PermianChain Technologies Introduces Blockchain to the Gas and Oil Sector
Permian Token, introduced by PermainChain Technologies, is a cryptocurrency asset that will support the value of undeveloped gas and oil reserves. At present, the trade in gas and oil is complex and inefficient, and as such, many investors are reluctant to venture into the market. However, the Permian Token smart contract system is expected to replace the complexity and inefficiency of agreements in this sector.
PR is expected to eliminate the layers of bureaucracy and dramatically reduce broker and administrative fees. It will also make it simpler to pinpoint and alleviate delays, will improve investment efficiency and open the sector to a swathe of potential new investors.[source]
Source Refference:
https://www.compelo.com/energy/news/permian-token-brings-blockchain-to-oil-and-gas-sector/
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