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About 16 individuals can wind up touching the documents needed to go a truckload of water from a well within the Bakken up to a salt-water disposal web web web site

About 16 individuals can wind up touching the documents needed to go a truckload of water from a well within the Bakken up to a salt-water disposal web web web site

Rebecca Hofmann hopes to slash that total to zero as chairman for the gas and oil Blockchain Consortium. The industry that is 10-member, including her boss Equinor, are going to be pilot testing a method built to automate tracking, cost accounting, and re payments for oilfield deliveries.

“I totally think this is successful,” she said. Her passion for Blockchain-based monitoring came to be at a seminar about utilizing Blockchain running a business. That feeling had been provided by a number of other people and that led her to begin keeping regular conferences on the niche. Those gatherings expanded therefore large it fundamentally generated the consortium.

While confident concerning the electronic technology, Hofmann understands that the difficult component is collecting the critical mass of help had a need to make this a reality that is commercial. People in the combined group carry plenty of fat on the market. They consist of supermajors—Chevron, ExxonMobil, and Shell—as well as many big businesses, including ConocoPhillips, Hess, Marathon, Noble Energy, Pioneer Natural Resources, and Repsol Natural Resources.

As soon as the pilot that is equinor-led starts, it’ll need in order to make an incident for modification. “There are nine other operators watching our every move,” she stated. Read more

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