Assessment of the Scope of oil and Gas Companies' Activities based on their Readiness to Accept Blockchain Technology

Abstract

Changing caused by blockchain requires preparation, and this preparation can facilitate the conditions for acceptance and implementation of blockchain. Without examining the readiness of the industry to embrace blockchain, cannot expect the various areas of activity in the energy industry to receive a good or appropriate response from the implementation of blockchain schemes. Therefore, the main question of this study was to determine what framework could be devised for preparing different domains for acceptance of blockchain in order to evaluate the activity of oil and gas companies? This study investigates the concept of blockchain and derives a framework for measuring readiness for blockchain acceptance. Then the field of activity of the companies in the oil and gas sector was identified and these areas were evaluated on the basis of blockchain readiness indicators. The research method is descriptive and applied and the opinions of 15 experts were used for pairwise comparisons and assessing the readiness of companies in the oil and gas sector. Based on the results, the energy trading area at the level of sales to other partner companies is most likely to accept blockchain. After that, the energy trade comes second in sales to the customer. In third place is the development and design of applications in the field of blockchain-based energy services.

Keywords

• blockchain
• blockchain readiness
• energy sector
• corporate activity in the energy sector
• readiness assessment