BP, Wien Energie Complete Blockchain Energy Trading Trial
A group of energy firms including BP have completed an energy trading pilot using blockchain tech from Canadian startup BTL.
A group of energy firms including BP have completed an energy trading pilot using blockchain tech.
Canadian blockchain startup BTL announced the completion of the 12-week trial using its Interbit platform, which also included Wien Energie and Eni Trading & Shipping as participants. Professional services firm EY provided support for the test.
Guy Halford-Thompson, co-founder and CEO of BTL, said in a statement:
The startup added that it is now reaching out to more energy firms as part of a six-month pre-production process for its trading platform.
Wien Energie announced its work with BTL on the energy trading platform earlier this year. The firm told CoinDesk the project is aimed to position the energy giant for a large-scale rollout of blockchain technology in the years ahead.
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