ING joins forces on blockchain-based platform for energy commodities

6-11-2017 - ING is joining forces with banks, large energy companies and trading houses to create a blockchain-based digital platform that intends to modernise and transform energy commodities trading.

The new venture seeks to create a secure, real-time blockchain-based digital platform to manage physical energy transactions from trade entry to final settlement. In doing so, it digitalises the process and allows the sector to move away from traditional paper contracts and operations documentation.

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