Blockchain Yields Strong Potential in Global Supply Chain Management

Investors looking to diversify their portfolios and gain access to the multi-billion-dollar global blockchain industry should have some exciting options as 2018 progresses, particularly when it comes to the $13 billion global supply chain management (SCM) market. The immutable, distributed ledger technology known as blockchain can deliver numerous SCM efficiencies that could revolutionize logistics for a variety of sectors, including oil and gas. Petroteq Energy, Inc. (TSX.V: PQE) (OTCQX: PQEFF) (PQEFF Profile) has already envisioned this future of networked intelligent devices, and has initiated the development of the oil and gas industry’s first dedicated blockchain-based based SCM platform, PetroBloq. Investors can also look to diversification into this burgeoning new space via first-movers like oil and gas giant BP (NYSE: BP), and tech companies like IBM (NYSE: IBM), Advanced Micro Devices (NASDAQ: AMD) and Eastman Kodak (NYSE: KODK).