BP, Wien Energie Complete Blockchain Energy Trading Trial

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A gaggle of vitality corporations together with BP have accomplished an vitality buying and selling pilot utilizing blockchain tech.

Canadian blockchain startup BTL introduced the completion of the 12-week trial utilizing its Interbit platform, which additionally included Wien Energie and Eni Trading & Shipping as contributors. Professional companies agency EY offered assist for the check.

Guy Halford-Thompson, co-founder and CEO of BTL, stated in a press release:

“Having demonstrated the reductions in risk and cost savings that are achievable we now have an opportunity to deliver the first successful blockchain based application to the energy market.”

The startup added that it’s now reaching out to extra vitality corporations as a part of a six-month pre-production course of for its buying and selling platform.

Wien Energie introduced its work with BTL on the vitality buying and selling platform earlier this 12 months. The agency told CoinDesk the venture is aimed to place the vitality big for a large-scale rollout of blockchain expertise within the years forward.

Energy is an area different corporations have checked out for potential blockchain enterprise alternatives. Just per week in the past, a new consortium of blockchain startups and main vitality corporations launched with the intention of creating use instances for blockchain tech within the inexperienced energy sector.

Power lines picture by way of Shutterstock

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