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Blockchain in Oil and Gas Market

Blockchain in Oil and Gas Market By Supply Chain Management (Provenance Tracking, Asset Tracking); By Smart Contracts and Automation (Smart Contracts for Transactions, Automated Payments); By Title and Ownership Verification (Blockchain for Land Titles, Tokenization of Assets); By Data Security and Integrity (Immutable Data Storage, Encryption and Authentication); By Oil and Gas Trading Platforms (Blockchain-Based Trading Platforms, Smart Contracts for Trading); By Compliance and Regulatory Reporting (Automated Compliance Checks, Streamlining Reporting); By Decentralized Energy Trading (Peer-to-Peer Energy Trading, Renewable Energy Credits); By Identity and Credential Management (Blockchain-Based Identity Verification, Access Control); By Risk Management and Insurance (Smart Contracts for Insurance, Risk Mitigation); By Environmental, Social, and Governance (ESG) Reporting, Transparent ESG Reporting, Carbon Credit Trading); By Collaborative Industry Platforms (Consortiums and Alliances); By Tokenization of Oil and Gas Assets (Digital Securities); By Region – Growth, Future Prospects & Competitive Analysis, 2023 – 2030

Summary
Table Of Content

Market Insights

The global demand for blockchain in oil and gas was valued at USD 100.8 million in 2022 and is expected to reach USD 7198.72 million in 2030, growing at a CAGR of 70.50% between 2023 and 2030.
Provenance tracking is the most significant component of supply chain management. On the other hand, asset tracking is expected to grow at a strong CAGR.
The leading smart contracts and automation segment is automated payments.
The CAGR for blockchain for land titles is expected to be the highest during the projection period.
During the forecast time frame, the immutable data storage category will likely have the highest CAGR.
Blockchain-based trading platforms are estimated to have the greatest CAGR during the forecast period.
The automated compliance checks segment will likely have the highest CAGR during the prediction period.
Peer-to-peer energy trading represents the largest category of decentralized energy trade.
The blockchain-based identity verification segment will see the highest CAGR during the anticipated period.
Smart insurance contracts are estimated to develop at a strong CAGR.
Over the anticipated timeframe, the transparent ESG reporting category is expected to expand at the fastest compound annual growth rate (CAGR).
The category with the highest compound annual growth rate (CAGR) over the predicted period is consortiums and alliances.
The demand for digital securities is growing. Blockchain technology is used to digitally represent digital securities, which are the same type of traditional financial assets that investors are used to.
Asia Pacific dominated the blockchain in the oil and gas market.
In the market for blockchain in oil and gas, Europe is expected to be the second-largest region.
North America is anticipated to grow fastest in the market for blockchain in oil and gas.

Solutions become more capable when blockchain is integrated with other cutting-edge technologies like IoT, AI, and big data analytics. Enhanced digitization, more thorough understanding, and higher productivity across the board in the oil and gas sector.
The demand for increased transparency and verification, improved shipping and trade, and management of royalties and earnings sharing is driving the adoption of global blockchain technology in the oil and gas sector.

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Executive Summary

Market Definition

Distributed ledger technology is being applied to improve multiple parts of the oil and gas industry’s operations through blockchain technology. Blockchain is a distributed, decentralized ledger technology that records payments via a network of computers (nodes) in a safe, transparent, and unhackable manner. Blockchain technology’s use to resolve problems, boost output, and encourage transparency—particularly in the oil and gas industry.

Market Overview

Blockchain in the oil and gas industry has been growing significantly in recent years, and it is projected to grow at a CAGR of 70.50% between 2023 and 2030. The market was estimated to be worth USD 100.8 million in 2022, and it is anticipated to be worth USD 7198.72 million in 2030.

Crude oil transactions can be digitalized with blockchain, ensuring increased security, increased transparency, and maximized efficiency. The first company to use blockchain technology in the commodity trading of US crude oil transactions was the French corporate and financial bank Natixis.

A secure personal blockchain network could be used to keep track of contractor and staff certifications (e.g., welding, first aid, and H2S training). Apart from augmenting confidence between corporations and subcontractors/workers, this blockchain network can reduce recruiting expenses while guaranteeing enhanced job safety and productivity. These are the significant factors expected to boost the growth of the blockchain in the oil and gas market.

Segmentation by Supply Chain Management

By supply chain management, provenance tracking is the market leader. Blockchain-based provenance tracking can help the oil and gas industry achieve supply chain efficiency, security, and transparency. The blockchain allows for the tracking of each stage of the supply chain for oil and gas, including extraction, transportation, and processing. This contains information regarding the number, quality, location, and duration of the people involved.
The asset tracking category will exhibit a sizable CAGR during the projected period. Using the autonomous and transparent features of blockchain technology, asset tracking in the oil and gas sector entails using it to track and manage physical assets along the supply chain.

Segmentation by Smart Contracts and Automation

The main smart contracts and automation category is automated payments. Smart contracts serve as self-executing agreements with well defined provisions encoded into them. Payment transactions can be automated and enforced with these contracts. Payments are made automatically when the trigger conditions in the smart contract are met.
The smart contracts for transactions category will likely register a significant CAGR during forecasting. Apps on a blockchain called smart contracts enable each party to complete a transaction to fulfill its portion. For instance, to confirm that the transfer occurred, a smart contract could start a financial transfer with a third party.

Segmentation by Title and Ownership Verification

It is predicted that over the projection period, the blockchain for land titles category will grow at the fastest rate. With the help of a blockchain land registration platform, one can upload the title documents to the network so that signers can affix their signatures and other users can confirm it as needed. Blockchain can avoid document forgeries and demonstrate the ownership of a land title by maintaining an unchangeable record of transactions.
Tokenization of assets also contributes to the demand for blockchain in oil and gas.

Segmentation by Data Security and Integrity

During the projection period, the immutable data storage category will likely have the highest CAGR. A system that prevents data from being changed, tampered with, or erased once written is known as immutable data storage.
Encryption and authentication also contribute to the demand for blockchain in oil and gas.

Segmentation by Oil and Gas Trading Platforms

Blockchain-based trading platforms will be expected to have the foremost CAGR during the prediction period. Energy commodity purchasing and selling can be made more efficient, transparent, and secure using blockchain-based trading platforms in the oil and gas sector.
Other oil and gas trading platforms, such as smart contracts for trading, also contribute to the demand for blockchain in oil and gas.

Segmentation by Compliance and Regulatory Reporting

Throughout the forecast duration, the category for automated compliance checks is anticipated to have the greatest CAGR. Automated compliance checks pertain to the automatic evaluation and verification of conformity with industry standards, internal policies, and regulatory requirements through technology, typically in the form of software and algorithms.
Streamlining reporting also contributes to the demand for blockchain in oil and gas.

Segmentation by Decentralized Energy Trading

The highest CAGR is anticipated for peer-to-peer energy trading throughout estimation. By exchanging energy directly with one another instead of through middlemen like utility corporations, peer-to-peer (P2P) energy trading is a decentralized method of purchasing and selling electricity.
Other decentralized energy trading, such as renewable energy credits, also contribute to the demand for blockchain in oil and gas.

