Andrew Bruce, CEO, Data Gumbo, discusses their new oil and gas industry service and contract that involves Blockchain and the Bakken oil fields. The Bakken program is a pilot program contracted from a consortium of major energy companies involving water use in shale plays. Bruce discusses the pros, cons, issues and solutions of Blockchain, including an estimate of $3.7B annual savings for the oil water sector and business.
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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