OPEC to cowl blockchain tech in second workshop on power and IT

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OPEC to cowl blockchain tech in second workshop on power and IT

The Organisation of the Petroleum Exporting Nations has introduced that its Second Workshop on Vitality and Info Expertise can be held on Sep. 21 b



The Organisation of the Petroleum Exporting Nations has introduced that its Second Workshop on Vitality and Info Expertise can be held on Sep. 21 by way of videoconference.

This yr’s occasion sees blockchain expertise be part of the vary of power and tech-related subjects to be mentioned.

Nonetheless, it’s unlikely that the invited oil business bigwigs can be discussing the power consumption traits of cryptocurrency. The group is extra all in favour of streamlining elements similar to the provision chain, as OPEC secretary normal Mohammad Sanusi Barkindo defined:

“The power business, significantly the oil sector, has all the time been desirous to make the most of and develop the most recent cutting-edge applied sciences to enhance effectivity and effectiveness of its operations, together with its environmental credentials.”

Blockchain expertise has introduced supply-chain efficiencies to an ever-growing vary of industries. From the traceability of espresso beans, to transparency within the recycling sector and effectivity beneficial properties in international transport.

Evidently the oil business will be the subsequent in line to have its provide chain logistics reshaped by blockchain.

A part of the OPEC Secretariat’s ongoing analysis program, the power workshop is designed to advertise dialogue and data change round rising applied sciences within the power business.

Different subjects scheduled to be lined on the occasion embrace the way forward for blue hydrogen, digitalization within the power business and cyber safety.



cointelegraph.com