In Argentina, the fuel company YPF (Fiscal Petroleum Deposits) announced that will integrate blockchain technology. They did so, through the official LinkedIn account. In the announcement they explained that YPF is now part of the Argentina Federal Blockchain platform (BFA).
In addition, they justified the initiative by saying that the decision to incorporate block chain technology is for “continue integrating services and applications”.
Argentina Federal Blockchain
As explained on their official website, Blockchain Federal Argentina is an open and participatory multiservice platform designed to integrate services and applications on blockchain.
They also indicate that It is an auditable blockchain that allows to optimize processes and works as an empowerment tool for the entire community.
“Blockchain Federal Argentina was conceived within a collaborative workspace, and aims to reproduce this pattern as the backbone of the platform.“, they pointed out on the official website, where they also mention that, due to the structure, this blockchain does not incorporate cryptocurrencies.
“Designed to be empowered through the contributions of public, private, academic and civil society sectors, BFA opts for a strategy where the participation of the entire community is essential, from organizational engineering to infrastructure deployment.“, they later added.
It may interest you:
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.