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Enterprise Blockchain Streamlines O&G Market Transactions
Oil & Gas (O&G) well operators can greatly improve operational efficiencies across the full value chain by streamlining their royalty payment and Joint Interest Billings ("JIB") processes. The current approach to maintaining high levels of O&G production data, tracking & disseminating information can be paper-driven, labor intensive, and result in multiple friction points and high processing costs.
Blockchain technologies streamlining transactions is viewed as a game changer that can enhance efficiencies, drive profitability, and unlock new value from oil & gas resources by eliminating time-consuming and labor-intensive processes. NuArca, voted as IBM’s New Partner of the Year 2019, has pioneered the PipelineDL™ Distributed Ledger platform.
Specific topics will include:
What is PipelineDL™ and what specific functions does it perform? What is its ecosystem? What are its limitations? What is the level of transaction security?
What value does blockchain technology add to the data collection, royalty payment, and expense processes? Why is a distributed, shared ledger important?
How does PipelineDL™ streamline the O&G back office functions?
What advantages accrue to the well operators? Other stakeholders?
Learn how PipelineDL™ is an alternative to accessing production revenue and expense data