Segmentation by Identity and Credential Management

Over the estimation period, blockchain-based identity verification is expected to have the greatest CAGR. Blockchain technology to verify the identities of people or entities is a novel technique known as blockchain-based identity verification. Identity verification methods are made more dependable, private, and effective by utilising the decentralised and secure features of blockchain technology.
Access control also contributes to the demand for blockchain in oil and gas.

Segmentation by Risk Management and Insurance

Over the estimated timeframe, the smart insurance contracts are anticipated to experience the highest CAGR. Insurance policies may be automatically issued by smart contracts when certain predetermined criteria are satisfied. This could involve conditions such as receipt of payment confirmation, finishing a risk assessment, or meeting other pertinent standards.
Other risk management and insurance, such as risk mitigation, also contribute to the demand for blockchain in oil and gas.

Segmentation by Environmental, Social, and Governance (ESG) Reporting

During the projection period, the category with the largest compound annual growth rate will likely be transparent ESG reporting. For businesses to effectively communicate their sustainability and ethical business practices to a wide range of clients, including investors, consumers, staff members, and regulatory agencies, transparent Environmental, Social, and Governance (ESG) reporting is essential.
Carbon credit trading also contributes to the demand for blockchain in oil and gas.

Segmentation by Collaborative Industry Platforms

Consortiums and alliances are predicted to have the most prominent CAGR during the estimation period. In the oil and gas sector, consortiums and alliances are cooperative arrangements created by businesses, associations, or interested parties to tackle shared problems, pool resources, and carry out cooperative projects. These alliances are frequently formed to reap advantages for both parties, including financial savings, risk reduction, technical advancement, and the creation of common infrastructure.

Segmentation by Tokenization of Oil and Gas Assets

Digital securities will tend to have the highest CAGR over the forecast period. Because of digital securities, tangible assets in the oil and gas sector, like as oil resources, exploration rights, and infrastructure projects, can be tokenized.

Segmentation by Region

Asia Pacific leads the blockchain in the oil and gas market. Blockchain makes it possible for businesses to measure greenhouse gas emissions throughout the lifespan of oil and gas, according to carbon rules and encouraging environmentally friendly operations. Asia-Pacific, where nations are actively working towards decarbonization targets, is increasingly concerned about this.
Europe is estimated to rank second in market size for blockchain in oil and gas.
North America will witness the most rapid growth in the blockchain in the oil and gas market.
The remaining blockchain in oil and gas demand is satisfied by regions of the world, such as Africa, the Middle East, and Latin America.

The global blockchain in the oil and gas industry is driven by the growing need for accountability and traceability, optimizing trade and transportation, and controlling royalties and profit sharing.

During forecasting, Asia Pacific will probably rule the blockchain in the oil and gas market. Being one of the most lucrative non-renewable energy sources in the Asia Pacific, oil might make an excellent cryptocurrency to use instead of traditional financial transactions. Furthermore, a cryptocurrency of this kind might allow value to be transferred directly between different industry participants, eliminating the necessity for a reliable intermediary like a bank.

The Asia Pacific oil and gas sector is highly regulated, with rules from multiple regulatory bodies ranging from taxation to environmental. Since all transactional data is kept on a blockchain system that is accessible in real-time, regulatory bodies will be able to maintain maximum visibility within the industry.

The North American area is projected to grow fastest throughout the forecast. Land transaction documents, which reflect investments worth millions of dollars, are crucial for oil and gas corporations operating in North America to manage effectively. Forgeries and other illegal activity might easily occur during the laborious traditional procedure of keeping such a record. An irreversible record of land ownership, transfer, and value might be created by storing such a crucial piece of paperwork on the blockchain. Blockchain technology is being investigated as a potential remedy in Georgia, a state with a high rate of land ownership conflicts. The expansion of the blockchain in the oil and gas sector in North America can be attributed to all these factors.

Key Highlights of the Report

The global blockchain in the oil and gas market is segmented by supply chain management, smart contracts, and automation, title and ownership verification, data security and integrity, oil and gas trading platforms, compliance and regulatory reporting, decentralized energy trading, identity and credential management, risk management and insurance, environmental, social, and governance (ESG) reporting, collaborative industry platforms, tokenization of oil and gas assets, and region. In terms of supply chain management, provenance tracking leads the industry. Peer-to-peer energy trading is the top segment. During the forecast period, the blockchain-based identity verification category is expected to grow at the highest CAGR. The digital securities is anticipated to experience the highest CAGR during the forecast period. The market for blockchain in oil and gas is expanding at a rapid pace in Asia Pacific.

An Internet of Things (IoT) system consists of mechanical or computer devices that are networked and capable of exchanging data. The oil and gas sector largely depends on IOT devices to track activities and boost productivity. The problem is that existing IOT models rely on centralized communication mechanisms, such as the server/client model. These Internet of Things (IoT) devices are surrounded by physical proximity. However, they still need to transport data over the internet and rely largely on centralized storage systems that are highly susceptible to cyberattacks. These factors drive the growth of the global blockchain in the oil and gas market.

However, according to forecasts, Asia Pacific will hold the largest market share for blockchain in oil and gas globally. At every supply chain step, regulated materials in the Asia Pacific can be efficiently tracked with blockchain technology. Accountability within the sector may benefit from this. The North American region is also assumed to have the market’s sharpest growth. Prominent oil and gas firms in North America are actively working together to create industry-specific standards and best practices, appreciating the massive potential of blockchain technology. A consortium led by the Oil and Gas Climate Initiative (OGCI) has been established to promote the adoption of blockchain technology and tackle technical obstacles.

Which Key Factors Are Driving The Global Blockchain in the Oil and Gas Market?

The growth of the blockchain in the oil and gas market is driven by the potential for modernization of crude oil transactions, increased land record maintenance, and higher trust among industry participants.

What Are The Key Challenges In The Global Market For Blockchain in Oil and Gas?

The notion of unverified technology, early investment costs, and implementation difficulties are obstacles preventing blockchain’s expansion in the oil and gas industry.

What Market Opportunities Exist For Blockchain in Oil and Gas Globally?

The enhanced compliance, enhanced data storage for the Internet of Things, and tracking of hydrocarbons present ample opportunities for the blockchain in the oil and gas sector.

Market Drivers

Several factors influence the market for blockchain in oil and gas globally. The main factors influencing the market for blockchain in oil and gas globally are as follows:

Demand for Trust and Data Security is Rising

The boom of blockchain technology in the oil and gas industry is mostly due to the growing need for data security and trust. With the help of blockchain technology, data may be captured and removed, making it impossible for tampering or manipulation to occur. With the help of this function, vital data about the oil and gas industry supply chain, production, and exploration operations is better preserved. Transparency plays a crucial role in the oil and gas supply chain, which involves multiple stakeholders. Users may confirm the legitimacy and provenance of products through a transparent and traceable supply chain made possible by blockchain technology. This transparency also increases stakeholder trust and lowers the possibility of fraudulent activity in the supply chain. Cyberattacks can occur against conventional centralized databases. A single point of failure is less likely because of blockchain’s decentralized architecture, which also lessens the effect of cybersecurity risks. In general, this improves the oil and gas industry’s cybersecurity posture.

