Blockchain is a highly debated new technology that could impact the supply chain in the future. However, blockchain’s applicability in logistics is being questioned by many experts
Based on your readings and resources reviewed, including recent peer-reviewed journal articles, define blockchain and its possible uses in logistics and then outline some potential benefits and drawbacks in supply chain management.
REQUIREMENTS
Write a two (2) page paper using current APA formatting and include the following:
Title and references pages (not included in the page requirement)
Minimum of five (5) references (2 peer-reviewed
However, before you start, you will notice throughout this class the requirement to use peer-reviewed journal articles. Experience has shown that many students are not really sure what peer-reviewed articles are or where to find them for their research.
SAMPLE SOLUTION
BLOCKCHAIN
A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. Blockchain is making logistics more efficient and transparent. The use-cases of blockchain in logistics include inventory tracking, better transparency, settling disputes, and invoicing & payments. The supply chain is the backbone of a business. But today’s global ecosystem has complicated the supply chain. Recent blockchain technology has stepped in to simplify the communications of global supply chains. Despite the drawbacks of blockchain, such as system sensors and data pools that may not be compatible, blockchain builds communication between partners. This builds a streamlined process with shorter lead times, reduced redundancy, fewer delays, and ultimately a leaner supply chain. It also ensures that quality standards are met, giving the seller more control of the production of the product from A to Z.
Hence, this report provides information about summer internship. The report mainly discusses multi topics related to the summer internship and the main object of this internship. Moreover the activities that the student gets a chance to participate during the internship period.
Nevertheless, we also look at the company description which talk about the company location, background and the services that provide by the company.
This report will also talk about the goals achieved by the student during the training period and knowledge that the student gets from this experien
Weatherford is an international oil and gas service company which was established in 1987. The company operates in 100 states and employ over 52,000 people around the world. The company main office in Oman is located in Al Azaibah, Weatherford also has other branches around Oman in different regions for example Nizwa, and Gahl
Weatherford�s mission is to be one of the preferred and best companies in a wide range of oilfield services and products as well as technologies that help the customers produce oil more efficiently and conveniently. By providing all the important and useful requirement that the client need for long and short term.
Moreover, operators always seek for new techniques to extend the economic lives of the reservoir also a safe way to solve various challenges connected to aging well, where Weatherford Company offers all the Innovative technology and high quality services to confront these challenges.
Weatherford Provides different services in drilling and formation evaluation, well construction, completion and stimulation, also production.
To begin with drilling services and formation evaluation, which contain different categories, for example laboratory services, reservoir solutions, surface logging system, and wireline services.
Having considered the services provided by the company, it is also reasonable to look at the different categories and their definitions, start with the first category laboratory services.
Weatherford laboratories deliver a set of basic core analysis services with a whole necessity test required to help the costumer more in improving reservoir estimates, recover their reservoir forming, also identify and correct any damage to the formation of the reservoir.
Moreover the advanced tests provided by the Weatherford labs are particularly designed to evaluate different properties such as Petrophysics, Fluid Flow Properties, Rock Mechanics, Enhanced Oil Recovery, and others.
The second category is about reservoir solutions, this category generally discuss about the oilfield challenges and the solution that the company offer to the clients for several difficulties that the operators faced.
Coming to third category surface logging system, is mostly talking about the extraction of fluids from the underground and determining the amount of sufficient gases present in the reservoir by means of specific measurements and Techniques. Inadequate fluid extraction or using unsuitable devices can cause an error in the measurements also reduce the accuracy of the analysis.