blockchain

Having blockchain on an oil rig means everyone on the job shares a view of a project from start to finish. This could facilitate innovations that cut costs, but organizational change is required.

Blockchain is a reliable, difficult to hack record of transactions and of who owns what. Oil and gas companies expect blockchain energy trading platforms to improve reliability and efficiency.

Energy companies are looking to distributed ledger technology—otherwise known as blockchain—to help navigate the complex transactional systems that make up their operations. What is blockchain, and what makes it valuable to our industry?