Unlocking the Potential of Blockchain in the Oil and Gas Industry

Blockchain technology has already made its impact on financial services. It now presents several significant opportunities in the oil and gas industry . Oil and gas companies with heavy transportation expenditure occurring from processes like freight audit and payment can drive substantial savings with blockchain.

Essentially, petroleum companies process thousands of freight transactions each day. However, reconciling freight invoicing against services with appropriate remittances proves to be laborious and costly for them.

 

Read Full Article: Unlocking the Potential of Blockchain in the Oil and Gas Industry .

Oodles Blockchain services

Oodles’ Blockchain is a blockchain service provider helping businesses grow in the world of this new era of inventions. Our aim is to deliver innovative and end-to-end customized blockchain solutions in almost every blockchain domain from retail businesses to healthcare providers, B2B companies, financial institutions and blockchain and cryptocurrency startups. We are best known for building faster and risk-free applications based on distributed ledger technology like HyperLedger, Ethereum or HashGraph.

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