Shell begins trading operations on VAKT blockchain platform
Nov 29, 2018
“Digitalisation is changing how the energy value chain works. It’s an exciting time,” said Andrew Smith, EVP Trading & Supply, Shell International Trading and Shipping Company Limited.
“Collaboration with our peers and some of the industry’s key players is the best way to combine market expertise and achieve the scale necessary to launch a digital transaction platform that could transform the way we all do business. Ultimately the aim is improved speed and security, which benefits everyone along the supply chain from market participants to customers.”
VAKT is an independently managed and operated entity that has developed a blockchain platform for post-transaction management of physical energy commodities. To view the full press release from VAKT, please visit: https://www.vakt.com/press
For business inquiries related to Shell Trading Origination & Investments, please contact Maryam Ayati or Carl Ludding via the Shell switchboard: +44 207934 1234.