Challenges and opportunities for the energy oil and gas industry. Digital transformation, Blockchain, AI, IOT, ICOs in a new digital Crypto Economy, presentation and research by Dinis Guarda

1. @dinisguarda
Blockchain, AI, IOT and Crypto:
Challenges and opportunities for the
Energy Oil and gas Industry!
Blockchain Digital Transformation, AI, IOT, ICOs in a distributed
Emerging Crypto Economy.
By Dinis Guarda – Author, Blockchain, Digital, Crypto ICO Evangelist
Founder CEO: Ztudium, IntelligentHQ, tradersdna, HedgeThink, Blockchainage

2. How and why distributed ledger
solutions can and are disrupting/
innovating the whole Oil / gas /
energy industries?
@dinisguarda

3. What economic and technological models?
The
world
economy
and
technology
landscape
is
shi4ing
between
these
3
models,
and
going
in
the
direc8on
of
decentralised
distributed
models
made
possible
with
founda8onal
P2P
technology
and
distributed
ledger
tech
known
as
blockchain.
Energy
will
be
a
cri8cal
area
/
industry
that
will
cross
over
the
full
cycle
of
new
economic
models.
@dinisguarda

4.
As
the
Internet
becomes
360
and
we
are
going
through
the
incep8on
of
a
global
Internet
of
Everything
there
is
a
need
for
a
Trust
Protocol:
A
Ledger
of
Everything.
Blockchain
tech
is
the
open,
distributed,
global
plaIorm
that
fundamentally
changes
what
we
can
digitally,
how
we
do
it,
and
who
can
par8cipate.
A
world
wide
ledger
smart
contract
based
tech
powered
by
AI
system
of
plaIorms
as
a
service
evolving
the
world
economy
for
full
digitalisa8on
driven
by
P2P.
The
Oil
and
Gas
–
Energy
industry
are
in
the
confluence
of
all
these
innova8on
and
on
the
verge
of
a
major
digital
blockchain
disrup8on.
@dinisguarda

5. Digital transformation and
blockchain are critical and only way
for Oil and Gas / energy Industry!
@dinisguarda

6. Introduction - Context
Task
automa*on
Digital
Trust
distributed
database
Provenance
Supply
chain
auditability
P2P
Blockchain,
AI,
IOT
founda8onal
tech
digital
transforma8on
Energy
-­‐
oil
and
gas
Encrypted
cyber
security
Velocity
blurred
lines
between
physical
and
digital
@dinisguarda

7. Digital transformation and industrial revolution 4.0
Founda*onal
tech:
Blockchain,
AI
IOT
Industrial
Revolu*on
4.0
Energy
–
Oil
and
Gas
Sustainability
–
green
economics
–
carbon
footprint
Climate
exchange
@dinisguarda

8. Oil
and
Gas
Context
–
Needs:
1. Global
oil
and
gas
–
energy
industry
ecosystems
demand
new
digital
business
models
-­‐
license
solu8ons.
2. As
the
Physical
and
digital
blur
the
industry
needs
full
digitalisa8on
and
auditability.
3. There
is
a
need
for
leading
global
distributed
plaIorm(s)
and
databases
driven
by
360
disrup8ve
innova8ve
digital
tech
/
blockchain
/
AI
/
IOT
founda8onal
technologies!
Illustra8on
and
data
source:
Accenture
@dinisguarda

9. Oil
and
Gas
Industry
Context
–
Digital
Strategy
Needs:
@dinisguarda

10. The
8me
is
ripe
and
cri8cal
for
digital
disrup8on
in
the
oil
and
gas
industry.
To
survive,
oil
and
gas
and
any
global
industry
or
companies
must
be
bold
and
recognize
that
digital
presents
an
opportunity
to
disrupt
the
industry,
not
only
by
driving
the
next
wave
of
cost
efficiency,
but
also
by
securing
opera8onal
agility
to
beWer
manage
vola8lity
and
posi8on
for
growth.
Source:
hWps://www.accenture.com/gb-­‐en/insight-­‐digital-­‐oil-­‐and-­‐gas
Critical time for the oil and gas industry
@dinisguarda

