6 December 2017
Disrupting the energy landscape, block by block
Will blockchain overcome the hurdles in its way to transform the industry?
There has been a tremendous buzz around the potential for blockchain to transform the energy sector. But there are still a number of uncertainties surrounding the technology and a combination of technological, regulatory and other practical challenges could stall its growth. In the latest World Energy Issues Monitor, produced by the World Energy Council, blockchain is identified asone of the most critical uncertainties within the digitalisation sphere, and is perceived by energy leaders globally to be an issue of both relatively highimpact and doubt. Blockchain technology reduces transaction costs by keeping a single logical copy of transaction records—avoiding the need for reconciliation an
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
