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The OOC Oil Bolckchain Consortium commissions Deloitte Services to optimize processes

June 11, 2020

The OOC Oil Bolckchain consortium, which includes Repsol and other new oil companies, has commissioned Deloitte’s services to define cases where blockchain technology can optimize business processes. Accelerate implementation and plan global deployment in the industry. This was reported on June 10 from Spain, El Economista.

According to this post, It was Repsol, Chevron, ConocoPhillips, Equinor, ExxonMobil, Hess, Marathon, Noble Energy, Pioneer Natural Resources and Shell that founded the OCC Oil Gas Blockchain Consortium in 2019. It is “a nonprofit organization that builds a network of business partners to investigate and define blockchain use cases in the oil and gas industry value chain.”

The article in El Economista added: “The goal of the consortium is to promote and strengthen its members’ understanding of technology and its application and to ensure the generation of guidelines, frameworks and solutions that add value in the context of digital transformation create with a view of the sector. “

The OOC Oil  Bolckchain Consortium commissions Deloitte Services to optimize processesThe OOC Oil Bolckchain Consortium commissions Deloitte Services to optimize processes

Blockchain should enable oil companies to increase efficiency and identify weaknessesas well as automating relationships with suppliers and suppliers.

Rebecca Hofmann, President of the OOC Oil Gas Blockchain Consortium, said:

“Blockchain technology continues to evolve and mature. This is why we need to research and collaborate beyond our own industry to solve challenges and deliver a comprehensive value proposition. With the involvement of Deloitte as a strategic advisor, our skills and knowledge are . “

Regarding Repsol in particular, the article states that this company has already worked with a blockchain to certify industrial products together with Finboot, a startup founded by the Repsol Foundation’s corporate fund.

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