Blockchain platform BTL Group has announced it is to pursue the development of its Interbit trading solution after a successful oil market pilot.
Interbit, which has been used by BP and Eni in conjunction with Wien Energie to handle oil trades, will now work towards a “go-to production phase,” Finance Magnates reports.
“Having demonstrated the reductions in risk and cost savings that are achievable we now have an opportunity to deliver the first successful blockchain based application to the energy market,” BTL co-founder and CEO Guy Halford-Thompson said.
“We are also very excited that the pilot has enabled participating companies to better understand the benefits of Interbit and identify other areas in their organizations where they can apply it.”
Read more here: https://cointelegraph.com/news/blockchain-success-sees-btls-interbit-aim-for-production