Market Restraints

Several challenges could prevent the expansion of the global market for blockchain in oil and gas. Among them are the following:

Large Initial Investment

One major barrier to the adoption of blockchain technology in the oil and gas sector is the substantial upfront cost. Infrastructure development must be strong and scalable in order to implement a blockchain system. This entails deploying the required hardware and software, configuring nodes, and guaranteeing network access. The initial outlay for constructing the necessary infrastructure can be high, particularly for smaller or resource-constrained businesses. This cost hurdle may hamper the adoption of blockchain technology.

Opportunities

The global market for blockchain in oil and gas presents significant potential opportunities. The following is an example of these:

Increasing Effectiveness and Transparency of the Supply Chain

The oil and gas business has numerous noteworthy opportunities when it uses blockchain technology to improve the efficiency and transparency of its supply chain. With the help of blockchain technology, all parties involved—upstream and downstream—can access a single, transparent, and unchangeable ledger that contains accurate information. From production to distribution, oil and gas products can be tracked in real-time due to this transparency, which also improves traceability. This transparency enhances supply chain integrity overall, lowers the chance of fraud, and guarantees product authenticity. An extensive array of rules and compliance requirements apply to the oil and gas business. Compliance management is made easier by the blockchain’s capacity to record securely and timestamp transactions. Businesses may more readily show that they are adhering to regulations, which lowers the possibility of fines and strengthens regulatory relationships.

Competitive Landscape

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Key Players

The global market for blockchain in oil and gas is very competitive, with many powerful players. Some of the leading market participants and their corresponding market shares are listed below:

IBM
Accenture
SAP
Microsoft
Infosys
HCL Technologies
Ondiflo
EY
Others

To stay competitive, these businesses prioritize product development, distribution network expansion, and mergers and acquisitions.

Leading rivals in the global blockchain in the oil and gas market always seek new products and innovations to get an edge.

In October 2023, Shell, Equinor, and IBM joined to launch a blockchain-based digital platform for reporting and tracking emissions. Throughout the oil and gas supply chain, this system seeks to increase emissions data verification and transparency.

In November 2022, Infosys and VMware collaborated to introduce the Blockchain-based Vital Records Management Solution. Through this relationship, Infosys verified crucial records using Ethereum and VMware Blockchain.

Summary of Key Findings

The blockchain in the oil and gas sector continues to grow because of business and government support.
The market is segmented by supply chain management, smart contracts, and automation, title and ownership verification, data security and integrity, oil and gas trading platforms, compliance and regulatory reporting, decentralized energy trading, identity and credential management, risk management and insurance, environmental, social, and governance (ESG) reporting, collaborative industry platforms, tokenization of oil and gas assets, and region.
The most popular supply chain management in the market is provenance tracking.
The most ubiquitous collaborative industry platforms fragment is consortiums and alliances.
Regarding CAGR, automated compliance checks are expected to grow fastest during the forecast period.
The peer-to-peer energy trading category will likely see the highest CAGR during the anticipated time frame.
Asia Pacific is leading market development; the market is highly competitive with key players including IBM, Accenture, SAP, Microsoft, Infosys, HCL Technologies, Ondiflo, EY, and others.

Future Outlook

Optimistic viewpoint for the global blockchain in the oil and gas market with noteworthy growth potential in the Asia Pacific region.
One of the key factors propelling the development of the blockchain in the oil and gas market is the supply chain’s rising efficacy and openness.
The huge initial investment could significantly challenge the market’s growth throughout the anticipated term.
Foremost companies must concentrate on product innovation, expanding their market reach, and maintaining competitive pricing to stay ahead.

How CXOs Can Benefit from the Credence Research Blockchain in Oil and Gas Market Report

The Credence Research Blockchain in Oil and Gas Market Report provides CXOs with a comprehensive overview of the market, including:

Market size and growth forecast: The report provides detailed estimates of the global blockchain in oil and gas market size, segmented by supply chain management, smart contracts and automation, title and ownership verification, data security and integrity, oil, and gas trading platforms, compliance and regulatory reporting, decentralized energy trading, identity and credential management, risk management and insurance, environmental, social, and governance (ESG) reporting, collaborative industry platforms, tokenization of oil and gas assets, and region. It also includes forecasts for the market through 2032 based on key trends and drivers.
Market segmentation: The report segments the blockchain in the oil and gas market by supply chain management, smart contracts and automation, title and ownership verification, data security and integrity, oil, and gas trading platforms, compliance and regulatory reporting, decentralized energy trading, identity and credential management, risk management and insurance, environmental, social, and governance (ESG) reporting, collaborative industry platforms, tokenization of oil and gas assets, and region. This segmentation provides CXOs with a granular understanding of the market and the opportunities in each segment.
Competitive landscape: The report profiles the key players in the blockchain in the oil and gas market and provides insights into their strategies, product offerings, and financial performance. This information can help CXOs to identify and assess their competition.
Key trends and drivers: The report identifies and analyzes the key trends and drivers that are shaping the blockchain in the oil and gas market. This information can help CXOs to make informed decisions about their investments and strategies.

CXOs can use the insights from the Credence Research Blockchain in Oil and Gas Market Report to:

Identify growth opportunities: The report can help CXOs identify new growth opportunities in the blockchain in the oil and gas market. For example, the report identifies the growing demand for blockchain in oil and gas from the upstream and midstream sectors as a key opportunity.
Make informed investment decisions: The report can help CXOs make informed investment decisions about blockchain in oil and gas. For example, the report provides insights into the key factors to consider when evaluating blockchain in oil and gas providers and selecting blockchain in oil and gas solutions.
Develop competitive strategies: The report can help CXOs develop competitive strategies for their blockchain in oil and gas businesses. For example, the report identifies the key strategies that blockchain in oil and gas providers are using to differentiate themselves from their competitors.
Track market developments: The report can help CXOs track market developments and stay ahead of the curve. For example, the report provides insights into the latest trends and innovations in the blockchain in the oil and gas market.

Overall, the Credence Research Blockchain in Oil and Gas Market Report is a valuable resource for CXOs who are looking to gain a deeper understanding of the market and identify growth opportunities.

