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Oil & Gas Technical Compendium

Consortium of oil & gas operators awards blockchain pilot contract

HOUSTON - The Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded Data Gumbo its first contract to implement a pilot blockchain in water haulage. This pilot is the first industry-wide use of a blockchain-native network for water haulage, and the consortium will tap the power of GumboNet for real-time data transparency and accuracy, and automation of contract payments. The pilot is being conducted in the Bakken shale.“Blockchain is a promising instrument for industry collaboration in oil & gas benefiting all connected parties. This pilot with Data Gumbo is a significant step towards our goal of proving non-manned volume validations can trigger automated payments to vendors,” said Rebecca Hofmann, chairman of the OO.....

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