• A pump jack in a canola field (via Shutterstock)
    Technology

    With Vakt investment, five of the biggest energy companies bet on blockchain

    The oil and gas industry is embracing blockchain technology for everything from tracking products to financing sales

    With the announcement on Jan. 16 that three major oil and gas firms including Chevron, Total, and Reliance Industries have joined Vakt, the energy-industry enterprise blockchain company now has five of the 10 largest oil firms by market capitalization on board.

  • world map
    Asia & Australia,  Europe,  Regulation

    As the US dithers on regulating cryptocurrencies, other regions move forward

    Support for blockchain technology is stronger both in the US and abroad

    Cryptocurrency and blockchain enthusiasts were excited about the ​announcement​ this week that President Donald Trump plans to name Office of Management and Budget Director Mick Mulvaney, a longtime supporter of cryptocurrencies and blockchain technology, as his interim White House chief of staff before the end of the year. As a congressman, Mulvaney was a co-founder of the ​Congressional Blockchain Caucus​. When it comes to actually embracing cryptocurrencies, the U.S. has been generally skeptical. As a recent opinion piece in the ​Harvard Business Review​ by law firm Jones Day blockchain initiative leaders Stephen J. Obie and Mark W. Rasmussen noted: ​“Without clear regulations, cryptocurrency innovation in the United States is being stifled.…

  • Representatives of seven Southern European countries.
    Cryptocurrencies,  Europe

    Southern Europe stakes a claim to blockchain leadership

    Seven EU members including France, Spain, and Italy commit to advancing blockchain law and technology

    Seven European Union member states including France, Spain, and Italy have signed a joint declaration committing them to promoting the use of blockchain technology in providing government services. Led by Malta, which has been positioning itself as the EU’s “Blockchain Island,” the seven Mediterranean nations on Dec. 4 announced their “forward-looking vision to make Southern Europe a leader on emerging technologies, such as Distributed Ledger Technologies,” another name for the blockchain technology underlying cryptocurrencies. “We believe that Distributed Ledger Technologies could be one of the instruments that can help our countries transform their economies and society into truly digital ones and become a leading region in this sector,” the declaration…