• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-10

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02
  • Market Cap
  • Shop
Crypto Semantic
Home»Blockchain»India state refiner HPCL uses blockchain to verify purchase orders
Blockchain

India state refiner HPCL uses blockchain to verify purchase orders

2023-10-19Updated:2023-10-21No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

India’s state-run refiner Hindustan Petroleum (HPCL), one in every of India’s largest oil and gasoline corporations, is launching a blockchain system to allow automated verification of buy orders (POs).

HPCL has partnered with the blockchain software program agency Zupple Labs to combine its blockchain-based digital credentialing expertise into the acquisition order system, the companies mentioned in a joint announcement.

Known as LegitDoc, Zupple Labs’ verification tech allows HPCL to concern digital POs to its distributors with out having to manually confirm the PO requests. From a third-party verifier’s perspective, the mission offers a facility to straight confirm the validity of POs in an automatic approach on the HPCL web site.

“The implementation helps to automate the verification of HPCL POs to exterior events,” a spokesperson for HPCL advised Cointelegraph. “This works by integrating the blockchain system with HPCL’s inner e-PO and generates tamper-evident verifiable POs,” the consultant famous, including:

“These POs might be dispatched to distributors which in flip might be shared with third events. Any third-party verifier can straight confirm these POs on the HPCL vendor portal verification software.”

In accordance with the HPCL spokesperson, the corporate has been collaborating with Zupple Labs on the blockchain mission over the previous six months. “HPCL has accomplished constructing the blockchain PO system efficiently and the identical facility might be made official to the distributors inside this month,” the consultant said.

Associated: Argentinian oil firm to start out mining crypto with gasoline energy leftovers

The spokesperson mentioned that HPCL has applied the blockchain-based PO system on each non-public blockchain and public blockchain.

See also  What are open-source protocols, and how do they work?

In accordance with Zupple Labs co-founder and enterprise lead Neil Martis, the PO verification system has concerned the implementation of “two parallel blockchains” used as settlement layers, together with the general public Close to blockchain and the non-public Hyperledger Material blockchain. Martis famous that the latter was used as a part of HPCL’s Enterprise Continuity and Catastrophe Restoration technique. In accordance with Zupple Labs, HPCL issued 3,000 POs through the ability as of mid-October 2023.

Journal: The Fact Behind Cuba’s Bitcoin Revolution: An on-the-ground report

Source link

Blockchain HPCL India orders Purchase refiner State verify
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

What is a Layer-1 (L1) Blockchain? L1 Problems & Future

2025-05-03

What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

2025-05-02
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Uncategorized

Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius

2023-03-03

The provision of wrapped Bitcoin (wBTC) dropped to its lowest since Could 2021 after the…

Bitcoin

Bitcoin: Read this before you plan to HODL or sell for profits

2024-03-02

Bitcoin futures open curiosity is at its highest stage ever. The coin’s alternate reserve has…

Regulation

SEC Accuses Binance of Offering ‘Extremely Limited Information’ in the Regulator’s Lawsuit Discovery Proceedings

2023-09-15

The U.S. Securities and Alternate Fee (SEC) is accusing Binance of holding again info throughout…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Life Beyond aspires to become a ‘Triple-A’ metaverse

2023-07-01

Unlock the Beat with Gala Music’s Limited Edition Future Box

2024-05-23

Chinese State Media Warns Corrupt Officials May Be Using Cold Storage Crypto To Avoid Investigation: Report

2024-01-03

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,064.000.86%
  • ethereumEthereum(ETH)$2,545.548.67%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.412.26%
  • binancecoinBNB(BNB)$666.581.24%
  • solanaSolana(SOL)$176.843.76%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,064.000.86%
  • ethereumEthereum(ETH)$2,545.548.67%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.412.26%
  • binancecoinBNB(BNB)$666.581.24%
  • solanaSolana(SOL)$176.843.76%
  • usd-coinUSDC(USDC)$1.00-0.01%
bitcoin
Bitcoin (BTC) $ 104,179.91
ethereum
Ethereum (ETH) $ 2,544.07
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.41
bnb
BNB (BNB) $ 665.84
solana
Solana (SOL) $ 177.28
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.241249
cardano
Cardano (ADA) $ 0.819458
tron
TRON (TRX) $ 0.267439
bitcoin
Bitcoin (BTC) $ 104,179.91
ethereum
Ethereum (ETH) $ 2,544.07
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.41
bnb
BNB (BNB) $ 665.84
solana
Solana (SOL) $ 177.28
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.241249
cardano
Cardano (ADA) $ 0.819458
tron
TRON (TRX) $ 0.267439