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 energy Energie have already joined . 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 markets . Interbit will be the energy trader 's first successful cloud - based application , said global 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.