Sustainable Oil And Gas Using Blockchain

This monograph explores the potential of blockchain technology to facilitate the transition in the oil and gas (O&G) industry. As the world shifts towards a sustainable energy future, the oil and gas industry faces significant challenges and opportunities. Focusing on the development of a sustainable O&G industry, the book delves into the role of climate and financial markets in the energy sector, applications of blockchain in sustainable energy development, and the challenges of legal and regulatory issues in applying blockchain technology. It provides insight into how the energy industry is already working on reducing carbon emissions and paving the way to a sustainable future with detailed examples of reducing methane emissions, carbon credit markets, sustainable aviation fuels, and plastics. The book also examines how O&G companies could further their sustainability initiatives using blockchain technology for emission data monitoring, carbon capture, utilization, storage, and supply-chain management to develop clean products.

The oil and gas industry is a complex sector with significant reach in terms of providing the energy needs of the global economy and the security, environmental and development consequences thereof. In particular, the sector is extremely important for the economic growth of emerging markets and developing countries. Furthermore, the life span of oil and gas resources is finite, with high health and safety risks and substantial environmental costs that require careful management and sustainability practices to ensure optimal extraction and utilisation of these resources. This book examines the challenges and opportunities in the oil and gas industry, in the context of emerging markets and developing economies. It provides comprehensive coverage of the management and sustainability practices of the sector, the environmental impact and sustainability of resources as well as the businesses that operate in the sector across the entire value chain. It addresses the current discourse on topics such as the Sustainable Development Goals, the Green Economy, the Paris Agreement and Glasgow Climate Pact and concludes with a chapter on the future of the oil and gas industry. The discussions around energy and energy transitions in particular continue to gain momentum and the book provides a wide-reaching and up-to-date overview of the industry. The book introduces readers to the concepts and formal models of analysis in the oil and gas sector and will serve as a useful resource for students, scholars and researchers in operations, marketing, procurement and supply chain management, project management, health and safety management, environmental economics, natural resource economics, development finance, and development studies. Researchers and practitioners working in these areas will also find the book a useful reference material.

At a time of growing environmental concerns and an urgent need for sustainable solutions, the intersection of blockchain technology and environmental sustainability is emerging as a powerful force for positive change. The environmental challenges of our time, including climate change, resource scarcity and the destruction of ecosystems, require innovative solutions that transcend geographical and political boundaries. Blockchain technology, with its decentralized and transparent nature, can not only track and verify environmental efforts, but also incentivize them.

Blockchain has become the cornerstone of technologies, supported by others including Big Data and Artificial Intelligence (AI). Originating from cryptocurrency, it transcends boundaries, finding resonance in finance, healthcare, e-governance, and beyond. While blockchain relies on a peer-to-peer approach, enabling nodes to collaborate without the shackles of a central authority, appropriate monitoring and updating of these technologies is a constant necessity. This is especially true for healthcare data systems, where data privacy and security concerns, especially with sensitive health information are paramount. Threads of automation in artificial intelligence (AI) weave through sectors such as business, finance, healthcare, marketing, and governance. Industrial Applications of Big Data, AI, and Blockchain delves into the pulsating realms of big data, AI, and blockchain. From natural language processing's eloquent interpretation of human language to the prowess of AI algorithms in predictive tasks, this book explores how AI enhances decision-making accuracy, catalyzing a paradigm shift in diverse industries. This book is ideal for researchers, business visionaries, tech enthusiasts, and curious minds eager to fathom the transformative potential of these technologies.

THE SERIES: FRONTIERS IN COMPUTATIONAL INTELLIGENCE The series Frontiers In Computational Intelligence is envisioned to provide comprehensive coverage and understanding of cutting edge research in computational intelligence. It intends to augment the scholarly discourse on all topics relating to the advances in artifi cial life and machine learning in the form of metaheuristics, approximate reasoning, and robotics. Latest research findings are coupled with applications to varied domains of engineering and computer sciences. This field is steadily growing especially with the advent of novel machine learning algorithms being applied to different domains of engineering and technology. The series brings together leading researchers that intend to continue to advance the field and create a broad knowledge about the most recent research. Series Editor Dr. Siddhartha Bhattacharyya, CHRIST (Deemed to be University), Bangalore, India Editorial Advisory Board Dr. Elizabeth Behrman, Wichita State University, Kansas, USA Dr. Goran Klepac Dr. Leo Mrsic, Algebra University College, Croatia Dr. Aboul Ella Hassanien, Cairo University, Egypt Dr. Jan Platos, VSB-Technical University of Ostrava, Czech Republic Dr. Xiao-Zhi Gao, University of Eastern Finland, Finland Dr. Wellington Pinheiro dos Santos, Federal University of Pernambuco, Brazil

Transforming Climate Finance and Green Investment with Blockchains establishes and analyzes the connection between this revolutionary technology and global efforts to combat climate change. The benefits of blockchain come through various profound alterations, such as the adoption of smart contracts that are set to redefine governance and regulatory structures and transaction systems in coming decades. Each chapter contains a problem statement that describes the challenges blockchain technology can address. The book brings together original visions and insights from global members of the Blockchain Climate Institute, comprising thought leaders, financial professionals, international development practitioners, technology entrepreneurs, and more. This book will help readers understand blockchain technology and how it can facilitate the implementation of the Paris Agreement and accelerate the global transition to a green economy. Provides an authoritative examination of this emerging digital technology and its implications on global climate change governance Includes detailed proposals and thorough discussions of implementation issues that are specific to green economy sectors Relates innovative proposals to existing applications to demonstrate the value add of blockchain technology Covers blockchain for the smarter energy sector, for fraud-free emissions management, to streamline climate investments, and legal frameworks for blockchain-based climate finance