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IBM Partners with Abu Dhabi National Oil Company for Blockchain Supply Chain System

Published 09/12/2018, 16:12
Updated 09/12/2018, 16:45
IBM Partners with Abu Dhabi National Oil Company for Blockchain Supply Chain System

IBM Partners with Abu Dhabi National Oil Company for Blockchain Supply Chain System

The Abu Dhabi National Oil Company (ADNOC) has successfully collaborated with IBM (NYSE:IBM) to pilot a blockchain supply chain system, according to an ADNOC press release published on Dec. 9.

The release notes that ADNOC — a state-owned oil company in the United Arab Emirates (UAE) — is reportedly among the world’s leading energy and petrochemical groups, with a daily output of about 3 million barrels of oil and 10.5 cubic feet of natural gas.

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