Questionnaire: Blockchain in Oil & Gas Industry in the Russian Federation
A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way” For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. (Wikipedia)
Considering that to date, the technology has had little impact on the oil and gas industry, Deloitte recommend determining how and whether blockchain will work for a particular oil and gas company. Supply chain is often a good place to start in assessing practical value. (Deloitte, 2017).
International oil and gas companies started the pilot projects implementing blockchain, whereas its immaturity, lack of standards and uncertainties. Questions still remain about blockchain’s scalability, interoperability, security, transition costs, data privacy, and governance. (IFC, 2017)
This survey is an essential part of a research project at University of Oxford.
The aim is to evaluate the BLOCKCHAIN potential in the oil and gas industry in Russia, increase the competitiveness of the Russian companies on the international arena and contribution in the development of trustful and transparent relations in the public-private partnership.
Your expertize in the oil and gas industry is of a great value and we would be happy to know your opinion.
We highly appreciate your active participation!
Alfiya Nasyrova
Postgraduate Diploma in Global Business
University of Oxford
e-mail: alfiya.nasyrova.dipgb2017@said.oxford.edu
https://www.linkedin.com/in/alfiya-nasyrova-50342030/