Seven Ways Blockchain Can Revamp The Oil And Gas Industry
Blockchain, the underlying technology behind the sensational Bitcoin, could profoundly impact the Oil and Gas industry by cutting down on operational time and costs while also introducing more transparency to the industry. The technology recently garnered headlines when a group of seven oil companies, including American giants like ExxonMobil and Chevron, agreed to form the first industry blockchain consortium, according to a press release. The consortium aims to explore the potential benefits that blockchain technology can deliver to the space.
This article will explore the potential use-cases and benefits blockchain technology could deliver to the Oil and Gas industry, while also mentioning the market trends.
Read the full article at: https://zycrypto.com/seven-ways-blockchain-can-revamp-the-oil-and-gas-industry/