Raj Rapaka

Raj will give an overview of Blockchain technology and its applications for the oil & gas sector. In his role as Chairman of the Board for the Blockchain for Energy consortium, representing ExxonMobil, he has been a part of the innovation journey from discovery to incubation to acceleration for various products. He will talk about the logistics module developed by the consortium as well as shed light on the learnings so others can benefit from the work done. 

Pillar 1: Smart Contracts 

Streamlining and automating external workflows through smart contracts 

Pillar 2: Track and trace  

Increasing the transparency, traceability, provenance, and guarantee of origin for goods 

Pillar 3: Digital Identity  

Decentralized identity for people and firms for easier KYC and onboarding 

Pillar 4: Payments

Increasing the efficiency of payments to suppliers through secure, automated, lower-cost, and instantaneous transactions 

Pillar 5: Real World Asset (RWA) Tokenization

Tokenizing assets to enable fractional ownership, digital exchange, and increased liquidity 

• Balancing the need to maximize existing technologies and ensure gradual workplace adoption while also maintaining the pace of innovation 
• Understanding the importance of evidential outcomes to build frontline workers' confidence in new tech 
• Consistently capturing data to ensure long-term ROI from current technology stacks 
• Strategically managing the risks of adopting a slower innovation pace, considering market pressures