AWS for Industries
Ondiflo is using blockchain to revolutionize the oil and gas industry
Today, in the oil and gas industry, if a truck needed to carry 130 barrels of water from one location to another, representatives from both sides would have to sign off on the 130-barrel quantity, the start location, and end location—along with the time and mileage—just to start the commercial payment process from buyers to suppliers. It’s an excessive number of checks and balances, given that increasingly sophisticated equipment, such as tank gauges, GPS, or mobile apps, stored immutably on a blockchain, can directly provide the same information without any human interaction.