Energy Giant BP Says It's Tested 'Internal' Tokens

[felixesteban]

Energy giant BP would consider partnering with blockchain startups that are doing initial coin offerings, and it's even tested tokens internally, an executive said Wednesday.

Speaking at the Blockchain Expo in London, Julian Gray, the technology director for BP's digital innovation organization, voiced a common theme: non-financial enterprises are perhaps more open to open-blockchain innovation than their financial-services counterparts.

Gray said:

    "We haven't done anything with public chains yet. But that doesn't mean we won't. We have done proof of concepts using tokens internally, transferring value."

Inside BP, he said, there's a lot of education that needs to be done. But there is a handful of people at the company, formerly known as British Petroleum, now who realize that blockchains, even the open kind, are not merely "hacker territory."

Gray said that while his own innovation department is robustly funded, he is open to working with others that have gone the ICO route. 

"Would we partner with people who are doing this stuff? Yes, I think so," he said. "Not right now, but I wouldn't be surprised if we did."

https://www.coindesk.com/energy-giant-bp-says-tested-internal-tokens/