Segmentation

By Supply Chain Management
- Provenance Tracking
- Asset Tracking
By Smart Contracts and Automation
- Smart Contracts for Transactions
- Automated Payments
By Title and Ownership Verification
- Blockchain for Land Titles
- Tokenization of Assets
By Data Security and Integrity
- Immutable Data Storage
- Encryption and Authentication
By Oil and Gas Trading Platforms
- Blockchain-Based Trading Platforms
- Smart Contracts for Trading
By Compliance and Regulatory Reporting
- Automated Compliance Checks
- Streamlining Reporting
By Decentralized Energy Trading
- Peer-to-Peer Energy Trading
- Renewable Energy Credits
By Identity and Credential Management
- Blockchain-Based Identity Verification
- Access Control
By Risk Management and Insurance
- Smart Contracts for Insurance
- Risk Mitigation
By Environmental, Social, and Governance (ESG) Reporting
- Transparent ESG Reporting
- Carbon Credit Trading
By Collaborative Industry Platforms
- Consortiums and Alliances
By Tokenization of Oil and Gas Assets
- Digital Securities
By Region
- North America
  - The U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - The U.K.
  - Italy
  - Spain
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - South Korea
  - South-east Asia
  - Rest of Asia Pacific
- Latin America
  - Brazil
  - Argentina
  - Rest of Latin America
- Middle East & Africa
  - GCC Countries
  - South Africa
  - Rest of the Middle East and Africa

