Blockchain application for the supply chain of the ecuadorian oil industry

The intensive use of data technology has transformed most modern industries around the world, however, important Ecuadorian enterprises such as oil and gas lack effective administrative and management up-to–date tools and still operate in a traditional paper- notarized based manner, causing low productivity and weak competitiveness. The main obstacles that appear in the productive route are high price volatility sup- ply chain failures, data security, contracting, transaction processes, among others. The Blockchain data handling technology can greatly help to overcome these problems by creating a digital, data handling ambient with greater efficiency, immutable data thanks to the ACID feature of the Couch DB database, transparent, and auditable transactions at a low cost, as compared with traditional methodologies (paper invoices, notarized con- tracts, etc.). Like any other cutting-edge technology, blockchain is not completely accepted today, spe- cially in under-developed countries, consequently this thesis will study the logistic of the Ecuadorian oil industry, choose a specific operative field (sales, transport, maintenance etc.) and propose an application based on the blockchain to improve efficiency, produc- tivity and transparency.

• Main Author: Villacreses Ponce, Ángel Gabriel (author)
• Format: bachelorThesis
• Language: eng
• Published: 2020
• Subjects: Blockchain; Hyperledger; Applications; Oil industry; Ecuador; Traceability; Transparency; Confidenciality; Interoperability; Cadena de Bloques; Aplicación; Industria petrolera; Trazabilidad; Transaparencia; Confidencialidad; Interoperabilidad
• Online Access: http://repositorio.yachaytech.edu.ec/handle/123456789/179