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Is Shell’s Latest Blockchain Venture A Gamechanger?

Is Shell’s Latest Blockchain Venture A Gamechanger? | OilPrice.com

Shell has furthered its stated commitment to cleaner electricity by investing in a U.S startup that has developed a blockchain-based platform for energy sharing. The startup, LOW3 Energy, said in a press release earlier this week that Shell Ventures and Japanese Sumitomo had made “major investments” in its platform, which “represents a landmark moment for LO3 Energy as we begin to scale our blockchain-based energy networks around the world,” according to chief executive Lawrence Orsini.