SHELL & BP ARE NOW SELLING CRUDE OIL ON THE BLOCKCHAIN

The reason for such interest from this sector is the belief that blockchain can cut costs and increase profit margins by cutting out intermediaries. The industry hopes it will also increase transparency and security, and solve trade and settlement inefficiencies.

Interesting article about how some of the biggest players in the oil market are starting to use the blockchain to cut costs. This is a real world use and can only help the blockchain and crypto worlds, good to see. Hopefully they will expand this project quickly. In any case, these big companies have probably done their homework and know that what they're doing is going to work before making the news public.

Read the full story here...
https://bitcoinist.com/shell-bp-oil-blockchain-vakt/