Jonny Fry Posted

How Blockchain technology is being used in the energy sector.

Repsol, the Spanish energy company, has recently invested in FinBoot, which is a business with offices in London and Barcelona. FinBoot has been developing a Blockchain-powered platform to improve the efficiency of tracking the multitude of samples that energy companies need to continuously create. Repsol typically has over 60,000 samples it has to create, as refining and transporting petrochemicals requires products to be sampled and checked in order to meet Repsol’s clients’ requirements.“Currently, there is a lot of rework involved in these types of processes where we handle a large number of samples...