©2015 Bloomberg News NNY4SJ6K50YC (For Energy column alerts: SALT NRGI ) (Bloomberg) — As the oil industry tightens its belt after the worst price slump in a generation, the state-owned giants of the Middle East are taking the opposite tack. Saudi Arabian Oil Co., Abu Dhabi National Oil Co. and

Blockchain Technology is a decentralized system, and there is no need for third-party involvement, which means less money spent on intermediaries and more money saved by the end-users. Furthermore, all transactions made through Blockchain are safe, secure, and transparent, as any network member can easily see records. There is also the feature of smart contracts, which will ensure that both parties stick k with their part of the contract without any hassle.