Convergence can unleash blockchain for oil and gas
The ability to consolidate peer-to-peer decentralised technology into a variety of systems aids productivity as well as tracking of sustainable business practices
Blockchain technologies not only integrate well into the oil and gas sector but also help deliver important operational and business value. One plus one really can equal three, but it depends on who is doing the counting and how. Blockchain innovators are already highlighting the merits of working closely with other technologies, such as the Internet of Things (IoT). But convergence in the sense of close collaboration, or even mutual co-dependence with other technologies, raises a number of questions for oil and gas companies interested in blockchain possibilities: What exactly is convergence and is it a material consideration? How does blockchain interact with other technologies? Where
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations






