June 4, 2020 | Announcements, Press Releases

Toronto, CANADA; June 4, 2020 The Blockchain Research Institute (BRI) welcomes the OOC Oil and Gas Blockchain Consortium, our latest Affiliate Member. As a BRI Affiliate Member, Consortium staff, board and technical committees will receive access to the research projects conducted by the BRI.

The OOC Oil & Gas Blockchain Consortium includes 10 oil and gas member companies, Chevron, ConocoPhillips, Equinor, ExxonMobil, Hess, Marathon, Noble Energy, Pioneer Natural Resources, Repsol and Shell, that have partnered to study and define blockchain use cases across the industry value chain to solve common pain points. This growing network of oil and gas companies is leveraging blockchain technology to maximize opportunities to reduce costs, improve cycle times, and eliminate disputes, increasing trust within the ecosystem of any given industry process.

“Partnerships and the knowledge they bring are critical to promoting adoption of blockchain technologies,” said OOC Oil and Gas Blockchain Consortium Chairman Rebecca Hofmann, “and it is our hope that this collaboration will accelerate the progress of transformation for our industry.”

The Blockchain Research Institute (BRI) is an independent, global think-tank dedicated to inspiring and preparing private- and public-sector leaders to be the catalysts of the blockchain transformation. Funded by international corporations and government agencies, the BRI brings together the world’s leading thinkers to undertake ground-breaking research on the strategic implications of blockchain technology, producing practical insights to help its member organizations succeed.

“The OOC Oil and Gas Blockchain Consortium is a critical initiative for an industry in transformation.” Said BRI Executive Chairman Don Tapscott, “We’re determined to help these companies embrace this technology to survive and thrive in the new emerging marketplace.”

The Institute has 100+ research projects underway in the areas of financial services, manufacturing, retail, energy and resources, technology/media, healthcare, and government; as well as how this nascent technology is changing the way companies are managed.  To complement the research, the BRI offers a suite of services to its members, including monthly webinars, executive briefings, all-member summits, and other exclusive activities.

The Blockchain Research Institute is based in Toronto, Canada, and was founded in 2017 by Don and Alex Tapscott, the co-authors of the best-selling book Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World.

 

Media Contact:

Noah Lehman

Manager, Communications

noah@tapscott.com

 

Learn how blockchain is transforming global banking and finance in our recent article about Central Bank Digital Currencies (CBDCs) and the digital dollar. Read the article here.