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. The company has also announced that it will be launching the first ever Bitcoin futures contract in Germany this summer. 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.
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.