LEADING TECHNOLOGY TRANSFORMATION WITH BLOCKCHAIN FOR ENERGY

Through industry collaboration and market innovation, Blockchain For Energy is reinventing the oil and gas industry’s workflow process by building a forward-thinking community that creates inventive ways of leveraging blockchain technology to maximize efficiencies, reduce costs, improve timelines, and drive industry transformation through collective synergies.

Through industry collaboration and execution of several multi-function use cases across the oil and gas value chain, we are identifying, testing, and piloting use cases that prove value generation from combining blockchain with innovative technologies within the oil and gas industry. Through these cases, we are positioning ourselves and our members to drive optimal blockchain solutions at scale for the industry.

STATUS UPDATE

2

APPLICATIONS

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Built and ready
for use

6

USE CASES

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Currently in design/ build/production

60+

PARTICIPANTS

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Engaged with the Consortium

Blockchain technology has dramatically transformed the way we do business. The energy industry is currently facing burdensome administrative barriers, sustained lack of business innovation, and inefficient processes that stifle progress and increase the cost of doing business. Blockchain for Energy is a collaborative effort to explore this technology’s potential by leveraging learnings to drive industry adoption and promote opportunities to optimize costs, increase efficiencies, and unlock new business paradigms that will transform the future of the energy industry.

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We are solely focused on energy industry solutions and are agnostic and open to all vendors and platforms. We believe technology is still evolving; therefore, we build the future together for us, and by us.  

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If your use case meets one or more of the following five key elements,
blockchain may be a solution for you:

Shared data  |  More than one participant  |  Transaction dependency
Absence of trust  |  Opportunity for disintermediation

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