CHAPTER NO. 1 : INTRODUCTION……………………………………………………………….. 27
1.1.1. Report Description ………………………………………………………………………………………. 27
Purpose of the Report……………………………………………………………………………………………27
USP & Key Offerings………………………………………………………………………………………………27
1.1.2. Key Benefits for Stakeholders………………………………………………………………………… 27
1.1.3. Target Audience ………………………………………………………………………………………….. 28
1.1.4. Report Scope 28
1.1.5. Regional Scope……………………………………………………………………………………………. 29
CHAPTER NO. 2 : EXECUTIVE SUMMARY………………………………………………………. 30
2.1. Blockchain in Oil & Gas Market Snapshot…………………………………………………………. 30
2.1.1. Global Blockchain in Oil & Gas Market, 2018 – 2032 (USD Million)…………………………. 31
CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS………………………………. 32
3.1. Russia-Ukraine and Israel-Palestine War Impacts ………………………………………………. 32
CHAPTER NO. 4 : BLOCKCHAIN IN OIL & GAS MARKET – INDUSTRY ANALYSIS …….. 33
4.1. Introduction 33
4.2. Market Drivers……………………………………………………………………………………………. 34
4.2.1. Enhanced Transparency and Traceability………………………………………………………….. 34
4.2.2. Cost Reduction and Operational Efficiency ……………………………………………………….. 35
4.3. Market Restraints………………………………………………………………………………………… 36
4.3.1. High Implementation Costs……………………………………………………………………………. 36
4.4. Market Opportunities…………………………………………………………………………………… 37
4.4.1. Growing Demand for Digital Transformation…………………………………………………….. 37
4.5. Porter’s Five Forces Analysis………………………………………………………………………….. 38
4.6. Value Chain Analysis…………………………………………………………………………………….. 39
4.7. Buying Criteria40
CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS………………………………………………… 41
5.1. Import Analysis by Region …………………………………………………………………………….. 41
5.1.1. Global Blockchain in Oil & Gas Market Import Volume/Revenue, By Region, 2018 – 2023 41
5.2. Export Analysis by Region……………………………………………………………………………… 42
GLOBAL BLOCKCHAIN IN OIL & GAS MARKET, 2018 – 2032
5.2.1. Global Blockchain in Oil & Gas Market Export Volume/Revenue, By Region, 2018 – 2023 42
CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS……………………………………………….. 43
6.1. Demand Analysis by Region…………………………………………………………………………… 43
6.1.1. Global Blockchain in Oil & Gas Market Demand Volume/Revenue, By Region, 2018 – 2023 43
6.2. Supply Analysis by Region……………………………………………………………………………… 44
6.2.1. Global Blockchain in Oil & Gas Market Supply Volume/Revenue, By Region, 2018 – 2023 44
CHAPTER NO. 7 : PRODUCTION ANALYSIS ……………………………………………………. 45
7.1. Production Analysis by Region ……………………………………………………………………….. 45
7.1.1. Global Blockchain in Oil & Gas Market Production Volume/Revenue, By Region, 2018 –
2023 45
CHAPTER NO. 8 : PRICE ANALYSIS……………………………………………………………….. 46
8.1. Price Analysis by Region ……………………………………………………………………………….. 46
8.1.1. Global Blockchain in Oil & Gas Market Price, By Region, 2018 – 2023……………………… 46
8.1.2. Global Component Market Price, By Region, 2018 – 2023…………………………………….. 46
8.2. Price Analysis by Component…………………………………………………………………………. 47
8.2.1. Global Blockchain in Oil & Gas Market Price, By Component, 2018 – 2023 ………………. 47
8.2.2. Global Component Market Price, By Component, 2018 – 2023 ……………………………… 47
CHAPTER NO. 9 : RAW MATERIALS ANALYSIS ……………………………………………….. 48
9.1. Key Raw Materials and Suppliers……………………………………………………………………. 48
9.2. Key Raw Materials Price Trend……………………………………………………………………….. 48
CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS ……………………………………… 49
10.1. Manufacturing Cost Analysis………………………………………………………………………….. 49
10.2. Manufacturing Process…………………………………………………………………………………. 49
CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE …………………………………… 50
11.1. Company Market Share Analysis – 2023…………………………………………………………… 50
11.1.1.Global Blockchain in Oil & Gas Market: Company Market Share, by Volume, 2023 …… 50
11.1.2.Global Blockchain in Oil & Gas Market: Company Market Share, by Revenue, 2023….. 51
11.1.3.Global Blockchain in Oil & Gas Market: Top 6 Company Market Share, by Revenue, 2023 51
11.1.4.Global Blockchain in Oil & Gas Market: Top 3 Company Market Share, by Revenue, 2023 52
11.2. Global Blockchain in Oil & Gas Market Company Volume Market Share, 2023…………. 53
11.3. Global Blockchain in Oil & Gas Market Company Revenue Market Share, 2023 ……….. 54
11.4. Company Assessment Metrics, 2023 ……………………………………………………………….. 54
11.4.1.Stars 54
11.4.2.Emerging Leaders………………………………………………………………………………………… 54
11.4.3.Pervasive Players…………………………………………………………………………………………. 54
11.4.4.Participants 54
11.5. Start-ups /SMEs Assessment Metrics, 2023 ………………………………………………………. 54
11.5.1.Progressive Companies…………………………………………………………………………………. 54
11.5.2.Responsive Companies…………………………………………………………………………………. 54
11.5.3.Dynamic Companies…………………………………………………………………………………….. 54
11.5.4.Starting Blocks ……………………………………………………………………………………………. 55
11.6. Strategic Developments………………………………………………………………………………… 56
11.6.1.Acquisitions & Mergers…………………………………………………………………………………. 56
New Product Launch……………………………………………………………………………………………..56
Regional Expansion ……………………………………………………………………………………………….56
11.7. Key Players Product Matrix……………………………………………………………………………. 57
CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS ………………………………. 58
12.1. PESTEL 58
12.1.1.Political Factors…………………………………………………………………………………………… 58
12.1.2.Economic Factors ………………………………………………………………………………………… 58
12.1.3.Social Factors 58
12.1.4.Technological Factors …………………………………………………………………………………… 58
12.1.5.Environmental Factors………………………………………………………………………………….. 58
12.1.6.Legal Factors 58
12.2. Adjacent Market Analysis……………………………………………………………………………… 58
CHAPTER NO. 13 : BLOCKCHAIN IN OIL & GAS MARKET – BY COMPONENT SEGMENT
ANALYSIS ……………………………………………………………………….. 59
13.1. Blockchain in Oil & Gas Market Overview, by Component Segment ………………………. 59
13.1.1.Blockchain in Oil & Gas Market Revenue Share, By Component, 2023 & 2032 …………. 60
13.1.2.Blockchain in Oil & Gas Market Attractiveness Analysis, By Component…………………. 61
13.1.3.Incremental Revenue Growth Opportunity, by Component, 2024 – 2032………………… 61
13.1.4.Blockchain in Oil & Gas Market Revenue, By Component, 2018, 2023, 2027 & 2032 …. 62
GLOBAL BLOCKCHAIN IN OIL & GAS MARKET, 2018 – 2032
13.2. Platform/Software ………………………………………………………………………………………. 63
13.2.1.Global Platform/Software Blockchain in Oil & Gas Market Revenue, By Region, 2018 –
2023 (USD Million) ………………………………………………………………………………………. 64
13.2.2.Global Platform/Software Blockchain in Oil & Gas Market Revenue, By Region, 2024 –
2032 (USD Million) ………………………………………………………………………………………. 64 13.3. Services 65
13.3.1.Global Services Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023 (USD Million) 66
13.3.2.Global Services Blockchain in Oil & Gas Market Revenue, By Region, 2024 – 2032 (USD Million) 66
CHAPTER NO. 14 : BLOCKCHAIN IN OIL & GAS MARKET – BY APPLICATION SEGMENT ANALYSIS ……………………………………………………………………….. 67
14.1. Blockchain in Oil & Gas Market Overview, by Application Segment……………………….. 67
14.1.1.Blockchain in Oil & Gas Market Revenue Share, By Application, 2023 & 2032………….. 68
14.1.2.Blockchain in Oil & Gas Market Attractiveness Analysis, By Application …………………. 69
14.1.3.Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 ………………… 69
14.1.4.Blockchain in Oil & Gas Market Revenue, By Application, 2018, 2023, 2027 & 2032….. 70
14.2. Asset Management and Tracking ……………………………………………………………………. 71
14.2.1.Global Asset Management and Tracking Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023 (USD Million)…………………………………………………………………… 72
14.2.2.Global Asset Management and Tracking Blockchain in Oil & Gas Market Revenue, By
Region, 2024 – 2032 (USD Million) ………………………………………………………………….. 72
14.3. Supply Chain Management……………………………………………………………………………. 73
14.3.1.Global Supply Chain Management Blockchain in Oil & Gas Market Revenue, By Region,
2018 – 2023 (USD Million) ……………………………………………………………………………… 74
14.3.2.Global Supply Chain Management Blockchain in Oil & Gas Market Revenue, By Region,
2024 – 2032 (USD Million)……………………………………………………………………………… 74
