BLOCKCHAIN for Energy - Learnings from Oil and Gas Industry Applications
Panel Leader - Mr. Dason Wells, from IBM’s Natural Resources Solution Centre discussing Energy Contract Settlement using Blockchain (ATB)
The energy industry is not only one of the largest industries in the world; it is also one of the most complex. The processes of exploration, drilling and completions, transportation and energy trade involve thousands of companies from international supermajors to one-person operations tied together in complicated supply chains. It demands elaborate networks to take the hydrocarbon molecules from reservoir to consumer. It is one of the world’s most regulated industries entailing detailed production and transportation monitoring, environmental and safety directives, and royalty and tax settlements. Blockchain, the distributed digital ledger, offers a means to simplify and increase the efficiency of virtually all those processes. A significant aspect of Blockchain is Automated Smart Contracts that promote touchless interactions across process chains which are of particular interest to Joint Venture, Land , Legal and Accounting professionals alike. Join us for a panel of Industry representatives discussing BLOCKCHAIN For Energy.
Panel Member - Mr. James Graham, Guild One- Speaking on Royalty Ledger utilization of Blockchain to pay Royalty Partners in the Oil and Gas Industry
Panel Member - Mr. Richard Stobbe, Field Law - Speaking on Smart Contracts as Programmatically Executable Transactions and Blockchain