Pioneer Solutions Launches Blockchain Technology Pilot

Pioneer Solutions, a leading provider of commodity/energy trading and risk management solutions, announced today that it has launched a blockchain technology pilot project. The project aims to demonstrate Pioneer’s flagship C/ETRM software platform, TRMTracker’s, ability to integrate with blockchain technology. DENVER (PRWEB) JUNE 18, 2019 Pioneer Solutions, a leading provider of commodity/energy trading and risk management solutions, announced today that it has launched a blockchain technology pilot project. The project aims to demonstrate Pioneer’s flagship C/ETRM software platform, TRMTracker’s, ability to integrate with blockchain technology. Blockchain will change the way people think about exchanging value and assets, enforcing contracts, and sharing data. As part of the quickly evolving digital solutions, blockchain technology is still in the relatively early stages of development. Yet, true to its name, Pioneer recognizes the potential benefits of blockchain such as streamlined deal capture, confirmation and real-time settlement, improved liquidity, traceability and increased transparency. The distributed nature of blockchain technology also makes ETRM solution a single ledger that needs to aggregate exposures from various sources. Pioneer created a peer to peer (P2P) smart contract for trading that utilizes a decentralized network architecture on Microsoft Azure. Data is stored in sequential blocks that make up part of… continue reading

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