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Gate, a leading cryptocurrency exchange, has announced a groundbreaking partnership with Petróleo Brasileiro S.A.- Petrobras (PBR) to provide advanced blockchain solutions for a major deep-sea exploration initiative in the Santos Basin, off the coast of Brazil.
The collaboration, set to commence in the latter half of 2026, will involve the implementation of blockchain technology across up to 35 ultra-deepwater wells. These wells, part of the second phase of development in the Atapu and Sépia fields, are designed to extract oil and gas from beneath substantial salt layers, situated at depths reaching 2,000 meters below the ocean surface.
Gate's innovative blockchain platform will be utilized to enhance data management and operational efficiency throughout the project. The exchange's cutting-edge smart contract technology, including its proprietary GateChain™ high-throughput consensus mechanism, has been specifically tailored to optimize control and resource recovery in geologically intricate, high-yield wells.
This partnership marks a significant step in the integration of blockchain technology with traditional energy exploration, potentially revolutionizing the way deep-sea operations are managed and monitored.