Oil and Gas Transformation with Blockchain Technology
Building a network of business partners to create industry solution frameworks and guidelines leveraging blockchain technology to maximize opportunities to reduce costs, increase timeliness and eliminate disputes in any given process.
“Blockchain is an emerging technology that gives us the potential to reimagine how we work across our industry today.”
Chairman, OOC Oil & Gas Blockchain Consortium
CALGARY, Alberta, Sept. 18, 2019 (GLOBE NEWSWIRE) -- Calgary-based GuildOne Inc. (GuildOne) has been awarded a contract from the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium to deploy and demonstrate a proof-of-concept (PoC) blockchain solution for authorization for expenditure (AFE) balloting. AFE balloting is a commonly used tool for garnering approval and participation in capital projects that are governed by joint operating agreements (JOA).
HOUSTON--(BUSINESS WIRE)--Data Gumbo Corp., a Houston-based technology company that has developed the blockchain-as-a-service (BaaS) platform GumboNet™ to streamline smart contracts for oil & gas, today announced that the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded the company its first contract to implement a pilot blockchain in water haulage.
HOUSTON--(CIO APPLICATIONS)--Rebecca Hofmann-- Blockchain technology has been around for over ten years, looking beyond Bitcoin, companies are wondering could this technology be the answer to creating a more seamless and integrated way of doing business.
HOUSTON--(BUSINESS WIRE)-- A group of oil and gas companies have partnered to establish the first industry blockchain consortium in the United States. With several use cases across the industry value chain, the consortium, residing under the Offshore Operators Committee (OOC), intends to conduct proofs of concept with this emerging technology in 2019.
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