The 32nd World LPG Forum & 2019 European Congress (WLPGA) is just a few weeks away and Vertrax couldn’t be any more excited to be attending! WLPGA rolls two great events into one premier global event, bringing visitors from across the world together to see the future of the LPG industry.
According to the World Economic Forum, “digital transformation in the Oil and Gas industry could unlock approximately $1.6 trillion of value for the industry, its customers, and wider society.”
While we’ve broken down the overall benefits of blockchain and its specific benefits for fleet management, there are still some challenges that need to be overcome in order for this technology to become standard in the industry.
Across the world, businesses in many industries are gaining interest in the latest cutting-edge technology: blockchain. Around 66% of global organizations have some level of interest in blockchain, with almost 10% currently experimenting with or deploying it.
As more and more industries adopt advanced technology, streamlining business operations, and improving transparency into performance, technological terms are starting to become common in day-to-day conversations. For example, “blockchain” is a term that many professionals in a wide range of industries have become acquainted with. It’s no wonder when worldwide spending on blockchain solutions is expected to grow from 1.5 billion in 2018 to an estimated 11.7 billion by 2022.
Remote tank monitoring has been surging in popularity recently, and for good reason — the benefits it holds are staggering for both the consumer and supplier. With this rise in popularity comes the emergence of various competing tank monitoring solutions with wides ranges in quality and functionality.
We’re excited to announce Vertrax's blockchain partnership with IBM and the successful deployment of our production solution using the IBM Blockchain Platform on AWS.
With the increasing demand for technology in all aspects of life, it’s no surprise that consumers are demanding a smarter and easier way to live with propane. Being able to remotely monitor tank levels benefits both consumers and suppliers, so the more accurate the monitors and the more advanced the technology is, the better the outcomes will be.
However, current remote tank monitoring solutions aren’t able to provide consumers and suppliers with the ease of use and reliable data that they are requiring nowadays. In this blog, we lay out how current solutions fall short and what both suppliers and consumers can look to in order to gain the insights they want and reap the benefits of high-quality remote tank monitoring solutions.
Topics: remote tank monitoring
The propane industry is changing at a rapid pace, and driving that change is the generational shift in consumer demand for a smarter and easier way to live with propane. The evolution and application of new technologies are pushing the boundaries of what industry professionals thought possible — one of these technologies being remote tank monitoring.
Current tank monitoring solutions are seriously flawed, making a meaningful and scalable deployment impossible. To combat this, Vertrax is proud to officially announce Vertrax Tank Monitoring Service — the only true sonar remote tank monitoring device and service.
Remote tank monitoring is one of the fastest-growing innovations in the trucking industry. Suppliers are realizing more and more that remote tank monitoring is a must-have addition to their current technology suites rather than a nice-to-have. In fact, a Berg Insight report revealed that in 2017, the number of active remote tank monitoring solutions reached almost 1.8 million units worldwide and 600,000 units in North America.
The NPGA Southeastern Convention and International Propane Expo brings together more than 3,000 marketers and suppliers from across the United States and other countries — making it the industry's largest event. Each year, the event grows bigger and brings together the best and brightest from all over the world.
This year is no different, so we thought that we’d highlight some of the key areas and learning opportunities to check out.