Blockchain Energy

Gasnor Implements Blockchain To Gas Supply Chain in Argentina

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One of the largest gas companies in Argentina, Gasnor, uses blockchain to cut costs spent on installation of gas stations, gas transfer, and accompanying  documentation. The new blockchain platform Gasnet was launched in partnership with Argentine blockchain company IOV Labs and implemented after receiving permission from Argentina’s national gas regulator to pilot a smart contract-based certification platform. Gasnet project developed …

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Blockchain For The Oil Market: Saudi Aramco Energy Ventures Invests $5 Million In Blockchain Platform VAKT

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The world’s leader in producing and trading oil, Saudi Aramco has invested $5 million into blockchain platform VAKT. Moreover, Aramco Trading Company will become the user of the platform. This deal supports the general tendency to implement blockchain technologies in the oil & gas industry.  VAKT will implement the received financing for further platform development and expansion of the Asian …

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