Sign in

150-Year-Old Chinese Gas Company Ramps Up Blockchain Adoption

cointelegraph.com

Chinese energy company, Shanghai Gas, announced an expansion of its blockchain efforts following a successful trial partnership with supply chain management blockchain firm, VeChain (VET), on March 31. Shanghai Gas, founded in 1865, is owned by utility services company, Shenergy Group — which claims to occupy more than 90% of Shanghai’s gas market.

Shanghai Gas expands blockchain adoption Shanghai Gas’ trial used distributed ledger technology, or DLT, provided by VeChain to comprehensively monitor its supply chain and identify opportunities for efficiency savings and reduced operational costs. The expanded partnership will see Shanghai Gas build “a trust-free ‘Energy-as-a-Service’ ecosystem” in partnership with VeChain and electricity provider ENN Energy Holdings.

Read in Full: cointelegraph.com
Bitcoin GAS
$ 7.027
Bitcoin VET
$ 0.04736

Timeline of Gas, Vechain

Claim Your 100 USDT Reward
Earn a limited-time reward by registering and starting your crypto journey now! Claim Reward!
Bitcoin Bitcoin
70855.3000 2.46%
Ethereum Ethereum
3571.63000 1.65%
BNB BNB
582.275000 1.67%
Solana Solana
188.471000 1.96%
XRP XRP
0.62907500 2.32%