Macquarie Group, Royal Dutch Shell, & Sinochem Energy Team Up For Blockchain

Macquarie Group, Royal Dutch Shell, & Sinochem Energy Team Up For Blockchain

A memorandum of understanding has been signed between the Macquarie Group, Royal Dutch Shell, and Sinochem Energy Technology Co Ltd to build a blockchain platform for crude oil which will be used for trades and settlements. A source revealed, “Sinochem group has set an internal deadline for the technology firm to bring in strategic investors by the end of September, or the latest October because the firm is in deep loss.”

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