Blockchain Technology in the Oil and Gas Industry: A Review of Applications, Opportunities, Challenges, and Risks

Lu, Hongfang; Huang, Kun; Azimi, Mohammadamin; Guo, Lei

doi:10.1109/access.2019.2907695

Cited by 207 publications

(122 citation statements)

References 42 publications

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“…And in some areas such as North America, the reserve of shale gas is estimated over at 50 TCF, which means the shale gas industry faces a great opportunity. Many researchers investigated gas consumption and predicted the future tendency of it which proved the importance of shale gas extraction . However, the large amount of sand carried by shale gas will be a serious problem to the ground‐based devices.…”

Section: Introductionmentioning

confidence: 99%

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Analysis of particle deposition in a new‐type rectifying plate system during shale gas extraction

Peng

Chen

Zheng³

et al. 2019

Energy Science & Engineering

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Much less attention has been focused on the particle deposition in rectifying plate though it is a common problem in shale gas pipe systems. The effects of particle parameter and flow field on the deposition and distribution of particle in a new‐type rectifying plate system are investigated. Both the computational fluid dynamics (CFD) method and the experiment method are used in order to analyze the particle deposition under various conditions. The accuracy of simulation model is verified with measurements in the experiment and from analyzing, and it is found that the Boltzmann equation can well describe the relationship between gas Reynolds number and particle deposition in the rectifying plate system. It is also found from investigation that the particle deposition is greatly affected by the particle parameter. Deposition rate rises with the increase of the particle diameter; however, it reduces gradually with the decrease of particle shape factor. Moreover, the particle mass concentration is an essential dimension that can give a prediction of where the particle may deposit.

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Section: Introductionmentioning

confidence: 99%

“…Many researchers investigated gas consumption and predicted the future tendency of it which proved the importance of shale gas extraction. [2][3][4][5] However, the large amount of sand carried by shale gas will be a serious problem to the ground-based devices.…”

Section: Introductionmentioning

confidence: 99%

Analysis of particle deposition in a new‐type rectifying plate system during shale gas extraction

Peng

Chen

Zheng³

et al. 2019

Energy Science & Engineering

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“…Cost of the final product, calculated as sum of costs of raw material and all intermediate products. 5. Lot numbers to facilitate traceability.…”

Section: Traceability Of Ready-to-wear Clothing Manufacturing Industrymentioning

confidence: 99%

“…This is known as Industry 4.0, and it has lead to a virtualization of the processes, where supply chains provide real-time access to relevant products and production information for all involved entities [1,2]. In this context, some research studies and patents have been published about construction projects [3], energy and health sectors [4], and oil and gas industries [5]. Some of the specific applications include monitoring damage to structures [6], analysing cardiorespiratory signals and snoring [7], checking temperatures [8], and controlling the wine supply chain [9], among others.…”

Section: Introductionmentioning

confidence: 99%

Traceability of Ready-to-Wear Clothing through Blockchain Technology

et al. 2020

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Traceability and monitoring of industrial processes are becoming more important to assure the value of final products. Blockchain technology emerged as part of a movement linked to criptocurrencies and the Internet of Things, providing nice-to-have features such as traceability, authenticity and security to sectors willing to use this technology. In the retail industry, blockchain offers users the possibility to monitor details about time and place of elaboration, the origin of raw materials, the quality of materials involved in the manufacturing processes, information on the people or companies that work on it, etc. It allows to control and monitor textile articles, from their production or importing initial steps, up to their acquisition by the end consumer, using the blockchain as a means of tracking and identification during the whole process. This technology can also be used by the apparel industry in general and, more specifically, for ready-to-wear clothing, for tracing suppliers and customers along the entire logistics chain. The goal of this paper is to introduce the more recent traceability schemes for the apparel industry together with the proposal of a framework for ready-to-wear clothing which allows to ensure the transparency in the supply chain, clothing authenticity, reliability and integrity, and validity of the retail final products, and of the elements that compose the whole supply chain. In order to illustrate the proposal, a case study on a women’s shirt from an apparel and fashion company, where a private and open blockchain is used for tracing the product, is included. Blockchain actors are proposed for each product stage.

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“…B LOCKCHAIN capabilities are evolving and Smart contracts technologies are peaking the Gartner hype cycle for blockchain business in 2019 [1]. A whole set of industryrelated blockchain applications is now appearing [2], [3]. Moreover, if we observe the position of blockchain technology for the utility industry in 2019, it is still on the rise, witnessing the big expectations as a critical technology for delivering reliable, affordable and ubiquitous commodity services in the power systems field.…”

Section: Introductionmentioning

confidence: 99%

Aggregation and remuneration in Demand-Response with a blockchain-based framework

Silvestre

Gallo

Sanseverino

et al. 2020

IEEE Trans. on Ind. Applicat.

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This paper describes the possibility to use the blockchain technology for load and generation aggregation in a new distributed Demand Response (DR) service and customers remuneration system. The blockchain technology and the use of smart contracts for DR allow the creation of a distributed system in which customers can communicate directly, in a transparent, secure and traceable way, with the grid operator to provide their flexibility. In this paper, the DR problem formulation takes into account several aspects, which are periodically executed. First, the blockchain records customers' energy consumption or production, then, the smart contract starts calculating the baseline and the potential support provided by each customer to fulfill the requested load adaptation. Customers' availability for generation and load profile modulation is also taken into account, as well as their privacy and an updated definition of the roles of grid and market operators in a new Demand-Response scenario supported by the blockchain technology. The blockchain used is Hyperledger Fabric, since it turned to be flexible for smart contracts implementation while supporting multi-tenancy. Results show the possibility to successfully apply the blockchain technology to this particular topic, even considering privacypreserving issues.

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Blockchain Technology in the Oil and Gas Industry: A Review of Applications, Opportunities, Challenges, and Risks

Cited by 207 publications

References 42 publications

Analysis of particle deposition in a new‐type rectifying plate system during shale gas extraction

Analysis of particle deposition in a new‐type rectifying plate system during shale gas extraction

Traceability of Ready-to-Wear Clothing through Blockchain Technology

Aggregation and remuneration in Demand-Response with a blockchain-based framework

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