Blockchain & Traceability in Oil Supply Chain – One Day USD 150 / Two Days USD 250 Per Pax
Description
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Introduction to Blockchain Technology
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Basics of blockchain and distributed ledger systems
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Key characteristics: transparency, immutability, and security
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Differences between public, private, and consortium blockchains
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Overview of Oil & Gas Supply Chain
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Understanding upstream, midstream, and downstream processes
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Common challenges: fraud, inefficiencies, and lack of transparency
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Opportunities for digital innovation
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Role of Blockchain in Supply Chain Management
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Ensuring traceability of crude oil and petroleum products
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Reducing fraud, theft, and counterfeiting
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Enhancing trust and accountability among stakeholders
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Smart Contracts and Automation
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Definition and functionality of smart contracts
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Automating transactions, approvals, and compliance
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Examples in procurement, logistics, and payments
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Data Integrity and Security
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Protecting sensitive operational and commercial data
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Blockchain’s role in tamper-proof record keeping
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Ensuring regulatory compliance
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Integration with IoT and Digital Tracking Systems
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Using sensors and IoT devices for real-time monitoring
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Feeding verified data into blockchain ledgers
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Improving operational visibility across the supply chain
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Transparency and Auditability
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Real-time tracking of shipments, storage, and distribution
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Audit trails and reporting for regulators and partners
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Enhancing decision-making and accountability
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Blockchain Platforms and Tools
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Overview of Hyperledger, Ethereum, and other platforms
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Selecting the right platform for oil & gas applications
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Interoperability and integration with legacy systems
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Case Studies in Oil & Gas
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Examples of blockchain implementation in upstream and downstream operations
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Lessons learned from successful pilot projects
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Measurable benefits and KPIs
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Challenges and Limitations
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Scalability, adoption barriers, and regulatory issues
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Cost considerations and technological requirements
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Strategies for overcoming resistance to change
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Implementation Strategy
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Steps for planning and deploying blockchain solutions
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Pilot testing, stakeholder engagement, and scaling
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Measuring ROI and operational improvements
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Future Trends and Innovations
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Integration with AI, IoT, and digital twins
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Smart supply chains and autonomous logistics
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Blockchain’s role in sustainability and ESG reporting
