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Artificial Intelligence (AI)

Artificial Intelligence (AI) in the Oil Industry

The consortium made up of some of the most influential companies globally has presented the white paper explaining exactly why and how blockchain has brought heavy weights from banking to oil in the likes of Shell, BP, Chevron, Total, Reliance Industries, Equinor, Gunvor, Mercuria and Koch Industries together for...
ENN, Energy Holdings Limited, one of the largest energy providers in China has turned to VeChainThor Blockchain to optimize quality control and supply-chain management to better serve the growing LNG Chinese market.  Currently ENN is operating in 187 cities that cover a population of 94.57 million in China.   The blockchain-based...
In a recent interview with Bloomberg  News, Data Gumbo CEO, Andrew Bruce discusses the need and adoption for the platform in the oil and gas industry.   He says “we are trying to make it into a blockchain utility right, so take it from being this big specialized installation saying that...
Houston based, Data Gumbo a leader in providing the oil and gas industry with Blockchain-as-a-Service (BaaS) for the streamlined process of Smart Contracts management specialized in industrial customers, has announced the hiring of Sergio A.Tuburquia as their new Chief Commercial Officer. The introduction comes after a $6 million Series...
Jerry Cuomo, Vice President of blockchain technology at IBM expressed exemplifies the integration of blockchain-based technology in the oil and gas industry for customer Vertrax. The problems that many consortiums is that in their maturing stages some of the biggest hurdles that have come about is standardizing where to...
Janet White, UK & Ireland’s oil and gas industry leader at IBM discussed the next wave of technologies that will influence the oil and gas industry beyond digitization. White says, “the upstream oil and gas sector is experiencing a time of unique change, with the need to increase production...
At the third annual IIOT Digital Solutions for Oil & Gas Conference in Amsterdam, industry leaders and global influencers like BP, Shell, Equinor, Petrobras, ExxonMobil amongst many others are scheduled to partake in panel discussions centered around tech industry and its potential to revolutionize the oil and gas industry....
According to a recent report titled ‘Global Blockchain Market In The Energy Sector - Growth, Trend and Forecasts (2018-2023) the global blockchain market is expected to register a CAGR 50% during the period of 2018-2025. The report highlights relevant data with chapters such as ‘Smart Contracts to Witness the...
On May 7th, the government of Leichtenstein, approved a motion to create a law on tokens and VT service providers (Token and VT Service Providers Act, TVTG), commonly identified as “blockchain law”.  Anticipating the evolution of the technology in the future, rights to blockchain systems will be in place...
Adam Caplan, SVP of emerging technologies at Salesforce gave a talk at MIT Technology Review’s Business of Blockchain conference last week titled “Blockchain’s Role in the Enterprise”. He found that attaining cohesive vocabulary across industries and bi lateral partners is an overarching issue in the integration of the platform....