Adnoc embraces blockchain for oil and gas production

Adnoc embraces blockchain for oil and gas production

The Abu Dhabi National Oil Company (Adnoc) has partnered with IBM to adopt blockchain automated system for the integration of oil and gas production. The blockchain system would lessen the time taken to execute transactions. The digital unit manager of Adnoc coined ‘Blockchain’ as the game changer which would help in lessening the operating costs.

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