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Blockchain

How blockchain is disrupting industry

The traditionally old-fashioned oil and gas industry could start adopting blockchain payment technology within the next year, according to one of the world's largest commodity traders.

Marco Dunand, chief executive of Swiss-based Mercuria spoke at the recent Reuters Commodities Summit about the digital transformation the industry is undergoing.

The below graphic explains how the blockchain electronic currency system works.

How blockchain works infographic: The current system, bitcoin blockchain and the proposed private blockchain


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