With blockchain you can

Reduce cash cycle time

Increase transaction visibility

Reduce overhead & number of cost intermediates

Blockchain fuels innovation in the oil and gas supply chain

To help prevent supply chain disruptions in the transportation of bulk oil and gas, Vertrax and its emerging technologies provider, Chateaux Software, have launched the first multicloud blockchain solution built on IBM Blockchain Platform and deployed on AWS. The solution ushers in a new era of flexibility, collaboration and speed-to-market for the oil and gas industry.

Benefits of blockchain adoption

Blockchain can help transform oil and gas industry supply chain networks

Blockchain enables immutable, transparent and auditable business transactions among participants and suppliers, distributors and partners.

Natixis, IBM, Trafigura: First blockchain solution for US crude oil market

The distributed ledger platform, built on the Linux Foundation open source Hyperledger Fabric, allows major steps in a crude oil transaction to be digitized on the blockchain, ensuring improved transparency, enhanced security, and optimized efficiency.

IBM and SAP: Transforming how businesses interact in complex joint ventures

Blockchain-based solutions, built on SAP S/4 HANA and enhanced with cognition, provide a single, permission-based, shareable ledger that provide visibility, clarity and efficiency for daily transactions.

Speak with an IBM Oil and Gas expert