11. The
leading
oil
and
gas
companies
have
to
successfully
execute
digital
in
the
following
various
ways:
1.
Create
new
business
models
and
enhance
channels
to
market
to
engage
customers
and
drive
revenue:
Use
new
business
models
to
open
up
new
revenue
streams
and
beWer
understand
changing
customer
behaviors
to
enhance
the
channel
to
market.
2.
Improve
opera8ons
to
increase
agility
and
beWer
manage
vola8lity:
Use
the
Internet
of
Things
to
drive
automa8on
and
improve
upstream
and
downstream
core
opera8onal
efficiencies.
3.
Enhance
the
back
office
to
realize
produc8vity
gains:
Take
advantage
of
new
collabora8on
technologies
and
ar8ficial
intelligence
to
improve
produc8vity
and
safety
across
the
enterprise.
Source:
hWps://www.accenture.com/gb-­‐en/insight-­‐digital-­‐oil-­‐and-­‐gas
Considerations for the oil and gas industry
@dinisguarda

12. Oil
and
gas
leaders
need
to
ask
themselves
five
key
ques8ons
to
drive
digital
transforma8on
in
their
businesses:
1.
What
is
the
level
of
ambi*on
for
digital
from
the
team
and
organisa*on?
2.
What
is
the
intent
and
remit
of
digital
and
the
right
aim
to
put
in
prac*ce?
3.
How
is
digital
governed
across
the
organiza*on?
4.
What
changes
are
required
to
deliver
digital?
5.
What
untapped
value
resides
in
the
organiza*on’s
data,
founda*onal
technologies
such
as
IOT
and
blockchain
capacity?
Questions for the oil and gas industry
Illustra8on
and
data
source:
Accenture
@dinisguarda

13. The
increasing
digital
landscape
will
reach
the
energy
industry:
Websites,
apps,
IOT
sensors,
AR,
VR,
wearable’s;
There
are
over
1
billion
websites
in
the
world;
There
are
an
es8mated
50
billion
IoT
Sensors
out
there
around
2020;
More
than
200
billion
plaIorms
“Things”
on
the
Internet
of
Everything's
by
2030.
IOT
is
par8cular
key
for
the
Energy
industry
Context – Digital disruptive tech increasing bigger waves
@dinisguarda

14. Industry Mega trends
Source
Leading
prac8ce
Link
hWp://www.leadingprac8ce.com/industry-­‐standards/energy/oil-­‐gas/
+
Green
energy,
Carbon
footprint
Innova8on
and
clean
models
@dinisguarda

15. The global present tech landscape
Energy
industry
digitalisa8on
blockchain
process
Clean
green
energy
solu8ons
and
needs
@dinisguarda

16. IOT
AI
The global present social economic tech landscape
Energy
–
oil
and
gas
@dinisguarda

17. Digital transformation in oil and gas with Blockchain / IOT
@dinisguarda

18. Blockchain foundational technology in oil and gas
Processing
transac8ons
in
automated,
real-­‐8me
fashion
based
on
parameters
agreed
to
by
peers
opera8ng
one
or
more
nodes
in
an
energy
blockchain
could
unlock
massive
savings
by
elimina8ng
the
8me
and
money
being
spent
to
produce,
transport,
trade,
process,
reconcile
and
store
transac8ons
within
organiza8ons,
between
organiza8ons
as
counterpar8es
to
a
transac8on
or
by
channeling
them
through
centralized
exchanges
and
clearinghouses.
BTL
Group
published
its
first
white
paper
online
@dinisguarda

19. Blockchain foundational technology in oil and gas
“Blockchain’s
immutable
record
and
consensus
mechanism
work
to
avert
this
type
of
threat.
If
vigilance
fails
when
a
compromised
invoice
arrives,
and
a
transac8on
is
ini8ated,
it
would
be
flagged
as
invalid
as
soon
as
it
was
broadcast
to
the
network”
hWp://microgridmedia.com/mul8ple-­‐billion-­‐dollar-­‐rewards-­‐blockchain-­‐energy-­‐networks-­‐can-­‐live-­‐hype/
BTL
Group
published
its
first
white
paper
online
@dinisguarda

