A blockchain platform built by a group of major firms to bring new efficiencies to energy commodities trading has gone live.
CoinDesk
Shell, BP Back Blockchain Platform to Modernize Commodities Trading
Oil giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry.
CoinDesk
TASE Shell Company Switches Plans From “Blockchain” to Cannabis
After delistings, warnings and even regulatory actions in different markets around the world, we are now getting another indication that the “blockchain” stocks hype is dying out. A TASE shell company has switched its focus from trying to enter the blockchain racket to newer trends like the legal cannabis business.
Also Read: Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF)
Fantasy Blockchain
Fantasy Network is a shell company traded on the Tel Aviv Stock Exchange (TASE: FNTS). On Monday the company announced drastic changes to its leadership, ending all the plans it previously had to enter the blockchain space. The company’s CEO quit last week after FNTS attempt to merge with A2Z Blockchain Technologies failed.
Oil Giant Shell Buys into Blockchain
Blockchain technology is no longer limited to innovative startups with grand intentions of changing the world. Massive multinationals are also looking to use the technology to improve their operations and boost productivity. The latest in the lineup to get on board the blockchain train is petro corporation Shell.
According to industry portal OilPrice, the energy giant has bought up a minority share in Gartner-listed startup Applied Blockchain. Details of the deal have yet to be disclosed, but the move will enable the London startup to help Shell explore how the technology might be applied to its business.
