Interview – How Blockchain is Revolutionising the Energy and Supply Chain Industries
Blockchain Live interview with Adi Ben-Ari, CEO & Founder, Applied Blockchain
Case Study – How Blockchain is revolutionising the Energy and Supply Chain Industries
Adi shares his thoughts on Shell trading and in particular the impact blockchain will have on the energy sector with respect to supply chains commodities.
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My name is Adi Benari, I’m the funded CEO of a company called Applied Blockchain.
After working with Building Solutions for a while we came across our biggest client which is Shell. Who at the time were investigating blockchain and there Shell trading in particular, we’re interested in the impact of blockchain on their world.
We think blockchain will have a major impact on the energy sector but because we’re dealing with higher value supply chains over 18 commodities and volatile pricing a lot of trading activity, all of these things together mean that there are many parties transacting so they’re going active over the same asset, but all the processes that they have today are actually quite slow and have high friction associated with them so moving to blockchain is really a great way of bringing these bodies together and actually producing their optimal solutions.