February 15, 2019

How Blockchain Is Changing The Face Of Oil Trading

As the hype around blockchain subsides and actual applications come to light, the technology is beginning to change the face of a huge industry: crude oil […]
January 16, 2019

Two New Supermajors Join Vakt Blockchain Platform

Total and Chevron have joined the Vakt blockchain-based trading platform that BP and Shell launched last year, Reuters reports, adding that India’s refining giant Reliance Industries […]
November 30, 2018

BP, Shell Launch Blockchain Oil Trading Platform

A blockchain-based oil trading platform dubbed Vakt and developed by a consortium involving BP and Shell began operating this week, Reuters reports, citing the consortium. The […]
September 20, 2018

Energy, Banking Majors Launch Blockchain Oil Trading Platform

Commodity traders, energy majors, and large banks have set up a new venture to digitalize and facilitate commodity trade through a blockchain-based open platform, one of […]
June 17, 2018

The Fourth Industrial Revolution Is On The Horizon

Just a few short years after economists and social theorists declared that we had entered the Third Industrial Revolution, the next revolution is already on the […]
March 2, 2018

How Oil Trade Is Getting An Efficiency Boost

As oil traders and producers continue the push for efficiency gains, firms are eyeing blockchain tech to cut costs and boost profit margins