The Roundtable on Sustainable Biomaterials and Bioledger are using blockchain technology to fight fraud and see how it can support traceability of biofuel and its feedstocks and overcome the vulnerabilities identified in securing the supply of sustainable renewables. The proposed solution a blockchain database that enables verifiable proof of origin, secure consignment creation, process simplification, audit efficiency, data integrity, and central governance was prototyped and trialed with project partners to process a total of 1,927,906 liters of feedstock, accurately representing real-life commercial and operational processes.
In today’s Digest, how blockchain can help prevent fraud in biofuels, details on this RSB, Bioledger project which included Greenergy and other real-world biofuels players, reactions from the stakeholders, and more.
Fighting Fraud with Tech – RSB, Bioledger Build up Blockchain for Biofuels Traceability – Advanced BioFuels USA
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The H2020 project of the European University Alliance Unite! officially launched
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[A] We manage our total proved reserves base without distinguishing between proved reserves from subsidiaries and those from joint ventures and associates.
[B] Includes proved reserves associated with future production that will be consumed in operations.
[C] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel.
How this risk is managed:
We continue to explore for and mature hydrocarbons across our Deep Water, Conventional Oil and Gas, Shales and Integrated Gas businesses. We use our subsurface, project and technical expertise, and actively manage non-technical risks across a diversified portfolio of opportunities and projects. This involves adopting an integrated approach for all stages, from basin choice to development. We use competitive techniques and benchmark our approach internally and externally.