© 2019 Oil & Gas Blockchain Consortium.

WHAT IS BLOCKCHAIN?

While blockchain technology has its origins in cryptocurrency, recent years have seen a rapid growth in interest from business across multiple industries. As part of the digital revolution, blockchain technology is a catalyst for reimagining 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. The OOC Oil & Gas Blockchain Consortium represents a collaborative effort to explore the technology’s potential and leverage learnings to drive industry adoption.

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BENEFITS OF BLOCKCHAIN
BLOCKCHAIN MAY BE THE SOLUTION IF...

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?