Russia: Raiffeisen Bank, Gazprom Partner to Issue Bank Guarantee on Blockchain

The Russian branch of Raiffeisen Bank partners with major oil industry company, Gazprom Neft, and others to issue a bank guarantee via blockchain. The Russian subsidiary of Raiffeisen Bank International has partnered with local state-owned oil giant Gazprom Neft to issue a bank guarantee on blockchain, Russian business newspaper Kommersant reported Nov. 12. According to […]

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Major Oil Firms, Banks Partner to Launch Blockchain Platform for Energy Commodity Trading

A blockchain-driven platform for energy commodity trading, joined by BP, Shell, and Equinor along with large banks, will become fully operational by 2019. Major oil companies BP, Shell, and Equinor have united with large banks and trading houses to launch a blockchain-driven platform Vakt for energy commodity trading. The partnership was reported by independent news […]

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New blockchain-based Komgo platform set to transform commodity trading

Good news for traders across the world; global banks, along with international trading companies, have recently announced the first blockchain-based platform, called Komgo, that will allow financing for trading of commodities ranging from oil to wheat. The platform, which will be developed in partnership with blockchain technology company ConsenSys, will go live later in 2018, […]

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