ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

TMX Group To Test Natural Gas Transmission With Blockchain-Based Prototype




TMX Group has partnered with Nuco to create a prototype for natural gas tracking.

On May 24, 2017, TMX Group announced the development of a blockchain-based prototype that enables the transfer of natural gas. The project was the result of a partnership between Natural Gas Exchange (NGX), TMX’s wholly-owned subsidiary and a leading North American energy exchange, and Nuco Inc., a digital infrastructure provider.

Steve Lappin, NGX President and CEO, stated, "This exciting new prototype is designed to more accurately and efficiently track activity and provide clients with valuable analytics on natural gas movements, while preserving the confidentiality and integrity of the data." He further elaborated, "NGX is committed to seeking out new ways to improve the client experience throughout the transaction delivery and settlement process, from production to end user, to drive growth in our business."

The prototype seeks to improve the tracking of natural gas flow from a variety of delivery locations within the United States. As a result, the NGX natural gas settlement process will be optimized and streamlined as clients will be able to track gas movement across different locations and submit more accurate reports. These features enable the prototype to enhance delivery and payment processing, mitigate risks, and provide secure transaction data.

Shane Quinn, Senior Manager of Communications and Public Affairs at TMX, told ETHNews that the developers experimented with a number of blockchain protocols for the prototype, but the latest implementation is deployed on the Ethereum blockchain.

“In our overall innovation strategy, TMX is taking a diversified approach and examining multiple platforms. In the use cases that we have explored to this point, we have used Hyperledger (Liquidity AllianceVoting proxy prototype) and Ethereum (today's announced energy prototype).”

Quinn also explained why TMX partnered with the newly formed blockchain startup Nuco:

“TMX is new to this realm. We chose to work with Nuco because they are a creative, ambitious young company with the necessary agility to quickly develop and deliver effective prototypes.”

Dan Cummings

Dan is a Los Angeles-based musician, writer, and veteran passionate about science and technology, current events, human rights, economic impacts, and strategic calculus.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest TMX Group, Natural Gas Transmission or other Ethereum application news.