SAUDI A AMCO

DHAHRAN, SAUDI ARABIA

In 2019, Aramco invested $6 million into Data Gumbo, which has built a blockchain platform that aims to integrate thousands of sensors at oilfields and refineries, the better to verify asset performance and reconcile smart contracts with Aramco’s vendors. Last year, Saudi Aramco Energy Ventures invested $5 million in Vakt, a blockchain platform for trading cargoes of oil and petroleum products.

BLOCKCHAIN PLATFORMS: Ethereum, Hyperledger