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Blockchain’s Future in Oil and Gas

12/08/2017
Blockchain’s Future in Oil and Gas

Oil and gas companies could derive many benefits from blockchain technology, from enhancing efficiency and transparency to more securely storing and managing data.

The oil and gas industry is no stranger to technological innovation in field operations. Hydraulic fracturing, 3-D seismic mapping, and other operational innovations are hallmarks of its growth. However, technology that improves and refines back-office functions has lagged. Companies have generally been slow to incorporate new digital technologies into trading, supply chain, procurement, and finance.

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