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IBM and Abu Dhabi National Oil Company (ADNOC) Become a Partner for Blockchain Supply Chain System

According to the Abu Dhabi National Oil Company's December 9th press release, they made a successful partnership with IBM for their blockchain supply chain system.

According to ADNOC, the state-owned oil company in the Arab United Emirates is one of the world's leading energy and petrochemical groups with 3 million barrels of oil per day.

Companies that are in this pilot project It is the only platform that follows the amount and financial values of its mutual transactions.Thus, accounting and reporting are automated.

This system was announced by Abdul Nasser Al Mughairbi, the Digital Unit Manager of ADNOC, in the recently held World Energy Capital Council. During the summit, Olabilir this blockchain can be used for the first time in oil and natural gas production “ he said the importance of the situation. Al Mughairbi also conveyed his ideas about this technology:

”Blockchain is a thing of the past, reducing time-consuming and labor-intensive procedures, reducing transaction costs, while at the same time strengthening sales and marketing of products, creating sustainable value in the long run.“

Zahid Habib, an IBM representative, says the system “perfectly follows all of its value from the oil to the molecule. IBM At the same time, ArabianGazette said that customers and investors will be able to reach the same data with them as a perfect integration with stakeholders.

In his press release, ADNOC says,

Artır This system will reduce the time between operations of companies and increase operational efficiency in the entire supply chain. It will also increase transparency and increase the realism of production data. Aynı

Last week, the Cointelegraph announced that after-sales management firm VAKT launched a transaction tool for the customers of the crude oil sector such as BP, Equinor, Shell, Gunvor and Mercuria based on the blockchain.

Meanwhile, the Abu Dhabi International market has completed a blockchain-based system test this week. He said that he completed the pilot of Know Your Customer project, according to the statement of international free finance in the capital of the United Arab Emirates.

Source: Cointelegraph

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph