Modex, the blockchain firm is launching its Blockchain Database platform to facilitate blockchain adoption. The major oil and gas company Dietsmann is piloting this new platform of Modex.

Modex’s Blockchain Database platform (Modex BCDB) streamlines blockchain deployment in various sectors. Instead of days or months, this platform can help companies begin blockchain projects within a few hours. It is designed in order to reduce the high barriers in the way of blockchain deployment. Dietsmann is one of its first kind to pilot Modex BCDB in its industry. It will enable the firm to work on a private blockchain with a low cost during a short time period. Nevertheless, it will offer the same efficiency and reduce the efforts of the technical team. This blockchain deployment will also offer the company a new ground to develop new relationships with clients and suppliers.

There are various other oil and gas sectors who are testing out their luck with the blockchain technology. BHP, a metal and oil mining company, made successful testing of a blockchain experiment in collaboration with NYK, a Japanese shipping company. This experiment was to test the efficient tracking of biofuel using blockchain technology. In March, seven utility companies signed a partnership agreement to form Oil & Gas Blockchain Consortium. This association enables conduct proofs of concept for exploring the potentials of blockchain and promotes the global adoption of the technology says the source.