Blockchain-as-a-Service (BaaS) firm BlockApps has reportedly forged an alliance with software consulting startup Optimum, to design a blockchain-powered tool for tracking energy usage. 

Specifically, via their official announcement, BlockApps and Optimum have indirectly mentioned the “intense pressure”, generated in recent times, on the international energy sector, and thus plan to jointly work on STRATO – the cloud-agnostic blockchain platform. 

The STRATO platform functions as a flexible base layer, specialised in coming up with blockchain-based tools for different types of operations – particularly for BlockApps’ clients working in the oil and gas, manufacturing and construction industry, tackling major, unprecedented issues. 

“Verifiable, granular energy usage tracking is a mission-critical need for the energy industry and will be an essential part of any solution to improve management of future shocks in supply and demand.” The announcement further stated. 

The price of U.S. crude oil has reportedly hit the lowest point, since the past 18 years, to $20 per barrel. 

Optimum is a company working in the oil and gas sector, as well as manufacturing and construction. Optimum has been welcomed aboard the BlockApps Partner Network – a network consists of tech and services providing firms, along with blockchain specialists, to design apps and finalize integrations for STRATO.