GoChain

Oil and Gas

Leveraging blockchain & smart contract technology, businesses will be able to enhance supply chain efficiency, secure real-time data, and create a chain of order requests connecting engineers, analysts, and laboratories.

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WHERE ARE WE NOW?

CURRENT INDUSTRY CHALLENGES

The industry is no stranger to technological innovation on the operations side, with advances in getting oil out of the ground through hydraulic fracturing, 3-D seismic and other extraction processes. However, on the back-office side, the industry generally hasn’t seen the same advancement in digital technology to the supply chain, procurement, or finance parts of the business.

INEFFICIENT DATA MANAGEMENT

Paper records and manual data entry are ineffective and vulnerable to inaccuracies.

SUPPLY CHAIN & LOGISTICS

Drilling exploration and production and transporting data are complex and difficult to record and often untraceable making it hard to verify.

PAYMENTS AND REMITTANCE

Companies rely on third parties to reconcile invoices and conduct audits leaving them vulnerable to corrupt payments and delays in settlement times.

LAND CONTRACTS

Paper breaks down over time and can be easily lost or misplaced over the years.

A BETTER SOLUTION

OIL & GAS + BLOCKCHAIN

AUTOMATED RECORD MANAGEMENT

Using Distributed Ledger Technology helps ensure data accuracy and security.

  • INCREASE EFFICIENCY
  • SECURE, PRIVATE DATA
  • REDUCED MANUAL DATA ENTRY
  • ERROR MITIGATION
  • DATA AUTOMATION
  • IMMUTIBLE & AUDITABLE

IMPROVED SUPPLY CHAIN

Distributed ledger technology helps mitigate disruptions to optimize your supply chain decision making and performance.

  • REDUCE FRICTION
  • DRIVE EFFICIENY
  • REAL TIME EVENT TRACKING
  • ELIMINATE COUNTER PARTY RISKS
  • MANAGE PIPELINE ISNPECTIONS
  • SECURE PRODUCTION TEST RESULTS AND VERIFICATIONS

INSTANT PAYMENT SETTLEMENT

The entire lifecycle of a transaction — authorization, clearing and settlement — occurs immediately.

  • SMART CONTRACTS
  • IMMUTABLE LEDGER
  • FAST SETTLEMENT VERIFICATION
  • ELIMINATE THIRD PARTIES
  • SECURE TRANSACTIONS
  • INCREASED AUDITABILITY AND IMMUTABILITY

TITLE ON CHAIN

DLT and smart contracts enable new participants and records to be added quickly with minimal resources and costs

  • PRIVACY
  • REDUCED FRICTION AND TIME
  • REDUCTION IN COST
  • RISK MITIGATION
  • AUTOMATED PAYMENTS TO LAND AND TITLE HOLDERS
  • ACCURATE AND IMMUTABLE RECORDS + COMPLIANCE

GoChain Blockchain Workshop

Blockchain is a disruptive technology that has the ability to deliver measurable ROI with efficient supply chain, faster payments, and remittance.

Let our expert innovators show you get back to doing what you excel at delivering value to your customers and returns to your shareholders.

Schedule your complimentary 1-day online workshop

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About Us

GoChain has the best performing public web3 based network which is live and ready to use at 1300tps. Deploy your DApps and smart contracts today to get 100x the performance of Ethereum and reduce your impact on the environment.

GoChain is also the most reliable, most performant, 100% Ethereum Compatible blockchain for private networks as well.

Our Contacts

Charlestown
Nevis, W.I.