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March 13, 2021, 05:30 PM

From Sensor to Payment - Leveraging IoT to Automate Real-time Operational Performance Management via the Blockchain & Smart Contracts

A talk by John Hanson
CEO, Independent Data Services

IDS has provided reporting and analytics services to the upstream industry for 25 years. The speaker will cover in some detail the development and implementation of a cutting edge integrated upstream IoT and analytics eco-system. Founded by the speaker in 1995, IDS's first deliverable was a floppy-disc based daily drilling reporting system – the IDS ‘Drilling Data Package’ - which was released to market in March 1996 and aimed specifically at reporting for the Operator. The entire application was re-written as an end-to-end web delivered solution and IDS 'DrillNet', IDS's first on-line service, was rolled out in early 2001 to Unocal in Indonesia. IDS was in the cloud before there was a cloud to be in. Fast forward to today and IDS systems and services are at the heart of the upstream digitalisation revolution, offering a full IoT aggregation and analytics service to operators and drilling contractors alike. In 2020, IDS introduced blockchain/smart contract-driven payment for their automated reporting and drilling performance services. See here for a real-world example :

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