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What is shell doing with blockchain?

To create new business opportunities and form new ecosystems based on blockchain, Shell is actively working with, or investing in, start-ups and emerging companies, participating in industry consortia, and establishing joint ventures.

What is blockchain and how does it work?

Blockchain is best known to most people as the technology that underpins cryptocurrencies like Bitcoin. The simplest way to think of it is that it’s essentially a relatively new form of database format. Blockchains have two key features that make them different from other databases.

Can blockchain help accelerate the energy transition?

Blockchain-based technology could also help accelerate the energy transition. Shell, Accenture and American Express Global Business Travel (Amex GBT) are jointly launching the largest SAF book-and-claim pilot at launch, offering around 1 million gallons of SAF.

What is blockchain-powered book-and-claim system Avelia?

The product is Avelia – one of the first blockchain-powered book-and-claim system which will offer around one million gallons of sustainable aviation fuel (SAF) and associated environmental benefits to corporates looking to reduce emissions from their business travel. Currently, there is insufficient SAF available at an affordable price.

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