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Innovative Breakthrough Of Blockchain Technology In Oil And Gas Industry

Table 1:

Company Goal Result
Yojee Application development for the logistic companies based on blockchain for freight transportation optimization. The application allows to monitor orders status on-line, to form accounts and to compile ranking of drivers and also replaces the dispatcher by automatic distribution of orders between drivers. Reducing the term of order processing from 2-3 days up to 1 day.Economy due to staffing cuts in dispatching department
Trading company Mercuria and banks ING, Societe Generale Conducting transactions on trading raw oil on the Easy Trading Connect platform. Reducing the term of bank participation in transaction completion from 3 hours to 25 minutes.
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