Cortex for oil and gas
Build trust and secure critical data of processes from upstream to downstream, and improve the efficiency of the supply chain.
Overview
Transform oil and gas with IoT and blockchain.
Today's challenges call for squeezing out cost while adding flexibility and automation with oil and gas technology solutions built on digital technologies. One of the first steps is digitalization of processes, to help access massive data from the IoT systems. IoT data of petroleum industry is sensitive and needs to be stored securely. Blockchain technologies beside the security, enable faster, permissioned, immutable, transparent and auditable business-to-business transactions among participants in the network and their suppliers, distributors and partners.
Infrastructure
Benefits
Privacy and security
A ledger that is shared across network partners and indelible means that tampering, fraud, and cyber-crime are much more difficult. Enable the highest level of security, performance, and stability.
Trust across parties
Blockchain networks help assure data integrity by storing an immutable, single version of the truth. Network participants can collaborate with confidence as they exchange information while controlling data access.
Reducing data leaks
Blockchain can reduce the time, cost and risks of managing sensitive information by providing an immutable and transparent audit trail for regulatory compliance, contract management, identity management and citizen services.
Increase transparency
Through distributed ledger technology that provides a shared, single version of the truth, Cortex gives permissioned participants greater visibility across all activities.
Risk mitigation
Streamline shared processes, increase accountability, minimize disputes and automate reconciliation tasks.
Full traceability
Blockchain can provide real-time visibility on the entire infrastructure and processes, eliminating blind spots across public and private entities.