By Walter Grand in Economy —

Oil giant Saudi Aramco to explore Web3

Oil giant Saudi Aramco to explore Web3
Photo by Morthy Jameson / Unsplash

Energy giant Saudi Aramco has signed a partnership with droppGroup. Together, the parties will explore and implement Web3 applications in the company's facilities.

This is not Saudi Aramco's first experience with blockchain technology. In 2021, for example, they tokenised document management. It was a joint project with nine major companies in finance, blockchain, shipping and energy.