14 Apr '18, 1pm

The beauty of blockchain

The beauty of blockchain

As blockchain becomes an increasingly accessible concept, BTL is offering its expertise to the energy industry. CIO Hugh Halford-Thompson explains why. With the news earlier this year that BTL Group is firmly entrenched in phase two of its European energy trading project, even completely unrelated industries pricked up their ears at the concept of a startup supporting some of the biggest energy giants in the quick and efficient exchange of data. Following BTL's successful pilot last year, in which Eni, BP and Wien Energie were brought together for the company to prove the effectiveness of its Interbit platform, four oil and gas supermajors and five leading energy traders (Eni, Total, Gazprom, Mercuria, Vattenfall, Petroineous and Freepoint) formed a consortium to test the platform which promised to deliver gas trading reconciliation through to settlement and delivery. This...

Full article: http://www.energydigital.com/oil-gas/beauty-blockchain

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