Today Chinese enterprise blockchain company VeChain announced a deal for a liquified natural gas (LNG) management solution that will leverage the VeChainThor Blockchain. The partners are ENN Energy and state-owned Shanghai Gas.
The project aims to provide a quality assurance process for the different types of natural gas. For example, LNG energy potential is measured as gross calorific value (GCV) and measurements need to be taken for contaminants such as Hydrogen Sulphide and Carbon Dioxide.
Data is certified by a third party and uploaded to the blockchain. Once on the blockchain, the information will be tracked, shared and traded. The trading exchange is Greatgas.cn which is affiliated to ENN Energy.
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