20. Blockchain foundational technology in oil and gas
Source
EY
@dinisguarda

21. Context – Trends and scenarios
Graphic Frank Diana
@dinisguarda

22. Energy
–
oil
and
gas
@dinisguarda

23. So
digital
strategy
/
digital
transforma8on
evolving
with
distributed
ledger
is
not
be
a
ques8on
but
is
becoming
the
norm!
The
focus
is
how
new
evolving
business
Digital
models
powered
by
blockchain,
AI
and
IoT
will
be
not
only
transforma8ve
but
also
master
tools
and
create
new
PlaIorm
as
a
Service
solu8ons
for
Oil
and
gas
at
large
industry,
organisa8ons,
data
and
people.
Digital Matters and needs New Platforms
@dinisguarda

24. Blockchain is a massive digital
excel database of all things digital
identity that can leverage the
physical to digital needs of the oil
and gas energy
Images
Source:
hWps://www.accenture.com/gb-­‐en/insight-­‐digital-­‐oil-­‐and-­‐gas
@dinisguarda

25. Blockchain new norm - ecosystem
Blockchain
P2P
founda*onal
tech
based
in
Smart
contracts,
plaXorm(s),
distributed
database(s)
Oil
and
gas
-­‐
energy
@dinisguarda

26. Context – Oil and Gas Blockchain advantages
@dinisguarda
Source
McKinsey
&
Company
and
Intelligenthq
hWps://www.intelligenthq.com/innova8on-­‐management/how-­‐to-­‐deploy-­‐a-­‐blockchain-­‐project/

27. Blockchain anticipated benefits
@dinisguarda
Source
The
benefits
and
use
cases
for
blockchain
technology
in
banking
hWp://www.consultancy.uk/news/12801/the-­‐benefits-­‐and-­‐use-­‐cases-­‐for-­‐blockchain-­‐technology-­‐in-­‐banking

28. Blockchain Ondiflo case study in perspective
@dinisguarda

29. ODMC coin to invest in oil and gas one case study
Links
hWps://odmcoin.com/
hWps://odmcoin.com/welcome/news/4
@dinisguarda

30. oil and gas one blockchain case studies
@dinisguarda

31. blockchain and the emergence of a new crypto economy
@dinisguarda
Financial
Ins*tu*ons
Should
adopt
digital
currencies
in
5
years,
Says
IMD
MD.
In
its
early
2016
staff
paper,
IMF
considers
distributed
ledgers
to
have
the
capability
to
revolu8onize
the
financial
sector
through
cost
reduc8on
and
deeper
financial
inclusion
in
the
long
term.
Chris8ne
Lagarde
cited
its
support
for
the
financial
applica8ons
of
Blockchain
technology
and
crypto
currencies
.
“Crypto
currencies
Should
Not
Be
Ignored
by
Governments”
Chris*ne
Lagarde

32. New Investment models VC, ICOs, Crowdfunding
ICO
money
passed
VC
investments
in
2017
and
the
energy
industry
world
will
not
be
different
@dinisguarda

33. ICOs DNA
“The
killer
app
for
the
blockchain
is
not
tokens,
but
it
is
how
to
design
private
economies.
Tokens
are
just
enablers
to
that.”
William
Mougayar
“With
public
money
comes
greater
responsibility.
Doing
a
public
crowdfunding
campaign
is
a
two-­‐way
street.
It’s
almost
like
being
a
public
company
from
Day
One.
It’s
not
easy
being
in
the
public
eye.
If
you
can’t
deliver
the
transparency,
don’t
take
that
path.
And
if
we
don’t
self-­‐govern
to
higher
standards,
the
regulators
will
come
and
put
a
damper
on
this
journey.”
William
Mougayar
William
Mougayar
@dinisguarda

34. An
unregulated
means
by
which
funds
are
raised
for
a
new
cryptocurrency
venture.
An
Ini8al
Coin
Offering
(ICO)
is
used
by
startups
to
bypass
the
rigorous
and
regulated
capital-­‐raising
process
required
by
venture
capitalists
or
banks.
In
an
ICO
campaign,
a
percentage
of
the
cryptocurrency
is
sold
to
early
backers
of
the
project
in
exchange
for
legal
tender
or
other
cryptocurrencies,
but
usually
for
Bitcoin.
Ini8al
Coin
Offering
(ICO)
Defini8on
|
Investopedia
hWp://
www.investopedia.com/terms/i/ini8al-­‐coin-­‐offering-­‐ico.asp#ixzz4pprQMdpR
ICOs and regulation
@dinisguarda

