About 16 individuals can end up pressing the paperwork expected to go a truckload of water from a well into the Bakken to a salt-water disposal web site

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

“I completely think this is successful,” she said. Her passion for Blockchain-based monitoring came to be at a seminar about making use of Blockchain in operation. That feeling ended up being provided by a number of other people and that led her to start out keeping meetings that are regular the topic. Those gatherings expanded therefore big it ultimately resulted payforpapers.net in the consortium.

While confident concerning the electronic technology, Hofmann understands that the difficult part is collecting the critical mass of support needed seriously to make this a reality that is commercial. People in the group carry plenty of fat in the market. Continue reading