Blockchain Startup Applied Blockchain Secures Funding From Oil Giant Shell Trading

Announcements, Investing | January 19, 2018 By:

London-based blockchain startup Applied Blockchain has secured its first funding round with investments from oil giant Shell Trading International and Calibrate Partners, both taking minority stakes in the company. The value of the investment has not been disclosed.

The investments came after the oil giant selected Applied Blockchain as the winner of a development competition for Shell’s downstream businesses.