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Are Digital Currencies Entering the Oil Industry?

A few days ago, Dietsmann, more than 40 years old oil and gas giant from Netherlands, entered the blockchain world. They didn’t announce the news by themselves. A company named Modex introducing the launch of its blockchain-based database platform. 

Peter Kutemann, president and founder of Dietsmann, explained that blockchain will “significantly benefit the company,” opening new ways of collaborating with the company´s main clients and suppliers. He added that blockchain is one of the cutting-edge technologies that will “significantly benefit Dietsmann’s Data Lab, help them secure their information, and open new ways of collaborating with clients and suppliers.” 

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