Case Studies | Oil & Gas

Improving system efficiency, profitability and transparency to customers ​

Client:

Block Gemini - Tristar Logo

Tristar Group

Challenges:

  • Lack of real-time data on inventories, deliveries and overall assets
  • Information management was mostly paper based 
  • Little to no insights on forecasting demand
  • Maintaining accurate KPIs were a difficult task

Approach:

  • A warehousing and logistics management system. 
  • Enabled data validation, monitored data ownership, and audit trails.
  • Track KPIs  and generated reports of various events. 
  • Enable both Proof of Purchase and Proof of Order.

Results:

  • 80% improvement in operational efficiency.
  • Reduced paper-based processes significantly
  • Improved data security via Blockchain
  • Real-time oversight on warehousing and transportation processes

Our Clients Issue

Third party logistic provider, Tristar Group, found it difficult to operate effectively without real-time data on inventories, deliveries and overall assets. Information management was mostly paper based making inventory management and auditing a tedious and time consuming task.  This unfortunately provided little to no insights on forecasting demand, planning operations, and created unpredictable bottlenecks in procurement , warehouse management distribution and deliveries. This also made maintaining accurate KPIs a difficult task. At the time, they required a solution that would integrate within their existing system as an application layer, interconnect with various stakeholders, and improve overall data integrity.

Our Solution Approach

Block Gemini worked with Tristar to develop a warehousing and logistics management system that received and utilized real-time data from IoT devices and stored it on Blockchain. Our goal was to provide greater transparency, a customer-friendly environment and technological assistance that would have led to a better logistic experience. Our technical team wanted to develop a system that enabled data validation, monitored data ownership, created audit trails, tracked KPIs and managed user access privileges and generated reports of various events. Furthermore, we wanted to allow users (new/existing) to handle their orders based on Proof of Purchase, Proof of Order, and as well as be  assisted in securely taking DATA driven decisions.

Block Gemini - Oil Rig 1 Photo

The End Results

Tristar now runs a single decision-support and web/tablet/mobile platform. Users can monitor, track and secure purchase/sales orders, view inventories, plan and track deliveries, and view reports in a consolidated and seamless manner through a dashboard application that gives a holistic view of operations. Furthermore, integrating blockchain, Tristar was also able to provide customers with full real-time oversight on deliveries and transportation processes. It also allowed them to provide a single point of access for all documents/records to their customers while improving the management of trusted data with little or no use of paper. Overall, we have digitally transformed a number of business transactions to allow for quicker audits.

Increased

80% improvement in operational efficiency

Reduced

paper-based processes significantly

Improved

data security via Blockchain

Streamlined

real-time oversight on warehousing and transportation processes

Improved

data security via Blockchain

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