ExxonMobil and Chevron, along with five other global oil and gas firms, have signed a partnership agreement to form Oil & Gas Blockchain Consortium. The consortium will conduct proofs of concept for exploration of the potentials of blockchain technology, and promote global adoption of the technology.
Telefónica, Spain’s telecom company, has partnered with Microsoft to use blockchain and Artificial intelligence (AI) in expanding its digital innovation. As stated, Telefónica will leverage Microsoft’s Azure platform to build new services tailored for the telecoms industry. The company is already using AI to improve its customer relationships and is looking forward to reaping more benefits of Azure AI.
The Port Authority of the Bay of Algeciras (APBA) in Spain has signed an agreement with IBM for Tradelens, a blockchain-powered digital shipping platform built by IBM and Maersk. APBA has stated that it will utilize the platform to exchange information and documentation between its supply chain partners in a more secure and efficient way.
Iberdrola, a Spanish energy company, has begun reaping the benefits of blockchain technology in the energy sector. It has implemented blockchain for tracking renewable energy after seeing positive results in its pilot project which ensures transparency and reduced operational costs by removing middlemen involved in the energy industry.
Libereum, a Dutch crypto firm, has acquired Elche CF, a Spanish soccer club, for $4.9 million. With the acquisition, the crypto company aims to buy a set of international soccer clubs and make its ERC20 token, Liber, a compulsory payment form to let fans into the stadiums of its owned clubs.
BBVA, a Spanish banking group, and the European Investment Bank Group (EIB Group) have signed a €1 billion synthetic securitization using blockchain technology. Moreover, the two organizations have planned to offer €360 million to fund investment projects of SMEs and mid-cap firms. Earlier, the EIB Group and BBVA had signed a synthetic securitization agreement of about €600 million to fund Spanish SMEs.