |
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In Monday’s edition of The Daily we cover the news that Bittrex exchange has invested in a new Malta-based trading platform aimed at institutions, and a research report which predicts that the crypto ATM market will grow by over 50% a year and more.
2018-9-3 12:05 | |
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New York realtors looking to avoid hiccups in their commission payouts can now turn to blockchain-based smart contracts. The first real estate commission split was brokered earlier this summer in Manhattan’s ritzy SoHo neighborhood by New York-based Bapple Realty.
2018-7-13 15:39 | |
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EverMarkets proposes to offer a trading platform aimed at revolutionizing global derivatives markets. EverMarkets is developing the EverMarkets Exchange (EMX), based on this platform, which will offer futures contracts which give price exposure to underlying assets as varied as crude oil, gold, stock indices, or bitcoin.
2018-7-4 20:23 | |
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The price of Bitcoin took a nose dive on Saturday following reports of Iran launching missile and drone attacks on Israel. Alongside the market leader, many other prominent cryptocurrencies also experienced a significant selloff as news of a brewing international conflict in the Middle East circulated on the internet.
The license is pending operational approval and allows Crypto.com’s Dubai entity to offer exchange, broker-dealer, and lending and borrowing services.
Saudi Arabia’s forthcoming regional development project, NEOM, has partnered with Animoca Brands to push Web3 in the region and a potential $50 million investment deal.
The International Monetary Fund (IMF) has called for financial reforms, particularly in the crypto industry. But the recent Israel-Hamas conflict threatens the global economy.
Binance announced the suspension of its crypto debit card services in Latin America and the Middle East starting Aug. 25. Crypto debit cards allow users to make purchases using their crypto. Binance Card enabled its users to cover daily expenses…
The cryptocurrency exchange said the card service will terminate Sept. 21.
Gemini’s move is another sign of exchanges seeking alternatives to the American market as regulatory uncertainty takes its toll.