ING and Societe Generale do oil trades on a blockchain

ING and Societe Generale do oil trades on a blockchain

ING and Societe Generale Corporate & Investment Banking have presented the results of the “Easy Trading Connect” blockchain prototype, coinciding with IP Week in London. They carried out a live oil trade between parties with Mercuria, which cut costs and reduced the time from three hours to 25 minutes, said a statement. KEYWORD:Skuchain SOURCE:INTERNATIONAL BUSINES TIMES