British Petroleum, British industrial giant in the oil, gas and energy industries, plans to test the technology of distributed registry in the energy market, writes the Financial Times.

“The blockchain may be the most important component of trade in the energy market in the future. Application and active use of this technology can provide BP a competitive advantage and help to maintain the primacy among the energy groups,” – said the responsible for the technological direction of BP David Ayton (David Eyton).

Currently, BP is running on the test stand the blockchain with the Austrian energy company Wien Energie and Italian oil company Eni Trading & Shipping. A platform for energy trade has developed canadian blockchain-BTL.

According to Ayton, speed, transparency and security make the blockchain a real achievement. However, the use of the blockchain and possibly in other areas of industry, for example, optimization of business processes in enterprises.

“In large corporations with many divisions you will also need to adjust the financial balance between subsidiaries,” he says.

Recall that Oracle next year will present a blockchain-based platform for supply chain management.

See also: Goldman Sachs is preparing the launch of trade bitcoins




British Petroleum puts trade oil and gas on the blockchain 06.10.2017

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