QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Engages Software Engineering Firm to Create Blockchain Applications for PetroBLOQ
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) recently engaged a software engineering firm to develop blockchain applications for its PetroBLOQ platform (http://ibn.fm/q6h1a). A recent article discussing the company reads: “MetzOhanian, a Texas-based software development and security firm, specializes in building blockchain solutions. Petroteq intends to use blockchain technology to improve efficiency and transparency in its supply chain, leading to major cost savings and enhanced security and trust. … A number of industry experts believe that blockchain will play a major role in boosting the oil industry’s profitability (http://ibn.fm/tF83x). Specifically, using blockchain technologies in supply line management could reduce inefficiencies that currently cost the…