Consortium in the News 


Embracing Blockchain Ecosystems: The Cultural Shift

(CIO Review) -- Blockchain is more than a technology, it is providing a venue to culturally change how we work with our partners, suppliers, vendors and regulatory agencies to improve efficiency and profitability. Due to impending digital revolution, we know the way we do business is changing and managing that change within our companies is not easy. Blockchain, working in conjunction with other technologies, is an enabler to help with acceptance of the digital transformation companies are going through.



Testing a System Where Machines Decide How Much to Pay a Trucker and Send a Check" by the Journal of Petroleum Technology

(Journal of Petroleum Engineers) -- About 16 people can end up touching the paperwork required to move a truckload of water from a well in the Bakken to a salt-water disposal site.

Rebecca Hofmann hopes to slash that total to zero as chairman of the Oil and Gas Blockchain Consortium. The 10-member industry group, including her employer Equinor, will be pilot testing a system built to automate tracking, cost accounting, and payments for oilfield shipments.



GuildOne Awarded AFE Balloting Contract by 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).




OOC Oil & Gas Blockchain Consortium Awards Data Gumbo First Contract 

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.


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Blockchain, the Real Benefit Behind the Technology

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.


Shaking Hands


U.S. Blockchain Consortium Launches to Lead Blockchain Adoption in the Oil and Gas Industry

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.


© 2019 Oil & Gas Blockchain Consortium.