Another popular use of blockchain in the oil and gas sector is the tracking of carbon emission. In the long run, all the plantation of this industry produces a lot of pollution and emits a lot of carbon into the environment. Therefore, it’s only practical to introduce a more sustainable business model that will reduce the carbon footprints once and for all.

This is where blockchain comes into play. In reality, blockchain can single-handedly track all the carbon emissions and offer better management systems for this industry. So, using this tech, the industry can finally track down and reduce carbon footprints.