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Shell “shelling” out coins to invest in Blockchain start-up

Shell has purchased an equity stake in Applied Blockchain

The world renowned multinational oil and gas company, Royal Dutch Shell, has bought a minority stake in Applied Blockchain. Applied Blockchain is a start-up aiming to develop solutions for those venturing in blockchain technologies. The start-up is actually not as new as it sounds, as it has been out for over three years. So far they have already acquired clients in the telecommunications industry, banking, manufacturing, automotive and aerospace.

Having partnered with big names such as Microsoft, RocketSpace and Fintech Week, Applied Blockchain are moving at a fast pace and providing their clients with blockchain application solutions. Clients seeking solutions that they deem are easily solved by blockchain technologies head over to Applied Blockchain. Before going ahead with the development stage, the clients’ business is first evaluated to see whether Blockchain is the right technology they need to solve their issues. Another big area of their business model is partnering with start-ups from the get go and integrating blockchain technology from inception.

 

This news of Shell getting involved with Applied Blockchain follows news of big oil and gas companies alongside Shell such as BP and Statoil planning to have their own trading platform implemented on Blockchain. This project is planned to roll out towards the last quarter of 2018, and will include big traders such as Mercuria and Koch Supply.

 

Written by Ismail Yassin

Co-founder of Crypto News and future Crypto-Millionaire with the intention of bringing all the beginner traders, just like him not too long ago, along on the ride. Hop on the crypto-bandwagon and H.O.D.L!

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