United Kingdom, March 1, 2021 /AlexaBlockchain/ – The shares of UK based Wildcat Petroleum (LO: WCAT) has jumped 28% or 0.35p to 1.6p (at 10:15 am GMT) after the announcement of company appointing blockchain expert Professor Olinga Taeed as a blockchain advisor with immediate effect.
Incorporated in early 2020, wildcat Petroleum describes itself as targeting investment opportunities in the upstream sector of the petroleum industry – namely exploration, appraisal, development and production of oil and gas. The company specifically mentions the use of Blockchain technology as a differentiator to ‘changing the way oil assets are monetized’.
The company said: “[Professor Taeed} was the first person to achieve a professorship in blockchain when he was appointed to the position at Birmingham City University in 2018. He is also currently an advisor to the Chinese government, the largest and most developed blockchain market in the world, with a Digital Yuan currently being piloted.”
The company is also exploring role of cryptos in Oil and Gas industry. Mandhir Singh, chairman of Wildcat, said:
“[Professor Taeed’s] extensive experience of the regulatory and technical issues surrounding the launch of new cryptocurrencies will be invaluable as we seek to transform the way the Oil & Gas industry transacts.
“We believe that many of the oil producing Gulf States are looking to diversify their economies and have an interest in blockchain technology, particularly in its applications towards current global sustainability and climate change agendas. Professor Taeed has advised a number of these states on the use of this technology, and his contacts in the region could also prove useful to Wildcat and its growth ambitions.”
Related Link: https://www.wildcatpetroleum.co.uk/