35. ICOs business model and what road map(s)?
Powered
by
360
AI
distributed
ledger
and
smart
contract
tech!
Plus
a
right
regulatory
frame
and
solid
business
model

36. How to build an ICOs – Context Energy industry
@dinisguarda

37. AI = Humans, Creators, Shareholders - Systems
Energy
–
oil
and
gas
fundamental
cri8cal
founda8on
@dinisguarda

38. A
second
wave
of
business
and
digital
technologies
looks
set
to
reshape
it,
propelled
by
a
series
of
macroeconomic,
industry
and
technology
trends:
–
Disrup8on
in
supply,
demand
and
commodity
prices.
The
industry
is
witnessing
one
of
its
worst
downturns,
driven
by
a
supply-­‐side
disrup8on.
–
Rapid
advances
in
technology.
The
growing
sophis8ca8on
of
plaIorms,
as
well
as
mobility,
surveillance,
connec8vity
and
storage
technologies,
coupled
with
the
ability
to
process
and
analyse
data
rapidly,
enhance
agility
and
support
real-­‐8me
decision
making
and
execu8on.
–
Changing
consumer
needs
and
expecta8ons.
Across
industries,
consumers
expect
increased
engagement,
personaliza8on
and
speed.
They
are
also
paying
more
aWen8on
to
environmental
issues,
which
influences
their
energy
choices;
seeking
transparency
from
companies
in
different
areas
(e.g.
emissions
or
hydrocarbon
sources);
and
growing
in
technical
sophis8ca8on
by
being
connected
to
mul8ple
technology
and
digital
plaIorms.
Source
World
Economic
Forum
hWp://reports.weforum.org/digital-­‐transforma8on/wp-­‐content/blogs.dir/94/mp/files/pages/files/d8-­‐oil-­‐
and-­‐gas-­‐industry-­‐white-­‐paper.pdf
“Blockchain
technology
and
smart
contrac8ng
will
not
only
disrupt
the
financial
sector,
but
will
also
automate
transac8ons
and
deliver
more
transparency
in
the
Oil
and
Gas
global
value
chain.
As
these
innova8ons
allow
for
direct
transac8ons
between
par8es
in
the
value
chain,
they
will
be
an
enabler
to
lower
the
costs
for
all
par8es."
Eelco
Hoekstra,
Chairman
of
the
Execu8ve
Board
and
Chief
Execu8ve
Officer,
Royal
Vopak
@dinisguarda

39. Map
the
business
landscape,
sector,
create
blockchain
Data
driven
AI
digital
iden8ty
B2B2C
plaIorm
offering
auditability
searchable
directory
profiling
and
connec8ng
internal
teams,
organisa8ons
resources
&
opportuni8es
Provide
a
clear
KPIs
with
digital
message
/
smart
contracts
and
trust
IP
for
organisa8on
and
a
clear
internal
hub
of
solu8ons
for
industry
using
research,
data,
analy8cs,
social
feedback
&
simple
tools
for
visual
analysis
Target
your
solu8ons
using
distributed
ledger
PAAS
for
oil
and
gas
audiences,
communi8es
and
build
a
P2P
B2B
community
with
provenance,
task
automa8on
and
collabora8on
to
improve
and
corroborate
efforts
in
ROI
and
ROA
Key elements for new blockchain digital PAAS
@dinisguarda

40. 1. What does a company aims to achieve and
how to do it with blockchain, what message, content, digital and social
media?
2. What is the main business focus? Goals variation between ROI -
Return on investment - and ROA Return on Attention. The blurring of
digital and physic on energy industry?
3. How much of this strategy has to be done with tech, Sales versus
other business / marketing / social media impact / community building
areas?
4. How much a company wants to engage its audience B2B2C in the
platform, with concrete solutions, smart contracts? define Percentage?
5. What audience(s) to prioritise – is the company able to create and
maintain a community of clients “investors in a token” PAAS?
Considerations synthesis - Top 10!
@dinisguarda

