Jonny Fry Posted

BP using Blockchain technology in the power sector

Julian Gray, Technology Director in the Digital Innovation Organisation department in BP, told a packed room at the Blockchain Expo conference in Amsterdam this week that BP are looking to be a “Digital Energy Company”. Julian said that BP think of Blockchain in just five words-

“Trusting People Over The Internet”

He spoke about a number of projects BP are involved in, that use Blockchain technology.

Continuing with the theme of “Collaborative capitalism”(i.e like LVMH for luxury goods and Maersk’s Tradlens for the shipping industry), BP has invested and helped develop a Blockchain-powered, commodity trading platform,...