The world’s most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. It’s official: Blockchain technology has infiltrated Big Oil. The hype behind blockchain has reached a full-blown frenzy. And for good reason. The technology, which creates secure ledgers for digital transactions and rapidly accelerates the pace at which transactions can be made, has the potential to disrupt every major industry: real estate, shipping, banking and healthcare. Blockchain is truly revolutionary, and Big Oil is finally catching on. In an industry that has used technology to reduce breakeven costs to all-time lows , create gigantic drilling rigs run by robots , and even tap reserves located 10 miles below the sea , the oil and gas sector has been […]