• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Oil Market Data
    • Canada NG Market Data
    • USA Market Data
    • Data Downloads
  • Jobs

Blockchain transactions in oil and gas continue to be developed in Canadian trials

August 21, 20182:11 AM BOE Report Staff

In Feb 2018 GuildOne Inc. announced the first execution of an Oil royalty smart contract using the Company’s new Royalty Ledger application for settlement and payment transactions.

Guild 1 ‘s distributed royalty ledger is the first implementation of a smart contract in the oil and gas royalty sector and was delivered together with NAL Resources Management Limited, PrairieSky Royalty Ltd. and ATB Financial.

Distributed ledger and Blockchain technology have the potential to greatly minimize and ultimately eliminate resource and royalty-based disputes.

According to IBM’s Dason Wells, “What’s new here is the shared ledger – prior to this point each participant in a business network had their own ledger. More specifically Blockchain technologies enable faster, permissioned, secure and auditable business to business transactions between participants”

Join Mr. Dason Wells, from IBM’s Natural Resources Solution Centre leading a Blockchain discussion together with Mr. John Dugdale of Terrahub discussing Royalty Ledger utilization of Blockchain to pay Royalty Partners and  Mr. Richard Stobbe, of Field Law addressing Smart Contracts and Blockchain in a panel discussion titled “BLOCKCHAIN for Energy- Learnings from Oil and Gas Industry applications”

Wednesday Sept 19th at the Calgary Petroleum Club.

A presentation of The Petroleum Accountants Society of Canada (PASC)

Click here to register and select SKIP Login.

Sponsored by:

NAL Resources PrairieSky Royalty

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Oil lingers near 2-month high amid global supply concerns
  • The world needs more of Canada’s natural gas to ensure global energy security and reduce GHG emissions
  • High gas prices, energy security fears impede decarbonisation push
  • U.S. natgas futures drop 5% as output rises, demand slips
  • Brent could push past $150/bbl if Russian oil exports shrink, BofA says

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView

    Report Error





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2022 Grobes Media Inc.