14.4. Commodity Trading ……………………………………………………………………………………… 75
14.4.1.Global Commodity Trading Blockchain in Oil & Gas Market Revenue, By Region, 2018 –
2023 (USD Million) ………………………………………………………………………………………. 76
14.4.2.Global Commodity Trading Blockchain in Oil & Gas Market Revenue, By Region, 2024 –
2032 (USD Million) ………………………………………………………………………………………. 76
14.5. Smart Contracts…………………………………………………………………………………………… 77
14.5.1.Global Smart Contracts Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023
(USD Million) 78
14.5.2.Global Smart Contracts Blockchain in Oil & Gas Market Revenue, By Region, 2024 – 2032
(USD Million) 78
14.6. Regulatory Compliance and Reporting …………………………………………………………….. 79
14.6.1.Global Regulatory Compliance and Reporting Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023 (USD Million) ………………………………………………………………. 80
14.6.2.Global Regulatory Compliance and Reporting Blockchain in Oil & Gas Market Revenue, By Region, 2024 – 2032 (USD Million)………………………………………………………………. 80
CHAPTER NO. 15 : BLOCKCHAIN IN OIL & GAS MARKET – BY ORGANIZATION SIZE
SEGMENT ANALYSIS …………………………………………………………. 81
15.1. Blockchain in Oil & Gas Market Overview, by Organization Size Segment……………….. 81
15.1.1.Blockchain in Oil & Gas Market Revenue Share, By Organization Size, 2023 & 2032….. 82
15.1.2.Blockchain in Oil & Gas Market Attractiveness Analysis, By Organization Size …………. 83
15.1.3.Incremental Revenue Growth Opportunity, by Organization Size, 2024 – 2032 ………… 83
15.1.4.Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 84
15.2. Large Enterprises…………………………………………………………………………………………. 85
15.2.1.Global Large Enterprises Blockchain in Oil & Gas Market Revenue, By Region, 2018 –
2023 (USD Million) ………………………………………………………………………………………. 86
15.2.2.Global Large Enterprises Blockchain in Oil & Gas Market Revenue, By Region, 2024 –
2032 (USD Million) ………………………………………………………………………………………. 86
15.3. Small and Medium Enterprises (SMEs) …………………………………………………………….. 87
15.3.1.Global Small and Medium Enterprises (SMEs) Blockchain in Oil & Gas Market Revenue,
By Region, 2018 – 2023 (USD Million) ………………………………………………………………. 88
15.3.2.Global Small and Medium Enterprises (SMEs) Blockchain in Oil & Gas Market Revenue, By Region, 2024 – 2032 (USD Million)………………………………………………………………. 88
CHAPTER NO. 16 : BLOCKCHAIN IN OIL & GAS MARKET – REGIONAL ANALYSIS…….. 89
16.1. Blockchain in Oil & Gas Market Overview, by Regional Segments …………………………. 89
16.2. Region 90
16.2.1.Global Blockchain in Oil & Gas Market Revenue Share, By Region, 2023 & 2032………. 90
16.2.2.Blockchain in Oil & Gas Market Attractiveness Analysis, By Region ……………………….. 91
16.2.3.Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 ………………………. 91
16.2.4.Blockchain in Oil & Gas Market Revenue, By Region, 2018, 2023, 2027 & 2032………… 92
16.2.5.Global Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023 (USD Million) 93
16.2.6.Global Blockchain in Oil & Gas Market Revenue, By Region, 2024 – 2032 (USD Million) 93
16.3. Component 94
16.3.1.Global Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD Million) 94
16.4. Global Blockchain in Oil & Gas Market Revenue, By Component, 2024 – 2032 (USD Million) 94
16.5. Application 95
16.5.1.Global Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD Million) 95
16.5.2.Global Blockchain in Oil & Gas Market Revenue, By Application, 2024 – 2032 (USD Million) 95
16.6. Organization Size…………………………………………………………………………………………. 96
16.6.1.Global Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 96
16.6.2.Global Blockchain in Oil & Gas Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 96
CHAPTER NO. 17 : BLOCKCHAIN IN OIL & GAS MARKET – NORTH AMERICA …………. 97
17.1. North America97
17.1.1.Key Highlights 97
17.1.2.North America Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD Million) 98
17.1.3.North America Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD Million) 99
17.1.4.North America Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD Million) 100
17.1.5.North America Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023 (USD Million) …………………………………………………………………………………….. 101
17.2. U.S. 102
17.3. Canada 102
17.4. Mexico 102
CHAPTER NO. 18 : BLOCKCHAIN IN OIL & GAS MARKET – EUROPE ……………………. 103
18.1. Europe 103
18.1.1.Key Highlights 103
18.1.2.Europe Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD Million) 104
18.1.3.Europe Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD Million) 105
18.1.4.Europe Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD Million) 106
18.1.5.Europe Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 107
18.2. UK 108
18.3. France 108
18.4. Germany 108
18.5. Italy 108
18.6. Spain 108
18.7. Russia 108
18.8. Belgium 108
18.9. Netherland 108
18.10. Austria 108
18.11. Sweden 108
18.12. Poland 108
18.13. Denmark 108
18.14. Switzerland 108
18.15. Rest of Europe108
CHAPTER NO. 19 : BLOCKCHAIN IN OIL & GAS MARKET – ASIA PACIFIC……………… 109
19.1. Asia Pacific 109
19.1.1.Key Highlights 109
19.1.2.Asia Pacific Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD Million) 110
19.1.3.Asia Pacific Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD Million) 111
19.1.4.Asia Pacific Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD Million) 112
19.1.5.Asia Pacific Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 113
19.2. China 114
19.3. Japan 114
19.4. South Korea 114
19.5. India 114
19.6. Australia 114
19.7. Thailand 114
19.8. Indonesia 114
19.9. Vietnam 114
19.10. Malaysia 114
19.11. Philippines 114
19.12. Taiwan 114
19.13. Rest of Asia Pacific……………………………………………………………………………………… 114
CHAPTER NO. 20 : BLOCKCHAIN IN OIL & GAS MARKET – LATIN AMERICA …………. 115
20.1. Latin America 115
20.1.1.Key Highlights 115
20.1.2.Latin America Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD Million) 116
20.1.3.Latin America Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD Million) 117
20.1.4.Latin America Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD Million) 118
20.1.5.Latin America Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 –
2023 (USD Million) …………………………………………………………………………………….. 119
20.2. Brazil 120
20.3. Argentina 120
20.4. Peru 120
20.5. Chile 120
20.6. Colombia 120
20.7. Rest of Latin America………………………………………………………………………………….. 120
CHAPTER NO. 21 : BLOCKCHAIN IN OIL & GAS MARKET – MIDDLE EAST…………….. 121
21.1. Middle East 121
21.1.1.Key Highlights 121
21.1.2.Middle East Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD Million) 122
21.1.3.Middle East Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD Million) 123
21.1.4.Middle East Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD Million) 124
21.1.5.Middle East Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 125
21.2. UAE 126
21.3. KSA 126
21.4. Israel 126
21.5. Turkey 126
21.6. Iran 126
21.7. Rest of Middle East…………………………………………………………………………………….. 126
CHAPTER NO. 22 : BLOCKCHAIN IN OIL & GAS MARKET – AFRICA …………………….. 127
22.1. Africa 127
22.1.1.Key Highlights 127
22.1.2.Africa Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD Million)
GLOBAL BLOCKCHAIN IN OIL & GAS MARKET, 2018 – 2032
22.1.3.Africa Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD Million) 129
22.1.4.Africa Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD Million) 130
22.1.5.Africa Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 131
22.2. Egypt 132
22.3. Nigeria 132
22.4. Algeria 132
22.5. Morocco 132
22.6. Rest of Africa 132
CHAPTER NO. 23 : COMPANY PROFILES……………………………………………………….. 133
23.1. IBM 133
23.1.1.Company Overview ……………………………………………………………………………………. 133
23.1.2.Product Portfolio……………………………………………………………………………………….. 133
23.1.3.Swot Analysis 133
23.1.4.Business Strategy ………………………………………………………………………………………. 134
23.1.5.Financial Overview …………………………………………………………………………………….. 134
23.2. Microsoft 135
23.3. Accenture 135
23.4. SAP 135
23.5. Chevron 135
23.6. Royal Dutch Shell ………………………………………………………………………………………. 135
23.7. TotalEnergies 135
23.8. ExxonMobil 135
23.9. BP 135
23.10. Wipro 135

