ING, SocGen to test LNG trading with blockchain in months

By LNG World News The logo of the French bank Societe Generale is seen in front of the bank’s headquarters building at La Defense business and financial district in Courbevoie near Paris, France, April 21, 2016. REUTERS/Gonzalo Fuentes/File PhotoBy Karolin Schaps, Christoph Steitz and Vera Eckert
LONDON/FRANKFURT (Reuters) – Banks ING and Societe Generale are in talks with traders to test liquefied natural gas (LNG) trading based on blockchain, the technology starting to shake up the traditional energy industry.
Blockchain, which originates from digital currency bitcoin, works as an electronic transaction-processing and record-keeping system that allows all parties to track information through a secure network, with

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