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About 16 individuals can find yourself pressing the documents expected to go a truckload of water from a well into the Bakken to a salt-water disposal web web site

About 16 individuals can find yourself pressing the documents expected to go a truckload of water from a well into the Bakken to a salt-water disposal web web site

Rebecca Hofmann hopes to slash that total to zero as chairman regarding the gas and oil Blockchain Consortium. The industry that is 10-member, including her company Equinor, are going to be pilot testing a method built to automate tracking, cost accounting, and re payments for oilfield deliveries.

“I completely think this is successful,” she said. Her passion for Blockchain-based tracking came to be at a seminar about utilizing Blockchain running a business. That feeling ended up being provided by a number of other people and that led her to start out keeping regular meetings on the niche. Those gatherings expanded therefore large it ultimately resulted in the consortium.

While confident concerning the electronic technology, Hofmann acknowledges that the difficult component is collecting the critical mass of help had a need to make this a reality that is commercial. People of the combined group carry plenty of fat in the market. They include supermajors—Chevron, ExxonMobil, and Shell—as well as some other big businesses, including ConocoPhillips, Hess, Marathon, Noble Energy, Pioneer Natural Resources, and Repsol Natural Resources. Continue reading About 16 individuals can find yourself pressing the documents expected to go a truckload of water from a well into the Bakken to a salt-water disposal web web site