Saudi Arabia is apparently eager to adopt blockchain technology in its oil industry “and that’s huge,” according to one of the earliest blockchain developers Nick Spanos. Speaking to Bitcoin magazine, Spanos was quite general in his remarks, saying how everyone in the Kingdom was enthusiastic about blockchain as a whole and couldn’t wait to start using it. Earlier this month, Saudi Arabia held the first blockchain-focused event in Riyadh, Decoding Blockchain KSA. Spanos went on stage together with Aramco representatives, who said that the company was trying out different use cases for blockchain, as quoted by Sputnik. The company officials also said blockchain will soon play “a huge role” in the Kingdom’s energy industry. Now, Spanos is co-founder of Zap.org, a platform that powers EnergyLedger, a supply management and smart contracts application specially developed for the oil industry. Basically, the app involves large-scale automation, tracking of every barrel produced […]