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- Rashi Gajula
Now more than ever, it is imperative that industrial supply chains turn to technology to reduce costs, maximize efficiencies, streamline operations, and improve timelines. The adoption of blockchain-powered smart contracts can afford operators and service providers alike a surefire way to guarantee transactional certainty, automate environmental, social, and governance (ESG) reporting and improve bottom lines in a low-risk environment. The oil and gas industry’s role in the great energy transition and emerging ESG landscape is contingent on the industry’s ability to transform itself and find approachable and repeatable methods that scale. Where best to get started with blockchain? Why is now the best time? How can commercial agreements be tied to ESG reporting? What are partnerships and consortiums doing right now for the industry?