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Author Topic: [2017-02-23]ING and SocGen make blockchain-based oil trade  (Read 133 times)
Kemarit
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February 23, 2017, 06:47:28 AM
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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?

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