Xpetroleum oil industry with blockchain technology



Intriduction
There are various ways that the oil and gas industry can profit by the utilization of blockchain innovation, particularly with progressively powerful data management method, and the security of exceptionally delicate data. The oil and gas industry has been at the frontline in technological advancement, seeing developments, for example, 3D seismic mapping, fracking, and a large of different innovations.
Be that as it may, it has likewise received criticism since the majority of the development has been directed at the operations side of the business. Thusly, the backend capacities that deal the managerial processes of the oil and gas sector have suffered.
For the past couple of years, the industry has confronted various difficulties including continuous price changes and high production yield levels, which have brought about cost-cutting measures, layoffs, and reduction in exploration.
Organizations in this sector need to continually improve just as re-adjust their operational procedures, the strategies they utilize, and even how transactions are executed to ensure they stay competitive. Furthermore, the way things are, XPetroleum blockchain-based technology is the best platform to enable the industry to defeat its present difficulties.



What is XPETROLEUM?
XPetroleum platform is designed on Ethereum blockchain with smart contracts aim to transform the oil and gas industry. XPetroleum platform is one of the biggest trust oil economies within the Blockchain technology. Oil industry is a standout amongst the most essential industries in the world with the global market estimate of $1.7 trillion.

Blockchain offers many features to the oil industry few of the features are: Transparency, financial transactions, empowering performance-based contracts, Track provenance for authenticity, Secure, cost and Time.
Oil is a non-renewable resource that must be protected. It's for this reasons a project called XPetroleum is being created, which can improved the processes of oil exploration and supply through the execution of Blockchain technology.



The fundamental objective of the developers is to deliver a new generation oil platform based on Ethereum smart contracts, that offers the below benefits to the oil industry:
  • confirmation of  the originality of the item;
  • tracking place of starting point;
  • transparency of activities;
  • reduces cost;
  • proven safety;
  • reduced transactions handling time;
  • eradication of middlemen between the supplier and final consumers.
How XPETROLEUM Platform functions?
XPetroleum platform will be founded on Blockchain technology, which allows for the storage and exchange of data between members on equivalent levels. Because of the undeniable reality that this technology utilizes decentralization, the XPetroleum platform will absolutely eliminate the utilization of third party services.
All actions inside the platform will be executed based on smart contracts that are completed between at least two or more parties. These agreements may include few functions that are executed in light of specific activities of the parties to the agreement. Such a solution will assurance the security of activities and enhances their transparency.
Every of the participants will be able to track the origin of oil production, the time of its delivery, additionally, variety of similar parameters included in the technique of trading this profitable resources.
XPL Token will be the main currency of the platform, which may be stored on wallets that supported the ERC20 digital currency standard. It'll be possible to buy these coins only during the public sales.



Reasons why you should alternative for XPetroleum?



The Global market estimate
Oil industry is the sector with the world's biggest demand. The oil industry is a standout amongst the most essential markets in the world, global oil market size stand at $1.7 trillion.
Why utilizing Blockchain?
The introduction of blockchain technology is one of the most significant inventions ever. It enhances peer2peer exchange activities. Thusly, it will be use to do business activities, in that it offers a transparent service with 100% reliability and assurance for the members data. In this manner, xpetroleum is using this pleasant setup to change the inefficiencies within the oil-based companies.
TOKEN AND ICO DETAILS
The XPetroleum token sale event licenses potential customers to contribute to XPetroleum and get XPL tokens. The maximum XPL token supply is eighty million tokens. XPL is an ERC20 token that serves as currency on XPetroleum platform. 62 % are sold in open sales. The equivalent of the 1 token will be $ 0.15. Be that as it may, the date of public sale will be announced by the founders of the platform in April this year once the Whitepaper 2.0 is release.
TOKEN DETAILS
Token name: Xpetroleum
Token Symbol: XPL
Standard: ERC20 (Ethereum)
Decimal: 8
Total Token Supply (max): 80,000,000 XPL
Min Purchase: 0.1 ETH
Initial Price: $ 0.15
Soft Cap: $ 5,00, 000
Hard Cap: $ 5,000, 000
Accepting: ETH
The XPetroleum platform currency will be XPL tokens, this token can be kept on wallets that support the ERC20 digital currency standard. Potential clients can purchase these coins only during open sales.
ROADMAP



