Energy/gas & oil companies today contend with a host of inefficiencies, including low levels of trust among counterparties, low traceability of assets, outdated, manual documentation practices and painstaking contract disputes. Adopting DLT/blockchain technology in the energy industry can reinvent energy trading, upgrade back office systems, digitize assets and enable peer-to-peer interactions while increasing efficiencies.
In the gold industry, Tradewind selected to build a private blockchain application using R3’s Corda platform on Amazon Web Services (AWS), due to Corda’s ability to isolate data, offer privacy, and provide a developer-friendly technology.
To build its royalty ledger and to meet the stringent privacy and security needs of its stakeholders, GuildOne chose to execute a proof of concept (PoC) using R3’s Corda platform on Amazon Web Services (AWS).
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