BCtracer For Energy
Expanding environmental legislation and new ecological preferences of end users are driving many industries to reduce their carbon footprint. Oil and Gas businesses are increasingly paying attention to carbon neutral / negative initiatives, as well as production and technology partners.
Carbon emissions can be monitored reliably and transparently with blockchain-based applications. The World Economic Forum (WEF) tracks greenhouse gas emissions based on blockchain. Studies are continuing to use blockchain to track carbon emissions worldwide.
In energy markets, money flow can be controlled with smart contracts in blockchain technology, the physical distribution network can be monitored instantly, consumption and production processes can be monitored in a manageable manner.
Resources used in energy can be monitored throughout the process from production to consumption, and necessary managerial measures can be taken.