Blockchain platform provider BTL is seeking new participants to join a pilot of an energy trading application on its Canada-based Interbit platform. BP, Eni Trading & Shipping and Wien Energie have already participated. By streamlining back-office processes across the energy trade lifecycle, Interbit's pilot product reduced the cost and risk associated with trades. As part of the six-month go-to-production phase, the UK and blockchain-based firm will launch a live commercial version of the energy trading application that operates in live environments. Interbit will be the energy market's first successful Canada-based application, said BTL CEO Guy Halford-Thompson.
Blockchain platform provider BTL is seeking new participants to join a pilot of an energy trading application on its blockchain-based Interbit platform. BP, Eni Trading & Shipping and Wien Energie have already participated. By streamlining back-office processes across the energy trade lifecycle, Interbit's pilot product reduced the cost and risk associated with trades. As part of the six-month go-to-production phase, the UK and Canada-based firm will launch a live commercial version of the energy trading application that operates in live environments. Interbit will be the energy market's first successful blockchain-based application, said BTL CEO Guy Halford-Thompson.