The energy minister Prince Abdulaziz bin Salman reportedly reported the Saudis wouldn't stop pumping: "We're still going to generally be the last gentleman standing, and every molecule of hydrocarbon will come out."
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In addition to this API, Chainalysis also offers a suite of tools for examining the data collected by their API.
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Mainstream adoption of blockchain technology can be some time away, though the technology offers potential to change industries from the bottom up. According to figures from Statista, the blockchain technology market is expected for being worth over US$1tn by 2030.
This project is additionally extremely important for Saudi Arabia, not only because of its potential revenue in tourism and investment, but it surely will also allow for Saudi Arabia to assume strategic control of trade and transit within the other region and beyond.
"I think it's really quite shocking that Saudi Arabia still appears to think that it may possibly carry on to exploit and extract this oil in this current context," says Dr Depledge.
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