List of Figures
FIG NO. 1. Global Blockchain in Oil & Gas Market Revenue, 2018 – 2032 (USD Million) ……………………..31
FIG NO. 2. Porter’s Five Forces Analysis for Global Blockchain in Oil & Gas Market …………………………..38
FIG NO. 3. Value Chain Analysis for Global Blockchain in Oil & Gas Market………………………………………39
FIG NO. 4. Global Blockchain in Oil & Gas Market Import Volume/Revenue, By Region, 2018 – 2023…..41
FIG NO. 5. Global Blockchain in Oil & Gas Market Export Volume/Revenue, By Region, 2018 – 2023 …..42
FIG NO. 6. Global Blockchain in Oil & Gas Market Demand Volume/Revenue, By Region, 2018 – 2023 ..43
FIG NO. 7. Global Blockchain in Oil & Gas Market Supply Volume/Revenue, By Region, 2018 – 2023…..44
FIG NO. 8. Global Blockchain in Oil & Gas Market Production Volume/Revenue, By Region, 2018 –
2023 ………………………………………………………………………………………………………………………..45
FIG NO. 9. Global Blockchain in Oil & Gas Market Price, By Region, 2018 – 2023……………………………….46
FIG NO. 10. Global Blockchain in Oil & Gas Market Price, By Component, 2018 – 2023………………………..47
FIG NO. 11. Raw Materials Price Trend Analysis, 2018 – 2023 …………………………………………………………..48
FIG NO. 12. Manufacturing Cost Analysis……………………………………………………………………………………….49
FIG NO. 13. Manufacturing Process ………………………………………………………………………………………………49
FIG NO. 14. Company Share Analysis, 2023 ……………………………………………………………………………………50
FIG NO. 15. Company Share Analysis, 2023 ……………………………………………………………………………………51
FIG NO. 16. Company Share Analysis, 2023 ……………………………………………………………………………………51
FIG NO. 17. Company Share Analysis, 2023 ……………………………………………………………………………………52
FIG NO. 18. Blockchain in Oil & Gas Market – Company Volume Market Share, 2023…………………………53
FIG NO. 19. Blockchain in Oil & Gas Market – Company Revenue Market Share, 2023 ………………………..54
FIG NO. 20. Blockchain in Oil & Gas Market Revenue Share, By Component, 2023 & 2032 ………………….60
FIG NO. 21. Market Attractiveness Analysis, By Component…………………………………………………………….61
FIG NO. 22. Incremental Revenue Growth Opportunity by Component, 2024 – 2032 ………………………….61
FIG NO. 23. Blockchain in Oil & Gas Market Revenue, By Component, 2018, 2023, 2027 & 2032………….62
FIG NO. 24. Global Blockchain in Oil & Gas Market for Platform/Software, Revenue (USD Million)
2018 – 2032 ………………………………………………………………………………………………………………63
FIG NO. 25. Global Blockchain in Oil & Gas Market for Services, Revenue (USD Million) 2018 – 2032…….65
FIG NO. 26. Blockchain in Oil & Gas Market Revenue Share, By Application, 2023 & 2032 …………………..68
FIG NO. 27. Market Attractiveness Analysis, By Application……………………………………………………………..69
FIG NO. 28. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 …………………………..69
FIG NO. 29. Blockchain in Oil & Gas Market Revenue, By Application, 2018, 2023, 2027 & 2032 ………….70
FIG NO. 30. Global Blockchain in Oil & Gas Market for Asset Management and Tracking, Revenue
(USD Million) 2018 – 2032 …………………………………………………………………………………………..71
FIG NO. 31. Global Blockchain in Oil & Gas Market for Supply Chain Management, Revenue (USD
Million) 2018 – 2032…………………………………………………………………………………………………..73
FIG NO. 32. Global Blockchain in Oil & Gas Market for Commodity Trading, Revenue (USD Million)
2018 – 2032 ………………………………………………………………………………………………………………75
FIG NO. 33. Global Blockchain in Oil & Gas Market for Smart Contracts, Revenue (USD Million) 2018 –
2032 ………………………………………………………………………………………………………………………..77
FIG NO. 34. Global Blockchain in Oil & Gas Market for Regulatory Compliance and Reporting, Revenue
(USD Million) 2018 – 2032 …………………………………………………………………………………………..79
FIG NO. 35. Blockchain in Oil & Gas Market Revenue Share, By Organization Size, 2023 & 2032…………..82
FIG NO. 36. Market Attractiveness Analysis, By Organization Size …………………………………………………….83
FIG NO. 37. Incremental Revenue Growth Opportunity by Organization Size, 2024 – 2032…………………..83
FIG NO. 38. Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 ….84
FIG NO. 39. Global Blockchain in Oil & Gas Market for Large Enterprises, Revenue (USD Million) 2018 –
2032 ………………………………………………………………………………………………………………………..85
FIG NO. 40. Global Blockchain in Oil & Gas Market for Small and Medium Enterprises (SMEs),
Revenue (USD Million) 2018 – 2032 ……………………………………………………………………………..87
FIG NO. 41. Global Blockchain in Oil & Gas Market Revenue Share, By Region, 2023 & 2032 ……………….90
FIG NO. 42. Market Attractiveness Analysis, By Region……………………………………………………………………91
FIG NO. 43. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 …………………………………91
FIG NO. 44. Blockchain in Oil & Gas Market Revenue, By Region, 2018, 2023, 2027 & 2032…………………92
FIG NO. 45. North America Blockchain in Oil & Gas Market Revenue, 2018 – 2032 (USD Million) …………97
FIG NO. 46. Europe Blockchain in Oil & Gas Market Revenue, 2018 – 2032 (USD Million) ………………….103
FIG NO. 47. Asia Pacific Blockchain in Oil & Gas Market Revenue, 2018 – 2032 (USD Million)…………….109
FIG NO. 48. Latin America Blockchain in Oil & Gas Market Revenue, 2018 – 2032 (USD Million)…………115
FIG NO. 49. Middle East Blockchain in Oil & Gas Market Revenue, 2018 – 2032 (USD Million)……………121
FIG NO. 50. Africa Blockchain in Oil & Gas Market Revenue, 2018 – 2032 (USD Million) ……………………127

