What if someone figured out how to use blockchain technology to revolutionize the oil and gas industry? What would that look like, I wonder.
It all started with an old friend of mine, now a senior official in the oil and gas industry, approached me after reading one of my recent Forbes articles on the blockchain. He mentioned how he was intrigued by my opinion into this emerging field but also felt it had tremendous potential for his sector, which is at once both highly complex yet still critically important to human life as we know it — oil and gas.
Blockchain has moved past its status as a niche technology and is now being looked at as one that can transform many traditional industries by bringing digital automation, security and potentially large cost savings. Shareholders have been pushing oil and gas businesses to cut expenses while increasing earnings, putting them under pressure. Blockchain can help the oil and gas supply chain by automating numerous procedures and providing greater transparency.
Continue reading:
https://www.forbes.com/sites/forbesbusinesscouncil/2021/09/27/where-blockchain-technology-can-disrupt-the-oil-and-gas-industry/?sh=726691ff14ab
It all started with an old friend of mine, now a senior official in the oil and gas industry, approached me after reading one of my recent Forbes articles on the blockchain. He mentioned how he was intrigued by my opinion into this emerging field but also felt it had tremendous potential for his sector, which is at once both highly complex yet still critically important to human life as we know it — oil and gas.
Blockchain has moved past its status as a niche technology and is now being looked at as one that can transform many traditional industries by bringing digital automation, security and potentially large cost savings. Shareholders have been pushing oil and gas businesses to cut expenses while increasing earnings, putting them under pressure. Blockchain can help the oil and gas supply chain by automating numerous procedures and providing greater transparency.
Continue reading:
https://www.forbes.com/sites/forbesbusinesscouncil/2021/09/27/where-blockchain-technology-can-disrupt-the-oil-and-gas-industry/?sh=726691ff14ab
