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Ethereum’s 27-year-old co-founder Vitalik Buterin became the world’s youngest known crypto billionaire when Ethereum’s native cryptocurrency, ether, surged past $3,000.
RIYADH: Saudi oil giant Aramco is moving ahead with plans to become the world’s leading digitalized energy company by leveraging innovative technologies to improve efficiency, safety and sustainability, a company representative told Arab News. The company is using blockchain technology to standardize business processes to increase efficiency and reduce costs. Blockchain
As oil majors rally from last year’s dip in demand and price, most are looking for new technologies to ensure the safety of their future. Driving down costs and enhancing green practices is at the top of these companies’ priority list going into the next decade, and blockchain is offering them a way to do this. The latest company to buy into blockchain technology is Norwegian firm Equinor. Equinor is 70 percent owned by the government, meaning oil production must go hand in hand with environmental policy. To this end, CEO Anders Opedal aims to make Equinor carbon-friendly, the first ...
Another Oil Giant Joins The Blockchain Bandwagon By Felicity Bradstock - Feb 03, 2021, 12:00 PM CST As oil majors rally from last year’s dip in demand and price, most are looking for new technologies to ensure the safety of their future. Driving down costs and enhancing green practices is at the top of these companies’ priority list going into the next decade, and blockchain is offering them a way to do this. The latest company to buy into blockchain technology is Norwegian firm Equinor. Equinor is 70 percent owned by the government, meaning oil production must go hand in han...
Agri-food market driving industrial blockchain success story Share on email Blockchain is in a slump, with almost half its 2018 market value wiped out in 2020. But the silver lining in that downfall has been the resiliency of industrial applications, not least in the agri-food market, which has dominated blockchain success stories. Analyst firm ABI Research said it expects industrial blockchain revenues to grow six-fold in the next five years, reaching $2.1 billion globally by 2025. “Supply chain implementations have been particularly successful and are having the greatest impact on the agr...