Equinor

VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, has launched its platform in its first market. Participants in the physically traded BFOET crude oil business – including some of the world’s premier energy

A BP, Shell and Equinor-backed project to modernize physical energy post-trade processes using blockchain technology is set to go live by the end of the year, platform consortium Vakt said at S&P Global Platts Digital Commodities Summit in London.T