04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
Blockchain technology has experienced relatively slow adoption outside the cryptocurrency space. Blockchain is a distributed ledger that is an ideal method for maintaining collective data integrity. Entries on the chain are theoretically immutable, and the approach is bound to experience wider adoption as the technology evolves, and as platforms offer greater performance.
While the technology may not be ready for primetime, the concept is appealing to a wide range of industries. For banking or medical sectors to replace existing database applications, which are reliable and offer fast transaction time, performance will need to increase substantially. The Bitcoin (BTC) chain can take as much as an hour to clear a transaction. Alternatives, like Ethereum are faster, but not fast enough. There are dozens of blockchains. In today’s world, response time will need to be seconds, not minutes. What is the impetus for…