LEADING OIL & GAS
TECHNOLOGY TRANSFORMATION WITH BLOCKCHAIN FOR ENERGY
Formally known as the OOC Blockchain Consortium, Blockchain For Energy is building a network of business partners to create industry solution frameworks and guidelines leveraging blockchain technology to maximize opportunities to reduce costs, improve timelines and eliminate disputes in any given process.
Through industry collaboration and execution of several multi-function use cases across the oil and gas value chain, we are exploring the potential of
this transformative technology. Our Technical Committees are driving industry alignment and harmonizing blockchain-related guidelines. These exploration efforts will also encompass other technologies that could supplement or complement blockchain, to enhance our overall solutions. Through these learnings, we are positioning ourselves and our members to drive optimal blockchain solutions at scale for the industry.
Access our ecosystem of industry participants
Access our expertise in deploying digitalization projects
R & D, and deployment costs
Build skills to capitalize on our industry’s new ways of working
While blockchain technology has its origins in cryptocurrency, recent years have seen a rapid growth in interest from multiple industries. As part of the digital revolution, blockchain technology is a catalyst for re-imagining the way we do business. In the oil and gas industry dozens of use cases are beginning to be identified that could take advantage of blockchain technology. Blockchain for Energy represents a collaborative effort to explore this technology’s potential and leverage learnings to drive
If your use case meets one or more of the following five key requirements, blockchain may be a solution for you.
Shared data? | More than one participant? | Transaction dependency? | Absence of trust? | Opportunity for disintermediation