UNIQUE TEAM



Conclusion
With a convincing value proposition, many oil and gas companies could hope to explore, invest, work together with XPetroleum on building up their blockchain-based platform intended to decentralize the industry. XPetroleum will radically reduces the expense of operations for many refineries by eradicating middlemen, and furthermore guarantee the security of financial transactions between the parties to the agreement.

For more information, please visit:
https://bitcointalk.org/index.php?action=profile;u=2280022
Eth addres : 0xdDe4F7782EE2fA6e6801CA5C2c610390F0d28ae1
Author : nakatami

Komentar

Posting Komentar

Postingan populer dari blog ini

VERA EXCHANGE TEKNOLOGI BLOCHAIN DAN CRYPTOCURRENCY

Gambar
Pengantar. VERA adalah tiket ke dunia cryptocurrency untuk semua.  Proyek kami akan memberi Anda persyaratan perdagangan yang paling menguntungkan, antarmuka yang ramah pengguna, serta tingkat perlindungan yang tinggi dari platform kami. Salam kepada semua pedagang dan investor crypto, hari ini saya kembali dengan proyek cryptocurrency blockchain, yang dikenal sebagai Vera.  Saya akan menyajikan secara singkat apa itu iman.  VERA adalah proyek pertukaran cryptocurrency berbasis blockchain yang datang ke cryptospace untuk merevolusi semua perdagangan cryptocurrency.  Artikel hari ini hanya akan fokus pada platform Vera Exchange.  Apa yang dibawa ke ruang crypto, dan saya juga akan berbicara tentang alasan mengapa pedagang cryptocurrency perlu menggunakan platform unik ini. Saya sering bertanya pada diri sendiri ke mana dan di mana dunia akan pergi tanpa teknologi blockchain, dan pertanyaan ini membuat saya kembali ke bagaimana orang hidup  hidup sebelum teknologi blockchain.  Sebel
Baca selengkapnya

QuickX the platform for high-speed off-chain and cross-chain transactions

Gambar
introduction Cryptocurrencies and blockchain technologies have brought many benefits to people, but one of the best is that they can provide faster transactions, innovative decentralized platforms and a number of enterprise solutions. Of course, with so many cryptocurrency platforms, it's important to understand what makes each one different from the rest, so that users can determine what is right for them. So in this review I would like to present a platform that allows you to transfer different cryptocurrencies between parties and it does so instantly. It is called the FASTEST CROSS BLOCKCHAIN TRANSACTIONS (hereinafter-QuickX), this platform provides instant results without high commissions. QuickX is a product of Secugenius company, which is a well-known company in the field of cybersecurity in India, providing effective and reliable information security services. Secugenius has received many prestigious awards, including the award for innovation of the Vice-President of
Baca selengkapnya

Billion Match - Jackpot Cryptocurrency on Powerball, Win 2 BTC & 100 ETH

Gambar
Introduction . Everyone certainly knows this game, because indeed this is a very fun game and not a new game for those of us who are already playing gambling, maybe we all know more about Powerball games. You can see a very large jackpot and everyone has a chance to win it. Billion Matchcomes with an extraordinary update. designed more easily and uses better technology. Match Billion presents Powerball games more fun with cryptocurrency and blockchain technology. the use of blockchain technology certainly makes the Powerball game in Match Billionbecome more transparent. It must be remembered that only MDL hodlers token can participate in the game, those who do not have MDL tokens cannot play. How do I get the MDL Token? Because only members who have MDL tokens can play in Match Billion , members who do not have an MDL token can buy it directly on the Match Billion website . Based on information from the group admin, MDL tokens are now available on their website. but for t
Baca selengkapnya