Blockchain Early Adoption in Oil Industry - Risks and Rewards

Blockchain Early Adoption in Oil Industry – Risks and Rewards


Following the financial crisis of 2008, Satoshi Nakamoto came up with a revolutionary concept of decentralized money or cryptocurrency, bitcoin with the underlying technology of Blockchain. Since then, Blockchain is continuously improving and is striving to find a better application experience. Blockchain, the foundation of cryptocurrency Bitcoin, is a distributed network…

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Author Profile

Amandeep Kaur works as a Financial Accounting professional at ScanOleum an oil and gas startup company focused on Oil and Gas trading, Drilling Services and Marketing Oil and Gas equipment. She dedicates a significant time in monitoring Oil and Gas markets, identifying opportunities as well as managing risks and compliance. She has a keen interest in writing about Oil Markets, M&A activities in the Oil Industry, and Advanced Technologies to help oil and gas businesses. She has an MBA in Finance and Marketing from the University of Delaware.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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