BP, SHELL, STATOIL COOPERATION
PLATTS - Energy majors BP, Shell and Statoil are to co-develop a blockchain-based digital platform for energy trading.
The investor group, which includes trading houses Gunvor, Koch Supply & Trading, and Mercuria, plus banks ABN Amro, ING and Societe Generale, aims to "modernize and transform post-transaction management of physical energy commodities trading," the companies said in a joint statement Monday.
The platform is to be managed and operated as an independent entity. It…
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