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Oman Oil service Entity to utilize blockchain for sustainable energy production

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  Oman Al Shawamikh Oil Services Company will cooperate with Oman Frontech , a government entity established by both Omantel and Ethcha (Oman Investment Authority) to implement Blockchain to ensure sustainable management of its energy solutions.  Frontech launched the National Blockchain Platform to accelerate the digital innovation efforts in the Sultanate of Oman, in line with the requirements of the Fourth Industrial Revolution. The platform offers two services: Blockchain Factory as a sandbox environment, Blockchain as a Service (BaaS), and Blockchain as a Service (BaaS). Oman’s Energy entity, Al Shawamikh Oil Services Company, will work with Frontech to develop a sustainable energy management system built on blockchain technology. Frontech will utilize blockchain to represent the production units in the sustainable energy network, as well as track and manage these units. During the signing ceremony, Dr Aflah bin Said Al Hadhrami, CEO of Al Shawamikh Oil services...