"Blockchain: Not just for banks" ("Neft Rossii" magazine, issue 1-2, January-February 2018)
"Blockchain: Not just for banks"
Read about blockchain opportunities in oil & gas.
The blockchain technology emerged almost 10 years ago, but for a long time only so-called cryptoenthusiasts demonstrated any interest in it. However, recently blockchain underwent an incredible popularity boost, and the first sector to start considering it as a useful tool for large business was the banking sector. Today oil & gas is also starting to explore blockchain opportunities, which can apply to a number of scenarios, e.g. in fuel retailing. Among them are blockchain implementation in loyalty programmes, electronic trading facilities, contracting jobbers, and controlling the supply chain.
© 2022 KPMG. KPMG in Russia refers to JSC “KPMG”, “KPMG” LLC, “KPMG Tax and Advisory” LLC, companies incorporated under the laws of the Russian Federation. All rights reserved. For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.