Oh, says who?!
NEWS RELEASE
'It's the news, boss!'
Shut up, Voice.
Blockchain is emerging as a technology that demands attention within the oil and gas sector. It presents novel approaches to service contracts, review pricing, and support the entirety of the transaction life cycle. It thus promises potential cost reductions and enhanced process efficiencies. Moreover, the advantages of blockchain in the oil and gas industry manifest through enhanced transparency, compliance, and data security, says GlobalData, a leading data and analytics company.
Says GlobalData.
'What?! The company is talking now?'
It's talking now, saying things.
'Without humans?!'
I don't know.
Could be robots, I suppose.
Hang on!
'What?'
This character works there, and he speaks ...
Ravindra Puranik, Oil and Gas Analyst at GlobalData, comments: "While the initial use focused on supply chain optimization, blockchain has evolved considerably in recent years to support transaction processing with smart contracts. Moreover, the establishment of consortiums has helped to standardize protocols and exchange best practices. With the maturation of the technology, its adoption is expected to expand, ushering in improved transparency, efficiency, and security in operations."
Fine. Anything else?
Puranik continues: "Tokenization involves digitizing a tangible asset for managing big data or safeguarding sensitive information. It has the potential to streamline bureaucratic processes during the production, transportation of processing of a natural resource across various jurisdictions. A token can facilitate transparency in tracking the movement of natural resources throughout the developmental phases. This transparency not only highlights opportunities to minimize waste but also aids in identifying potential irregularities, thereby aiding the sector in fortifying its reputation at a time when it faces challenges from alternative energy sources."
Okay.
'Does Puranik conclude, boss?'
Yeah.
Puranik concludes: "As sensor technology reaches its peak within the industry amid rising adoption of the Internet of Things (IoT), blockchain facilitates the direct storage of transactions and accounting data on these devices. By linking assets directly to service contracts, blockchain significantly diminishes processing time and fundamentally alters contracting by providing secure collaboration. Although adoption is currently in its early stages, the potential of blockchain in the oil and gas sector is poised for substantial growth as companies recognize its full capabilities."
Thanks.
ENDS
ENDS
ENDS
This will all be over soon. No more than five weeks.
'Then what?'
I might pop in ... once every blue moon.
'With financial news?'
No, not with financial news.
'With conceptuals?'
No, not with conceptuals.
'What then?'
Just me and you, Voice ... with tales of the cliffs and the beaches.
'Yippee!'
ENDS
ENDS
ENDS
Or I might just disappear, like Rimbaud.
'Yippee!'
Or
Which brings me to poetry, man. Not the "Or" ... oh no ... I'm referring to the "Rimbaud".
I've got a massive subject, yes, for the VERY BIG POEM. I reckon I'll write a rough draft this coming weekend. (Or I will try to.) It doesn't matter how rough it is, no, no, no, I just need some words to work with, you dig?
Laters.
