Today seven major oil and gas companies
announced a new U.S. blockchain consortium. The group is part of the Offshore Operators Committee (OOC). The founding board members are Chevron, ConocoPhillips, Equinor, ExxonMobil, Hess, Pioneer Natural Resources and Repsol. Additionally, Marathon Oil and Noble Energy are participants but not on the initial board.
Equinor and Chevron are also members of
VAKT the blockchain post-trade company incorporated in the United Kingdom. The focus of the new U.S. consortium is on processes relating to extraction. The OOC blockchain consortium plans to run Proofs of Concepts (PoC) this year.
“Creating the OOC Oil & Gas Blockchain Consortium is a significant step toward establishing key blockchain standards, frameworks and capabilities for the oil and gas industry,” said Rebecca Hofmann, chairman of the board of directors.
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