List of Tables
TABLE NO. 1. : Global Blockchain in Oil & Gas Market: Snapshot ………………………………………………………….30
TABLE NO. 2. : Drivers for the Blockchain in Oil & Gas Market: Impact Analysis ……………………………………..34
TABLE NO. 3. : Restraints for the Blockchain in Oil & Gas Market: Impact Analysis………………………………….36
TABLE NO. 4. : Global Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023………………………….46
TABLE NO. 5. : Global Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023…………………..47
TABLE NO. 6. : Key Raw Materials & Suppliers ……………………………………………………………………………………48
TABLE NO. 7. : Global Platform/Software Blockchain in Oil & Gas Market Revenue, By Region, 2018 –
2023 (USD Million) …………………………………………………………………………………………………….64
TABLE NO. 8. : Global Platform/Software Blockchain in Oil & Gas Market Revenue, By Region, 2024 –
2032 (USD Million) …………………………………………………………………………………………………….64
TABLE NO. 9. : Global Services Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………….66
TABLE NO. 10. : Global Services Blockchain in Oil & Gas Market Revenue, By Region, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………….66
TABLE NO. 11. : Global Asset Management and Tracking Blockchain in Oil & Gas Market Revenue, By
Region, 2018 – 2023 (USD Million)……………………………………………………………………………….72
TABLE NO. 12. : Global Asset Management and Tracking Blockchain in Oil & Gas Market Revenue, By
Region, 2024 – 2032 (USD Million)……………………………………………………………………………….72
TABLE NO. 13. : Global Supply Chain Management Blockchain in Oil & Gas Market Revenue, By Region,
2018 – 2023 (USD Million)…………………………………………………………………………………………..74
TABLE NO. 14. : Global Supply Chain Management Blockchain in Oil & Gas Market Revenue, By Region,
2024 – 2032 (USD Million)…………………………………………………………………………………………..74
TABLE NO. 15. : Global Commodity Trading Blockchain in Oil & Gas Market Revenue, By Region, 2018 –
2023 (USD Million) …………………………………………………………………………………………………….76
TABLE NO. 16. : Global Commodity Trading Blockchain in Oil & Gas Market Revenue, By Region, 2024 –
2032 (USD Million) …………………………………………………………………………………………………….76
TABLE NO. 17. : Global Smart Contracts Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023
(USD Million)…………………………………………………………………………………………………………….78
TABLE NO. 18. : Global Smart Contracts Blockchain in Oil & Gas Market Revenue, By Region, 2024 – 2032
(USD Million)…………………………………………………………………………………………………………….78
TABLE NO. 19. : Global Regulatory Compliance and Reporting Blockchain in Oil & Gas Market Revenue, By
Region, 2018 – 2023 (USD Million)……………………………………………………………………………….80
TABLE NO. 20. : Global Regulatory Compliance and Reporting Blockchain in Oil & Gas Market Revenue, By
Region, 2024 – 2032 (USD Million)……………………………………………………………………………….80
TABLE NO. 21. : Global Large Enterprises Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023
(USD Million)…………………………………………………………………………………………………………….86
TABLE NO. 22. : Global Large Enterprises Blockchain in Oil & Gas Market Revenue, By Region, 2024 – 2032
(USD Million)…………………………………………………………………………………………………………….86
TABLE NO. 23. : Global Small and Medium Enterprises (SMEs) Blockchain in Oil & Gas Market Revenue, By
Region, 2018 – 2023 (USD Million)……………………………………………………………………………….88
TABLE NO. 24. : Global Small and Medium Enterprises (SMEs) Blockchain in Oil & Gas Market Revenue, By
Region, 2024 – 2032 (USD Million)……………………………………………………………………………….88
GLOBAL BLOCKCHAIN IN OIL & GAS MARKET, 2018 – 2032
TABLE NO. 25. : Global Blockchain in Oil & Gas Market Revenue, By Region, 2018 – 2023 (USD Million) ……..93
TABLE NO. 26. : Global Blockchain in Oil & Gas Market Revenue, By Region, 2024 – 2032 (USD Million) ……..93
TABLE NO. 27. : Global Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………….94
TABLE NO. 28. : Global Blockchain in Oil & Gas Market Revenue, By Component, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………….94
TABLE NO. 29. : Global Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD Million) .95
TABLE NO. 30. : Global Blockchain in Oil & Gas Market Revenue, By Application, 2024 – 2032 (USD Million) .95
TABLE NO. 31. : Global Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………….96
TABLE NO. 32. : Global Blockchain in Oil & Gas Market Revenue, By Organization Size, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………….96
TABLE NO. 33. : North America Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………….98
TABLE NO. 34. : North America Blockchain in Oil & Gas Market Revenue, By Country, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………….98
TABLE NO. 35. : North America Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023
(USD Million)…………………………………………………………………………………………………………….99
TABLE NO. 36. : North America Blockchain in Oil & Gas Market Revenue, By Component, 2024 – 2032
(USD Million)…………………………………………………………………………………………………………….99
TABLE NO. 37. : North America Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..100
TABLE NO. 38. : North America Blockchain in Oil & Gas Market Revenue, By Application, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..100
TABLE NO. 39. : North America Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 –
2023 (USD Million) …………………………………………………………………………………………………..101
TABLE NO. 40. : North America Blockchain in Oil & Gas Market Revenue, By Organization Size, 2024 –
2032 (USD Million) …………………………………………………………………………………………………..101
TABLE NO. 41. : Europe Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD Million) …104
TABLE NO. 42. : Europe Blockchain in Oil & Gas Market Revenue, By Country, 2024 – 2032 (USD Million) …104
TABLE NO. 43. : Europe Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..105
TABLE NO. 44. : Europe Blockchain in Oil & Gas Market Revenue, By Component, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..105
TABLE NO. 45. : Europe Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..106
TABLE NO. 46. : Europe Blockchain in Oil & Gas Market Revenue, By Application, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..106
TABLE NO. 47. : Europe Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..107
TABLE NO. 48. : Europe Blockchain in Oil & Gas Market Revenue, By Organization Size, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..107
TABLE NO. 49. : Asia Pacific Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..110
TABLE NO. 50. : Asia Pacific Blockchain in Oil & Gas Market Revenue, By Country, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..110
TABLE NO. 51. : Asia Pacific Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..111
TABLE NO. 52. : Asia Pacific Blockchain in Oil & Gas Market Revenue, By Component, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..111
TABLE NO. 53. : Asia Pacific Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..112
TABLE NO. 54. : Asia Pacific Blockchain in Oil & Gas Market Revenue, By Application, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..112
TABLE NO. 55. : Asia Pacific Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023
(USD Million)…………………………………………………………………………………………………………..113
TABLE NO. 56. : Asia Pacific Blockchain in Oil & Gas Market Revenue, By Organization Size, 2024 – 2032
(USD Million)…………………………………………………………………………………………………………..113
TABLE NO. 57. : Latin America Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..116
TABLE NO. 58. : Latin America Blockchain in Oil & Gas Market Revenue, By Country, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..116
TABLE NO. 59. : Latin America Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..117
TABLE NO. 60. : Latin America Blockchain in Oil & Gas Market Revenue, By Component, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..117
TABLE NO. 61. : Latin America Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..118
TABLE NO. 62. : Latin America Blockchain in Oil & Gas Market Revenue, By Application, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..118
TABLE NO. 63. : Latin America Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023
(USD Million)…………………………………………………………………………………………………………..119
TABLE NO. 64. : Latin America Blockchain in Oil & Gas Market Revenue, By Organization Size, 2024 – 2032
(USD Million)…………………………………………………………………………………………………………..119
TABLE NO. 65. : Middle East Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..122
TABLE NO. 66. : Middle East Blockchain in Oil & Gas Market Revenue, By Country, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..122
TABLE NO. 67. : Middle East Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..123
TABLE NO. 68. : Middle East Blockchain in Oil & Gas Market Revenue, By Component, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..123
TABLE NO. 69. : Middle East Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..124
TABLE NO. 70. : Middle East Blockchain in Oil & Gas Market Revenue, By Application, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..124
TABLE NO. 71. : Middle East Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023
(USD Million)…………………………………………………………………………………………………………..125
TABLE NO. 72. : Middle East Blockchain in Oil & Gas Market Revenue, By Organization Size, 2024 – 2032
(USD Million)…………………………………………………………………………………………………………..125
TABLE NO. 73. : Africa Blockchain in Oil & Gas Market Revenue, By Country, 2018 – 2023 (USD Million)……128
TABLE NO. 74. : Africa Blockchain in Oil & Gas Market Revenue, By Country, 2024 – 2032 (USD Million)……128
TABLE NO. 75. : Africa Blockchain in Oil & Gas Market Revenue, By Component, 2018 – 2023 (USD Million)129
TABLE NO. 76. : Africa Blockchain in Oil & Gas Market Revenue, By Component, 2024 – 2032 (USD Million)129
TABLE NO. 77. : Africa Blockchain in Oil & Gas Market Revenue, By Application, 2018 – 2023 (USD Million) 130
TABLE NO. 78. : Africa Blockchain in Oil & Gas Market Revenue, By Application, 2024 – 2032 (USD Million) 130
TABLE NO. 79. : Africa Blockchain in Oil & Gas Market Revenue, By Organization Size, 2018 – 2023 (USD
Million)…………………………………………………………………………………………………………………..131
TABLE NO. 80. : Africa Blockchain in Oil & Gas Market Revenue, By Organization Size, 2024 – 2032 (USD
Million)…………………………………………………………………………………………………………………..131

How big is the global market for blockchain in oil and gas right now?

In 2022, the market for blockchain in oil and gas was estimated to be worth USD 100.8 million.

What is the blockchain in the oil and gas market’s anticipated growth rate from 2023 to 2030?

The market for blockchain in oil and gas is anticipated to increase at a CAGR of 70.50% from 2023 to 2030, reaching USD 7198.72 million in 2030.

In terms of supply chain management, which market category is in the lead?

Provenance tracking is the most popular category of supply chain management.

Which segment is leading the market in terms of smart contracts and automation?

Automated payments, by smart contracts and automation, are the notable segment.

Which decentralized energy trading segment is estimated to have the highest CAGR throughout the forecast period?

The peer-to-peer energy trading category is anticipated to exhibit the highest CAGR during the projection period.

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