ABSTRACT
Blockchain is an information and communication technology that has attracted significant attention recently. It is used in many applications, such as cryptocurrencies, insurance, decentralised storage, and the Internet of Things, in different industries. It has been adopted in multiple scenarios in the oil and gas industry, especially midstream, for example, carbon trading, security, and supply chain management. However, the use of blockchain in oil and gas is still rare and needs more research to investigate the effect of this technology in the oil and gas sector. There are limited studies in the oil and gas sector about the impact of using blockchain technology. This chapter explores the potential use of blockchain technology as a security enabler for Industry 5.0 ecosystems in the oil and gas industry, specifically for enterprise asset management. A model based on the fit viability is proposed to assess the adoption of blockchain technology in asset management in oil and gas ecosystems.
