Leveraging Emerging Technologies to Reduce Costs & Increase Market Liquidity
The Oil & Gas industry is prime for leveraging emerging technologies such as Blockchain & IoT. We are now capable and in the process of offering the Oil & Gas industry, from Upstream to Downstream, the ability to develop a new ecosystem which provides value through real time immutable transparency. As with many Blockchain use cases, this value, offers the supply chain and its consumers an apparatus which exposes prices thereby decreasing trade inefficiencies and the ability to settle these transactions and payments in real time.
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Oil & Gas Blockchain Use Cases
Monitoring the Pipeline
Record critical contract and accounting data to the Blockchain via IoT sensing devices from either your Processing Plant Equipment or Pipelines. Smart contracts deployed in the Blockchain can then execute multiple sequential transactions in an automated fashion furthering interaction with other smart devices and/or back offices saving time and money.
Refining More Than Oil
Moving and trading refined energy products in today’s market is becoming more outdated and costly by the day. Reducing the redundancy in paperwork and business processes requires that people and businesses trust that the documentation they produce cannot be changed or tampered with once distributed. Blockchain or Distributed Ledger Technology provides this trust through an immutability and is by default shared for the appropriate participants to gain access.
MODERN CLOUD SOLUTIONS
Public Blockchains We Use
PRIVATE & CONSORTIUM BLOCKCHAINS WE USE
Envision Blockchain Solutions builds applications for the Web3 space. Our mission is to reshape and align today's systems allowing organizations to recognize the new value in tomorrow's Industry Vertical Solutions. The management team has years of Fortune 500 experience and has built a team of subject matter experts in Web3 and Business Transformation Processes. We focus on guiding organizations through 3 major milestones on their Web3 journey: Use Case Analysis, Proof of Concept Development, and Scaled Deployments.
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