Bitcoin Forum
April 20, 2018, 08:39:36 PM *
News: Latest stable version of Bitcoin Core: 0.16.0  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-02-23]ING and SocGen make blockchain-based oil trade  (Read 144 times)
Kemarit
Legendary
*
Offline Offline

Activity: 868
Merit: 1069


View Profile
February 23, 2017, 06:47:28 AM
Merited by rodskee (2)
 #1

From my Twitter feed:

ING and Societe Generale have teamed up with commodity trading house Mercuria to test the use of blockchain technology for a live oil trade. Blockchain tech was used to sell an oil cargo shipment containing African crude three times on its way to China, with traders, banks as well as an agent and an inspector, all performing their role in the transaction directly on the 'Easy Trading Connect' platform.

Full Read: https://www.finextra.com/newsarticle/30178/ing-and-socgen-make-blockchain-based-oil-trade

Looks like another industry testing Blockchain Technology to see how it fits in. The list is now
growing.. what other sector or industry do you think will follow testing Blockchain and its advantage?

1524256776
Hero Member
*
Offline Offline

Posts: 1524256776

View Profile Personal Message (Offline)

Ignore
1524256776
Reply with quote  #2

1524256776
Report to moderator
1524256776
Hero Member
*
Offline Offline

Posts: 1524256776

View Profile Personal Message (Offline)

Ignore
1524256776
Reply with quote  #2

1524256776
Report to moderator
1524256776
Hero Member
*
Offline Offline

Posts: 1524256776

View Profile Personal Message (Offline)

Ignore
1524256776
Reply with quote  #2

1524256776
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
CryptoWiz420
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


View Profile WWW
January 25, 2018, 03:08:50 PM
 #2

From my Twitter feed:

ING and Societe Generale have teamed up with commodity trading house Mercuria to test the use of blockchain technology for a live oil trade. Blockchain tech was used to sell an oil cargo shipment containing African crude three times on its way to China, with traders, banks as well as an agent and an inspector, all performing their role in the transaction directly on the 'Easy Trading Connect' platform.

Full Read: https://www.finextra.com/newsarticle/30178/ing-and-socgen-make-blockchain-based-oil-trade

Looks like another industry testing Blockchain Technology to see how it fits in. The list is now
growing.. what other sector or industry do you think will follow testing Blockchain and its advantage?

No one ever responded to this? Its called Easy Trading Connect (ETC?? lol) and has already done more than ethereum classic so i think we should give them the name and let ethereumclassic die.. Whats the point of it anyways? Looks like this actually does something.

Get PUNZ now
PUNZ: Making Crypto Great Again. Swap Many Coins To Punz, FREE!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!