Blockchain Start-Up in UK Gets Investment

A new three-year tech partnership has been formed with Stena Drilling and UK Cambridge-based SmartChainServices (SCS) which is a new blockchain start-up company.

The idea is for the companies to collectively develop energy sector smart contract solutions.

Colin Dawson of Stena Drilling, stated “We have a unique vantage point for this technology development as we continue to advance our own digital transformation. The sector faces tighter scrutiny around ESG from investors and society as the energy transition takes hold, and smart contract solutions offer a transparent way to demonstrate impact via tracking Scope 1 emissions at the rig, for example.”