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Ondiflo processed the 9,500th produced water haul in the Texas oilfield on its Blockchain based platform yesterday.

Ondiflo processed the 9,500th produced water haul in the Texas oilfield on its Blockchain based platform yesterday.

 

Watch this space for an update as we cross the 10,000 haul mark sometime next week.

 

The proof of value project has focused on the business case from the producer as well as the trucking company perspectives. Establishing the cost savings and how to realize them by retiring systems or roles in the current process leads us to the next phase of rolling out to 'production labs'.

 

Next stop Permian? Eagleford? Bakken? Haynesville? Currently at 90%+ accuracy of automated approvals for water hauling field tickets where the data is available.

We keep working on this and other use cases where we can show a direct line of sight between the cost of implementing a secure blockchain platform and the savings from the efficiencies delivered. Our thanks to support from the companies participating in the first proof of value project and to groups like BITA, PIDX, Vakt and OOC who have kept the discussions going for industry adoption. We will be sharing our learnings so far with these and other partners so do join us if we can help in your enterprise blockchain journey or making the business case.