Yesterday, the Shanghai Gas Group completed the trial of a liquefied natural gas (LNG) blockchain project for data sharing, reported Shanghai Daily. Shanghai Gas ran the first phase of the initiative in collaboration with blockchain firm VeChain, which provided the technology and other services.
In late 2018, Shanghai Gas, a unit of state-owned Shenergy Group, announced it was working with VeChain for an LNG management solution. At the time, the companies said the project would focus on providing quality assurance for different types of natural gas.
Now, the first phase of the project has been completed, and VeChain’s blockchain solution was used to upload and search data about an LNG storage tank. This includes the quality of gas, which is usually provided by a third party company, as well as order information and pickup quantity.
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