41. 6. What are the goals with the tech and platform,
social media / PR: outreach solutions? How to leverage clean
energy, carbon footprint and other green revolutions?
7. How much and how do you want to create, build and maintain a
platform and a B2B2C community?
8. What are the exact resources to make available – business logic,
segments long tail of industry, right tech to offer, message, internal /
external / partners, resource?
9. What budget required for digital transformation in the energy and
scale of adoption? (this needs to be very clear – engineers, software,
sales, PR…? what money amounts for this? based in goals). What time
frame?
10. What is the ultimate problem the industry want to solve? Articulate
this simple and efficiently with an increasing climate change geopolitic
divided world.
Considerations synthesis - Top 10!
@dinisguarda

42. Digital proof of identity – smart contract Identify Distributed database transparent and scalable
Provenance Supply chain Capacity to identify and organise quality data and sources
AI - Deep learning
Use AI to create trust, process, automate and accelerate
process
Digital trust - credibility
Can access right trust information and profiles
Distributed database
Technological capacity to scale and manage different
databases and index
Brand, content, social influence, SEO Augment organisations brand outreach and visibility, search
Big data analytics - APIs
Can improve data and performance while having access to
general analytics
Holistic overview of digital transformation / blockchain tech
@dinisguarda

43. it
is
difficult
to
imagine
the
world
in
5/10
years,
(and
the
energy
and
oil
and
gas
energy)
and
although
the
previous
industrial
eras
were
impacIul,
disrup8ve
it
will
not
compare
to
what
lies
ahead.
The
danger
of
vastly
under-­‐
es8ma8ng
the
sheer
velocity
of
change
is
real.
For
example,
in
just
three
months,
the
projec8on
for
the
number
of
autonomous
vehicles
sold
in
2035
went
from
100
million
to
1.5
billion.
Scenarios – Digital Evolution – Singularity Tech
@dinisguarda

44. 1. Code is changing the world, aka Software is eating the world: code - digital
identity are the commodity! The physical and digital are blurring this will
change all the oil and gas very offline industry as a whole. This is
happening for the Oil and Gas just slower.
2. Value has shifted to asset-light evolving platforms as a service driven by
data pattern powered blockchain, IOT, AI tech! IOT is critical for the energy
industry and associated with blockchain can disrupt and innovate the entire
industry.
3. Vertical is the new horizontal – digital identity blockchain, IOT data identity
based products, services and profiles;
4. Business is about data ecosystems, decentralised, distributed databases &
alliances.
5. Business models need to focus shift from meaningful internal offline
evangelisation to external P2P interactions and PAAS!
6. Key to go from Rule-based to P2P Pattern Recognition finding
solutions for an increasingly PAAS P2P distributed communities and
digital world! The energy industry will need this more than ever!
Summary 6 Notes
@dinisguarda

45. The
Oil
and
Gas
industry
has
been
slowly
to
adopt
digital
transforma8on
but
as
the
global
economy
transforms
itself
has
to
move
faster.
Blockchain,
with
IOT
and
AI
can
solve
a
lot
of
issues
this
industry
presently
have.
Digital
transforma8on,
digital
strategy
isn’t
only
about
tools
and
technology
but
finding
solu8ons
to
global
problems
fast
and
furiously
and
in
a
scalable
way.
Elon
Musk
has
proved
that
it
is
possible
to
disrupt
the
most
centralised
of
the
industries
with
innova8on
and
advanced
digital
models.
The
Oil
and
Gas
-­‐
Energy
industries
are
the
ones
that
will
be
more
disrupted
by
the
new
wave
of
digital
transforma*ons
and
special
blockchain,
IOT
AI.
This
is
a
big
opportunity
to
build
a
leading
oil
and
gas
powered
by
blockchain
PAAS
offering
specific
scalable
smart
contracts
and
distributed
ledgers
solu*ons
for
the
industry
and
its
players
that
can
scale
and
create
economy
of
scale
and
improve
sustainability
and
other
360
areas.
Conclusion
@dinisguarda

46. thank you
Dinis Guarda – Author, Blockchain, Digital, Crypto ICO Evangelist
Founder CEO: Ztudium, IntelligentHQ, tradersdna, HedgeThink, Blockchainage
info@ztudium.com
BLOCKCHAINAGE