Blockchain the Disruptive Force of the 21st Century
The oil and gas industry is a global and complex sector, governed by diverse regulations. This implies that simplification and improvements to paperwork and processes is a business imperative for global product movement.
It is essential, therefore, that chief information officers (CIOs) and business leaders understand the role that blockchain can play. Blockchain technology in the energy sector inspires confidence, but it is impossible to overhaul the industry completely. As a result, deploying small but significant changes to improve efficiency in the global, oil business is the way ahead, and this requires support from multiple stakeholders.