Blockchain, also known as distributed ledger technology, is a simple technology construct but with far-reaching impacts, and it is coming quickly to oil and gas. Blockchain combines encryption, distributed computing, decentralized architecture and cloud computing in a novel way to create new business models that do not require trust between counter parties. Blockchain is thus poised to overhaul legacy ways of working in oil and gas that involve assets, ownership, identity, money, contracts and of course, trust. Beyond transformation of business processes (both operational and commercial), blockchain combines with other technologies such as the internet of things, artificial intelligence and automation in more profound ways to create fundamentally different business models. For example, blockchain and artificial intelligence working together on a powered device allows that device to purchase and settle power purchases based not just on load but the price of power. Early use cases of relevance to oil and gas include commodity trading, asset tracking, royalty and venture accounting, but other examples in areas as diverse as shipping, financial transactions, used equipment trading and of course, currency, also underscore the profound possibilities presented by this technology set.

1. BlockchainInOiland
Gas:TheFlywheelTurns
20th August, 2018

2. DATA
1Confidential
Puttingblockchainincontext
Internet
of Things
Agile+UserExperience
People+ChangeManagement
Blockchain
CloudComputing
ERP
Artificial
Intelligence
Robots

3. 2Confidential
TheBasics
Blockchain
Transactions
CryptoCurrency
Metadata
Nonce

4. 3Confidential
ATOMIC
BlockchainDomains
Blockchain
Ownership
Money
Identity
Contract
Trust
Asset

5. 4Confidential
Blockchainworkswellinsupplychains
Text
Text Text
Text
Text

6. 5Confidential
Blockchain
Research
Utilities
Energy
Retail OilandGas
Governments
Healthcare
Finance
ConsultingFirms
McKinsey AdvisianAccentureDeloitte PwC
Theearlyadopters

7. 6Confidential
Industrieshavefailedtoadapt,orcouldn’tadaptfastenough.
1. TaxiIndustry
2. RetailIndustry
3. MusicDistribution
4. MovieRentals
5. NewspapersandTraditionalMedia
6. EnergyUtilities
1. UberandRideshare
2. AmazonandEbay
3. SpotifyandYouTube
4. NetflixandAmazon
5. OnlineNewsandSocialMedia
6. GEEnergyandTesla’sBatteries
Disruption

8. Costreductionachieved
bythenetworkeffect
7Confidential
Whenyouexpandthenetwork,
itgeneratesmorevalue
Sixteen
Nodes
Eight
Nodes
Two
Nodes
One
Node
• Startingpoint
• LackofData/functionality
• Additionalnodessharedata
• Cancheckacrossnodes
• Moredataallowsforbetteranalytics
• Improvessecuritythrough
distribution

9. 8Confidential
EWF
• AppliesBlockchaintoCash-
Orders
• BasedonEthereum
Infrastructure
Ondilfo
TheEWFisablockchain
consortiumwithinvestments
fromShell,BP,TEPCO,andothers
Quisitive
• Processesroyaltieswith
Blockchain
Petrobloq
• Blockchain-Enabled
Pipeline
• CombinesBlockchainwith
IoT
GuildOne
Firstsupply-chainmanagement
platformforOilandGas
SOCAR,PEMEZandPetroteq
TheOilandGasIndustryBlockchainpioneers
Maritime
BlockchainLabs
AshippingBlockchain
consortium,includingLloyd’s
Register,PreciousShipping,
Bostomar,BIMCO,IBIAandGood
Fuels

10. 9Confidential
HowIcanhelpyougetstartedonyourBlockchainjourney
Blockchain101training
Managementbriefings
Digitalstrategyreviews

11. BlockchainInOiland
Gas:TheFlywheelTurns
20th August, 2018