Companies
Thursday, 7/9, 01:37 PM
A Startup Wants to Put a Barrel of Oil on the Blockchain
- A crypto venture called Energy Substantiation is issuing a token meant to represent one barrel of crude oil, letting people trade oil exposure on a blockchain around the clock.
- It is a small experiment in the fast-growing effort to 'tokenize' real-world assets, and a clear test of the idea's hardest question: a token is only ever as good as the physical claim behind it.