Embed Size (px)
Citation preview
@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
How and why distributed ledger solutions can and are disrupting/innovating the whole Oil / gas / energy industries?
@dinisguarda
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
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
Digital transformation and blockchain are critical and only way for Oil and Gas / energy Industry!
@dinisguarda
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
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
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
Oil and Gas Industry Context – Digital Strategy Needs:
@dinisguarda
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
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
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
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
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
The global present tech landscape
Energy industry digitalisa8on blockchain process Clean green energy solu8ons and needs
@dinisguarda
IOT AI
The global present social economic tech landscape
Energy – oil and gas
@dinisguarda
Digital transformation in oil and gas with Blockchain / IOT
@dinisguarda
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
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
Blockchain foundational technology in oil and gas
Source EY
@dinisguarda
Context – Trends and scenarios
Graphic Frank Diana
@dinisguarda
Energy – oil and gas
@dinisguarda
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
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 energyImages Source: hWps://www.accenture.com/gb-‐en/insight-‐digital-‐oil-‐and-‐gas
@dinisguarda
Blockchain new norm - ecosystem
Blockchain P2P founda*onal tech based in Smart contracts, plaXorm(s), distributed database(s)
Oil and gas -‐ energy
@dinisguarda
Context – Oil and Gas Blockchain advantages
@dinisguardaSource McKinsey & Company and Intelligenthq hWps://www.intelligenthq.com/innova8on-‐management/how-‐to-‐deploy-‐a-‐blockchain-‐project/
Blockchain anticipated benefits
@dinisguardaSource 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
Blockchain Ondiflo case study in perspective
@dinisguarda
ODMC coin to invest in oil and gas one case study
Links hWps://odmcoin.com/ hWps://odmcoin.com/welcome/news/4 @dinisguarda
oil and gas one blockchain case studies
@dinisguarda
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
New Investment models VC, ICOs, CrowdfundingICO money passed VC investments in 2017 and the energy industry world will not be different
@dinisguarda
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
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
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
How to build an ICOs – Context Energy industry
@dinisguarda
AI = Humans, Creators, Shareholders - Systems
Energy – oil and gas fundamental cri8cal founda8on @dinisguarda
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
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
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
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
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
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
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
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
thank you Dinis Guarda – Author, Blockchain, Digital, Crypto ICO Evangelist Founder CEO: Ztudium, IntelligentHQ, tradersdna, HedgeThink, [email protected]
BLOCKCHAINAGE
