Blockchain in Bakken “North Dakota” oilfield

In a bid to lower administrative costs in their field operations while also reducing payment disputes and chances for fraud,
The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp, ConocoPhillips, Exxon Mobil Corp, Equinor and Royal Dutch Shell, among others, has awarded a contract to Data Gumbo to pilot the technology for water handling services in the Bakken shale field in North Dakota.  READ MORE – www.reuters.com

How will this change things in North Dakota? By allowing companies to share information and create contracts easily and securely, saving time, money and resources.