Petroteq Energy’s (TSX.V: PQE) (OTCQX: PQEFF) Blockchain Platform Taking Sharing Economy to Oil & Gas Industry
Blockchain technology may find widespread application in oil and gas industry Replacing intermediaries with blockchain technology Reducing transaction costs in oil and gas Although most closely associated with bitcoin and cryptocurrencies, blockchain technology is finding its way into a wide range of industries and applications. Under development in fields as diverse as stock trading, land title registration, smart contracts, the sharing economy and supply chain logistics, the technology’s disruptive potential is being compared to that of the internet itself. As an example of the seismic shifts it may precipitate, a Forbes feature speculates on the reasons ‘Why Blockchain Could Kill…