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How might blockchain technology solve one of the most frustrating and costly problems of the digital oil and gas industry? The sector builds new assets constantly, but engineering documents and systems that are supposed to accurately depict as built asset do not, leading to substantial costs and waste for the oil and gas asset owner. Blockchain could be a solution.

To many, the open data movement is only about government transparency, but in fact, open data will impact the oil and gas industry as well, in ways that are not obvious but no less significant. Without action, the industry will be on the back foot.