Artificial Intelligence in Smart Contracts (Case Study: N.G Supply Chain)

Mohammadi, Reza

Artificial Intelligence in Smart Contracts (Case Study: N.G Supply Chain)

Document Type : Original Research Article

Author

Reza Mohammadi

Department of Management &amp; Accounting, Faculty of Industrial Management, Production &amp; Operation, Shahid-Beheshti University, Tehran, Iran

Abstract

Today's systems, approaches, and technologies leveraged for managing oil and gas supply chain operations fall short of providing operational transparency, traceability, audit, security, and trusted data provenance features. Also, a large portion of the existing systems are centralized, manual, and highly disintegrated, which make them vulnerable to manipulation and the single point of failure problem. Emerging technologies such as the Internet of Things (IoT), fog computing, cloud computing, and block chain can play a vital role in boosting the operational efficiency of the oil and gas industry. In this paper, we explore the potential opportunities and applications of Artificial Intelligence technology in managing the exploration, production, and supply chain and logistics operations in the Natural Gas industry as it can offer traceability, immutability, transparency, and audit features in a decentralized, trusted, and secure manner. This research highlights the use cases of AI in decentralized Block chain with smart contracts, the company’s trading policies, and its advantages for effectively handling market risk assessments during socio-economic crisis. Results spotlight the use of AI in decision accuracy for the developed smart contract-based Natural Gas Industry, thereby qualitatively limiting the threshold level of costs, energy and other control functions in procurement, production and distribution.

Keywords

Artificial Intelligence (AI)

Natural Gas

Block Chain

20.1001.1.27831361.1402.4.4.5.1

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