The current system for governing royalties and payments is extremely complex and costly, involving a number of parties/contracts, and often leads to disputes caused by inaccurate or insufficient data. Blockchain technology will drastically moderatize the current system and allow the organization to better navigate complex laws, court rulings and legal jargon that determines how billions of dollars are distributed every year. Move beyond paper contracts and seemingly endless spreadsheets to lower costs, reduce the risk of disputes, increase clarity and improve the overall transfer of money.
- Alastair Caithness, Founder & CEO, Ziyen
- Vikrant Lakhanpal, Petroleum Engineer, Proline Energy Resources Inc
- Lisa M. Smith, Chief Corporate Development Officer, Data Gumbo Corporation