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Oil, Natural Gas, and Blockchain
Mohamed El-Masri
File Type: Document, Infographic
https://www.blockchainresearchinstitute.org/project/oil-natural-gas-and-blockchain/
Jun 19, 2020 - In this case study, the founder and CEO of a blockchain start-up explains his company’s vision for the future of the energy industry, changing how exploration and production companies raise capital and how investors and consumers participate in energy markets. The solution consists of a Hyperledger Fabric blockchain explorer, decentralized cloud storage, and an Ethereum-based platform that supports two ERC-20 tokens—one a security token and the other a utility token—plus an idea for powering bitcoin mining rigs that could provide an upstream source of revenue for oil and gas operators. It’s the kind of fresh thinking that this industr...
Keyword: Brox Energy Holdings, BTL, Enerchain, energy & resources, OneOffice, OOC Oil and Gas Blockchain Consortium, S&P Global Platts, SDG 12, SDG 7, Sinochem Group, smart offtake agreement, Vakt
Blockchain Revolution in the Oil and Gas Industry
Douglas Heintzman
File Type: Document
https://www.blockchainresearchinstitute.org/project/blockchain-revolution-in-the-oil-and-gas-industry/
May 31, 2022 - This project shows how blockchain innovators in oil and gas are reimagining the energy industry from exploration and discovery to asset retirement and environmental renewal. It highlights use cases for tracking carbon and trading carbon credits (e.g., Guild One’s Energy Blockchain Exchange), coordinating contracts among multiple partners, assuring land and royalty rights, digitizing oil and gas post-trade settlement (e.g, Quorum-based Vakt for commodity trading post processing), streamlining and automating compliance, monitoring operations, maintenance, and inspections, all the while transitioning to a sustainable future.
Keyword: BlockApps, carbon credits, Cardano, Colonial Pipeline, composability, digital assets, Equinor, GuildOne, GumboNet, Hedera Hashgraph, Komgo SA, Polkadot, SDG 7, Solana, Vakt, Web 3
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