Big Oil Gets Big on Blockchain

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Abu Dhabi oil company is adopting blockchain technology, what does it mean and does it matter?

Sources
https://cointelegraph.com/news/ibm-partners-with-abu-dhabi-national-oil-company-for-blockchain-supply-chain-system

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Big Oil Gets Big on Blockchain

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20 comments

  1. If this comment gets 100 likes

    It means we all love Crypto Lark! 😊💙💚💛💜❤

  2. Are there any projects in your portfolio that you are more bullish or bearish on than you once were? Have your opinions on Tron changed at all?

  3. Wait … explain again, now how do I plug this quantum computer into my horse to get it to go faster? Says I need to update my drivers or something maybe that will help

  4. Good thing you can write off your wardrobe expenses on your taxes. If you aren’t you should. lol Looking at ARBA, I want to support you.

  5. Thanks, Lark. I have to say I don’t really get the upside of blockchain for oil and gas supply chain delivery. How do you uniquely identify 1 litre of oil from another again? If they were previously writing production and sales down on stone tablets, this might make sense, but there are a lot of cheap ERP solutions out there that can help them do the same thing more efficiently and if they want to give the public access to their database to make it more “transparent,” they can certainly do that without a blockchain ledger.

  6. Yeah, the tracking oil thing seems ridiculous, but settlements, bills of lading, etc…yeah that makes sense

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