Blockchain Technology for Oil and Gas: Implications and Adoption Framework Using Agile and Lean Supply Chains

Oil and gas (O&G) supply chain management (SCM) is complex because it deals with different geographic locations to manage demand supply, transportation, inventory, distribution. Blockchain technology has created an interesting research gap in the SCM domain, this study designed describe relevancy of blockchain for O&G SCM. based on agile lean chains (SCs). Agile SC focuses increasing flexibility responsiveness gain competitive advantages, eliminating waste processes improve firm performance. This initial effort propose a framework that suggests implication by providing overview Data were collected from managers companies, we analyzed impact SCs The results indicate highly important industries comparison SC. proposes key requirements how can uplift state-of-the-art properties such as data-driven management, information sharing, data privacy, cyber-security, transparency, smart contracts, visibility, traceability, reliability, which boost agility well