OilBlockchain.News has been developed to become the leading international portal for news covering oil blockchain technology, smart contracts and how distributed data will transform the oil and gas industry.
Oil Blockchain is the future business model of supply chain and eventually will be applied to the entire oil and gas value chain. Oil Blockchain News will provide informational updates on how oil operators, like BP and Shell, plan to use blockchain tech to completely transform how energy is bought and sold, and how the industry will revolutionize the day to day operations of potentially every oil operation on the planet.
Developments in Artificial Intelligence (AI) will allow new technologies to tap massive new reserves of energy, such as the Utah oil sands, while radically reducing environmental risk.
This portal will not sell any form of cryptocurrency and any revenue from this portal will be generated predominately through marketing and advertising channels.
About Ziyen Inc.
ZIYEN Inc. is comprised of three business divisions, Ziyen Energy, Ziyen Intelligence and ZiyenCoin.
The company was originally set up as a software company providing information on the oil, gas, power and energy sectors. Ziyen Intelligence, specializes on business, contracts, news and information. Also develops cutting edge procurement and supply chain software to provide clients with intelligence on industry specific government and private contracts.
The company pivoted and created an Oil and Energy Company securing the first oil asset in 2017. Ziyen Energy, was created to capitalize on information and opportunities in the oil and gas marketplace with the intent to produce oil in the U.S. with advanced extraction methods and technology implemented and guided by career experts in the oil and gas industry.
Ziyen intends to produce oil by securing and developing smaller, marginal oil fields in the U.S. that have been otherwise overlooked by major oil companies yet still provide multi-million-dollar yield potential. Ziyen Energy has 18 oil assets based in the Illinois Basin, which covers Illinois, Indiana and Kentucky.
Through acquisitions, Ziyen is building a portfolio of oil assets with a strategy to drive down oil production costs whilst utilizing the latest in renewable energy and enhance oil recovery techniques.
The launch of the Ziyen Advantage program offers a more sustainable means of oil production in which proprietary technology will be used to reduce production costs and improve overall efficiency of a given oil well.
ZiyenCoin is a new division created by Ziyen Inc., which will focus on Oil Blockchain and work with the leading industry players with a focus on developing new technology to cut costs and push down oil production costs.
Given the data-intensive opportunities available through the growth and expansion of the Internet, the Oil Industry sees blockchain as an important vessel to carry the industry’s data transformation forward.
Supply chain is often a good place to start in assessing practical value of Oil Blockchain. Companies could forge better agreements with producers, suppliers, financial experts, record-keeping departments, and third-party vendors, potentially leading to reduced costs, streamlined management and a clearer understanding of the assignments and expectations of each player on the field. Innovation isn’t just about influencing existing business models in a positive and productive way. It’s also about how to monetize new ideas.
Oil and gas companies have struggled to evolve under the challenges of price volatility in recent years which creates the uncertainty that often leads to massive cost-cutting efforts, reduced exploration, and layoffs. This has forced oil and gas companies to drastically rethink how they operate and identify innovative ways to improve transactional efficiencies.
Alastair Caithness, CEO, will be speaking at the upcoming world leading Oil and Gas Blockchain Summit. – https://blockchainoilgassummit.com/
For more information about Ziyen Inc. or Oil Blockchain then complete the form below.