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

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