Shanghai Gas announced the successful completion of the first phase of its energy blockchain project. Through the technical and service support provided by VeChain VeChain, key data in business processes such as liquefied natural gas (LNG) transportation, storage, and online transactions will be chained to break the data barriers and build an energy blockchain ecosystem in the next phase Lay a solid foundation. Both parties will gradually promote the wider role of blockchain technology in the field of LNG, helping the industry to further realize data sharing, optimize business processes, reduce operating costs, improve collaboration efficiency, and build trusted systems. The two sides stated that the epidemic is currently imminent through the use of high-tech such as blockchain to promote digital transformation of enterprises and distributed collaboration. The successful completion of the first phase of the project provided Shanghai Gas with a reliable and stable digital foundation, helped it to advance the digitalization process, effectively ensured the normal operation of the LNG sales business in special periods, and led the natural gas industry.