BLOCKCHAIN
WITH THE NEWS earlier this year that BTL Group is firmly entrenched in phase two of its European energy trading project , even completely unrelated industries pricked up their ears at the concept of a startup supporting some of the biggest energy giants in the quick and efficient exchange of data .
Following BTL ’ s successful pilot last year , in which Eni , BP and Wien Energie were brought together for the company to prove the effectiveness of its Interbit platform , four oil and gas supermajors and five leading energy traders ( Eni , Total , Gazprom , Mercuria , Vattenfall , Petroineous and Freepoint ) formed a consortium to test the platform which promised to deliver gas trading reconciliation through to settlement and delivery . This is phase two , known as OneOffice .
BTL is changing the game for the energy industry by making blockchain accessible in this way . Traditionally paper and email based , energy may have been an unusual choice for BTL ’ s expertise , but a perfect one to embrace better organisation and more streamlined trading processes .
CIO and Co-founder of the business , Hugh Halford-Thompson ,
28 April 2018
Blockchain ’ s influence on the energy sector is growing
Hugh Halford-Thompson , CIO , BTL