Italy Recorded First Ever Blockchain-based Transaction on the Gas Market

The local natural gas infrastructure company based in Italy, Snam S.p.A has successfully conducted the first nature gas purchase and sale transaction. The transaction recorded was also the first time being performed in world history for companies in the industry. The pilot of the blockchain-based transaction was first carried out on 17 December 2019 and operated on the Italian trading hubs for natural gas. 

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