PetroBloq merges with Hyperledger Conglomerate

Petrobloq, a subsidiary of Pertoteq Energy Inc., has recently merged with Hyperledger as one of the latest member of the conglomerate. This has been officially announced by Petroteq Energy Inc., a company dedicated to developing and implementing proprietary technologies.

According to a recent press release, a co-development arrangement between Petroteq and First Bitcoin Capital Corp. is in progress, concentrating on a management platform that involves oil and gas supply chain based on blockchain.

Hyperledger, which primarily focuses on cross-industry blockchain technology, is a conglomerate comprised of front runners from more than 180 highly respected organizations in the field of IT, banking, finance, manufacturing, supply chain, and technology.

“We are excited to be part of the Hyperledger community of industry leaders and technology experts,” Petroteq CEO Alex Blyumkin said. “As pioneers in the development of blockchain applications for the oil and gas energy, PetroBloq is excited to contribute to the Hyperledger collaboration.”

“We are pleased to welcome PetroBloq to the Hyperledger family,” said Brian Behlendorf, Hyperledger Executive Director “We are constantly seeking diverse industry and thought leaders to join our efforts to advance enterprise-grade, open source distributed ledger frameworks to support an increasing variety of critical applications.”