Shell and BP back Blockchain platform that will boost trading in the energy industry

Oil industry giants BP and Shell are among a group of business entities plotting the launch of a Blockchain platform that will automate post-trade processes in the energy industry this year. This news was revealed by VAKT Global, a consortium…

Oil and the blockchain – Shell just made its first investment in blockchain

Oil giant, Shell has just concluded its first investment in blockchain after acquiring a minority stake in Applied Blockchain a London startup. Shell hopes to explore the potential of the blockchain technology in relation to the Oil and Gas industry.…