Mercuria sees oil sector going digital with blockchain



The traditionally old-fashioned oil and gas industry could start adopting the technology behind the bitcoin electronic currency within the next year, according to one of the world's largest commodity traders.
The commodities world is generally perceived to be one where many basic processes, such as the paperwork needed to load oil onto a tanker, for example, are still fairly archaic.
"I don’t know if it is 17th or 18th century, but it's not that sophisticated and ... with today's technology it seems to be easy to improve the efficiency of the system," Marco Dunand, chief executive... read more

 
13 October 2016 in Business, Views: 46
Source: Reuters
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