Blockchain and the Changing Face of Energy Contracts and Disputes
Article from: TDM 7 (2018), in International Oil & Gas Arbitration
Introduction
Blockchain applications are expected to generate significant opportunities for growth, increased efficiency and cost savings in the energy sector. This article explores these areas of opportunity, explaining how blockchain could change the way energy contracts are entered into and implemented and how those changes may impact upon the resolution of energy disputes through arbitration. The authors provide a brief introduction to blockchain and explain some of the innovative applications of this disruptive technology. Drawing on examples of pilot projects that seek to introduce ...