WHAT IS BLOCKCHAIN?
FUTURE USE CASES
June 21, 2020
Need Cost Cutting and Distancing? There's a Technology for That
Journal of Petroleum Technology,
by Stephen Rassenfoss, JPT Emerging Technology Editor--
A deliberate industry testing program looking for a system that digitally monitors and manages oilfield payments has been accelerated since COVID-19 forced oil companies to find ways to rapidly reduce costs and human contact.
Rather than having people measure, deliver, approve, scan, calculate, audit, and argue over payments, an industry consortium, the OOC Oil & Gas Blockchain Consortium, tested and automated a system.