Shell invests in Blockchain

The Blockchain attracts more and more "steak holders" from business enterprises and the finance sector and also becomes more interesting for investors. We already mentioned the activities of "Raiffeisen Bank International" on our Crypto Future blog – but also shipping companies and high politics now show interest in the great possibilities of the decentralized network.

Meanwhile also the petrochemical industry recognizes the blockchain. Shell the international oil giant with headquarters in London, has invested an indefinite amount in the London based startup "Applied Blockchain" (photo: Marcus de Wilde from A.B. with Crypto Future CEO Tomislav Matic) via its investment arm “Shell Trading International”. Founded in 2015, the company develops blockchain applications focused on distributed ledgers and smart contracts for its customers. The start-up should help the energy giants to adapt the new technology to their own business. "Applied Blockchain" currently has clients in the banking and telecommunications sector as well as automotive industry and -suppliers and the aerospace industry. But there are also many possibilities in the energy sector - so Shell, BP and Statoil are working on their own blockchain-based trading platforms.

For example, Austrian company "Wien Energie" has already launched its first successful blockchain projects and carried out a gas trade with the blockchain.

 

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