VAKT Launches Blockchain Platform

The consortium was established last year, backed by major commodity traders, banks and energy firms.

oil

London based VAKT has announced the launch of its blockchain platform for the North Sea Brent oil market. 

“On the energy side, for physical commodities there tends to be a lot of data associated with every transaction,” says Lyon Hardgrave, vice president of business development and product development. “If you are moving a ship from one place to another, you are buying in one place and selling in another, there is a bunch of documentation attached to all those trades, and it creates a lot of

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: