Commodity Traders, Energy Majors and Banks Join Forces to Create a Blockchain-based Digital Platform for the Energy Commodity Trading Industry PR Newswire LONDON, GENEVA, AMSTERDAM and STAVANGER, Norway, November 6, 2017 LONDON , GENEVA , AMSTERDAM and STAVANGER, Norway , November 6, 2017 /PRNewswire/ — In a unique collaboration, several of the world’s largest trading houses, integrated energy companies and banks intend to create and invest in a new venture, which will be managed and operated as an independent entity. The new venture will develop a blockchain-based digital platform intended to modernise and transform post-transaction management of physical energy commodities trading, pending relevant regulatory approvals. The consortium participants are companies from: energy majors BP, Shell and Statoil; trading houses Gunvor, Koch Supply & Trading, and Mercuria; and banks ABN Amro, ING and Societe Generale. […]