(Bloomberg) -- Vendors of mining giant BHP Billiton Ltd. typically keep track of rock and fluid samples and analyses with e-mails and spreadsheets. A lost file can cause major and expensive headaches since the samples help the company decide where to drill new oil wells.

BHP’s solution: Early next year, it will start using the blockchain, a new, shared database technology that can’t easily be changed or erased. A technician taking a specimen can attach data such as collection time, a lab researcher can add reports, and all will be immediately visible to everyone who has access. No more lost samples or frantic messages.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access