Saudi Arabia is currently testing blockchain technology, which could be used in tracking quality in oil and gas industry, Saudi Aramco's Chief Technology Officer, Ahmad Khowaiter, told Sputnik on Tuesday
HOUSTON (Pakistan Point News / Sputnik - 12th March, 2019) Saudi Arabia is currently testing blockchain technology, which could be used in tracking quality in oil and gas industry, Saudi Aramco's Chief Technology Officer, Ahmad Khowaiter, told Sputnik on Tuesday."We are interested in using the blockchain technology. We are evaluating, it has a lot of advantages in ensuring the quality of product and the source of the product. There are a lot of challenges in identifying sources of production and also for tracking quality, in which we think there is an opportunity to utilize blockchain. We are interested in it, we are testing it in some applications," Khowaiter said on the sidelines of the CERAWeek conference in Houston, Texas.
Aramco CEO Amin Nasser said in late February that Saudi Arabia was working on technology to produce oil with emissions close to zero, while its current CO2 output from crude production was already among the lowest.
A study by Stanford University published in August found that Saudi crude production results in 5 grams of emissions per every megajoule of crude.
