Downer Group is trialling new blockchain technology to manage complex shutdown and turnaround maintenance work. The company referred to the trial as “an Australian first for the asset services industry.”
Downer’s Asset Services business performs more than 130 shutdowns, turnarounds and outages each year for customers across the power generation, oil and gas, and industrial sectors. Blockchain has the capability to boost efficiency, heighten security and create transparency in contract management, benefiting both delivery partners and customers.
The trial is just one of the ways the company is working to improve customer experience, said Pat Burke, executive general manager of Downer’s Asset Services business.
“A key factor in the successful management of large maintenance outages is having real-time information regarding asset condition, time, cost and schedule that allows fully informed decision making during the actual execution of major and minor works.
“I believe blockchain technology will be used in many business-to-business transactions in the coming years,” Burke said.
Downer partnered with Brisbane-based blockchain developer Labrys to design and trial the bespoke blockchain solution for Australian businesses.