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Nonprofit Energy Consortium Trials Blockchain Management for Wastewater Tracking

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The Offshore Operators Committee, a nonprofit organization focused on offshore energy, has found a blockchain management system reduces costs and time for transporting wastewater.

The (OOC)’s Oil and Gas Blockchain Consortium has completed its first pilot of a produced water haulage management system using blockchain technology. The pilot, the first industry-wide use of a blockchain-native network for produced water haulage, essentially tried to streamline the process of transporting wastewater byproducts collected during the extraction of oil and natural gas, referred to as produced water.

The pilot automatically measured volume and generated invoices during the transportation process.

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