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Blockchain playing a significant role in the crude oil tracking

With industry specialists in various strategic positions, the entire process of crude oil trading is nearly seamless. Learn how three-quarters of Bitcoin investors lost money. But a critical factor of these transactions, crude oil, does not have a single universal tracking system. With an intrinsic link to the geopolitics at stake for each country and its suppliers, economic and political ramifications come with this lack of transparency. Blockchain has been suggested as a potential solution to improving the supply chain process involving crude oil, with many companies investing in developing and implementing platforms for this purpose. Whether or not the ....

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