A consortium of oil companies including Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX) and Royal Dutch Shell (LON:RDSa) looks to blockchain to manage water used in oil extraction in North Dakota’s Bakken oil fields.
As Reuters reported on Sept. 10, the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded a contract to blockchain startup Data Gumbo to pilot water handling technology in North Dakota’s oil fields.