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Water Management Firm to Use Data Gumbo’s Services for Efficiency

News Austin-based Antelope Water Management has announced that it is going to start using a blockchain platform developed by Data Gumbo. The announcement appeared in a press release on Aug. 15. Antelope Water Management is a company that develops sustainability-focused water services for oil and ..

Standard Chartered Makes Letter of Credit Transaction Using Blockchain

London-based bank and financial services firm Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group. On-chain letter of creditStandard Chartered announced that it has successfully executed a pilot..

Oil Markets Could Save 30% With Blockchain, Data Gumbo CEO Says

News Global oil operators can save at least 30% by using blockchain in their infrastructure, according to data by blockchain startup Data Gumbo. Andrew Bruce, CEO of American blockchain startup Data Gumbo, discussed blockchain-powered automated contract execution in the oil industry on Bloomberg C..

Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus t..

Venezuelan Petro Against US Sanctions: History and Use of the Crypto

In depth For the entirety of cryptocurrency’s short history, Venezuela has been seen to be among the most striking example of the need for the utility. The South American country has hosted escalating political tension for years, as skyrocketing hyperinflation, electricity blackouts and shortages ..

Bitcoin Beats Traditional Financial Market Investments On ROI

The monumental performance of bitcoin in 2019 has not gone unnoticed by those who invest in traditional assets. BTC has outperformed pretty much all of the other financial investment options on the table by a massive margin. BITCOIN BEATS OIL, GOLD, STOCKS Despite its little downturn recently, bitc..

Shell Invests in Blockchain-Based Energy Startup

News Shell, the world’s fifth largest oil and gas firm, has invested in a blockchain-based energy startup, Forbes reports on July 10. The European oil and gas giant has invested an undisclosed amount in New York-based LO3, whose Exergy platform tracks energy with blockchain technology. The recent ..

Bitcoin Recovers to Trade Above $8,000, Gold Market Reports Losses

News Monday, June 10 — The top 20 cryptocurrencies on CoinMarketCap are showing mixed signals, with bitcoin (BTC) back over the $8,000 price mark after seeing a dip under $7,900 on June 8.Market visualization from Coin360 As of press time, bitcoin is up 2.18% on the day to trade at around $8,029..

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