(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.
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