Yesterday Blockchain for Energy (B4E) announced the launch of its logistics solution. The oil and gas extraction consortium has 13 members. Since it launched its own blockchain network in February, Saudi Aramco and EQT have joined. Other members include Chevron, ConocoPhillips, ExxonMobil and Repsol.
The new logistics offering – the Commodity Transport Web3 Field Automation solution – automates much of the transport process, reducing manual validation, slow communication and discrepancies.
Hence, deliveries are validated using the consortium blockchain and the data is available for viewing immediately. It’s flexible enough to support various types of commodities and requirements in different regions.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
