The Organization of Petroleum Exporting Countries (OPEC) announced that his Second workshop on energy and information technology It will take place via video conference on September 21st.
At this year’s event Blockchain technology complements the spectrum of energy and technology-related topics to be discussed.
However, it is unlikely that invited oil industry bigwigs will discuss the power consumption characteristics of the cryptocurrency. The organization is more interested in streamlining things like the supply chainas the OPEC Secretary General stated, Mohammad Sanusi Barkindo::
“The energy industry, particularly the oil sector, has always endeavored to use and develop the latest cutting-edge technologies in order to improve the efficiency and effectiveness of its business operations as well as its environmental sustainability.”
Blockchain technology has increased supply chain efficiency in a growing number of industries. From the traceability of coffee beans to transparency in the recycling industry and efficiency gains in global shipping.
It appears that the oil industry could be the next to transform its supply chain logistics using blockchain.
As part of the ongoing research program of the OPEC Secretariat The energy workshop aims to promote the debate and exchange of information about new technologies in the energy industry.
Other topics to be dealt with at the event are the future of blue hydrogen, digitization in the energy industry and cybersecurity.