Smart Refinery Technologies (SRT)
What is SRT?
Smart Refinery Technologies Group, a developer of innovative technology solutions and equipment for the production of automotive fuel, is building the world's first block-chain platform for the oil refining industry. Smart Refinery Technologies is an eco-friendly EURO-5 fuel production management based on the manufacturing modules of the SRT Group: from production to selling fuel to the consumer. Transactions based on distributed fuel exchange with smart contract-based payments. Pay the fuel with cryptocurrency - fuel card with cryptocurrency wallet integration provides the opportunity to pay the fuel to the gas station with cryptocurrency.
Why SRT?
Smart Refinery Technologies Group, a developer of innovative technology solutions and equipment for the production of automotive fuel, is building the world's first block-chain platform for the oil refining industry.
Project Goal: Innovative technical services starting in the global fuel market, with over $ 5 trillion in scale. Services are based on block chain and artificial intelligence (AI) technology.
Smart Refinery Technologies is the platform for all business processes, from production to selling fuel to consumers.
Eco-friendly EURO-5 fuel production management based on SRT Group's manufacturing module.
Transactions based on distributed fuel exchange with smart contract-based payments.
Pay the fuel with cryptocurrency - fuel card with cryptocurrency wallet integration provides the opportunity to pay the fuel to the gas station with cryptocurrency.
Platform Benefits:
Automation of fuel exchange and production business processes based on block chain and AI technology
Integration with IIoT's industry protocols for MA complexes, warehouse and payment terminals.
P2P billing and smart contract support
Transactions are fast and can handle more than 100,000 transactions per second.
The transaction fee is $ 0.001 or more.
Convenient equipment for fuel trading for SMEs.
Project Token: The SRT-Coin utility token platform is a standard for trade commission payment, royalties and network transaction processing. The ERC-20 token standard uses existing Ethereum network infrastructure to store tokens and perform transactions. The token problem is limited - 100.000.000 SRT-Coin. Run the "Commissions Payments" token program.
The SRT team consists of experts such as scientific research, block-chain developers, and oil market experts. The SRT team has two experienced professionals, four PhDs, and four PhDs in the world's top ten oil companies.
The global increase in fuel demand exceeds 5,000,000 tons per year. The market wants innovative solutions to meet these needs. Join the block chain revolution in the fuel business!
Marketing Strategy
Fuel on a global scale is constantly growing and does not decrease during periods of economic crisis.
Global annual gasoline and diesel fuel production is over 2.5 billion tons.
Global fuel demand is met by hundreds of large refineries and thousands of small refineries. There are many places where only a small ton refinery can be an effective solution.
In order to successfully achieve the project's goal of establishing a global refinery network capable of handling 5 million tonnes of raw materials per year, the project does not need to take up a significant portion of the fuel market. It will not exceed 0.2% of the world market.
Marketing Strategy
Equipment supply and production network construction of small tonnage refinery. Based on the results of negotiations with dozens of companies implementing or planning small-scale tonnage processing facilities, the SRT-Group's development strategy was adopted.
Refinery modules are not for sale but are leased for long-term lease agreements to increase the availability of SRT equipment and technology for the largest market participants.
The obligations of leased equipment are to pay royalties (license fees) based on raw throughput. Royalty is a major source of cash used by project participants to purchase SRT coins.
All production facilities with SRT group equipment are connected to a single information network based on the SRT block chain platform to ensure real-time payment of all participants' interaction and license fees.
Mini refinery equipment will be provided to local refineries based on long-term leases in oil prices to maximize total refinery capacity and license payments.
License costs do not rely on revenue from specific refineries but only on raw material throughput and license cost ratio (5% of the average wholesale price of gasoline and diesel fuel based on the exchange rate). .
The price of the token does not affect the account settlement requirement for the license fee. Payments are set in monetary units (in US dollars).
The number of tokens in a transaction that matches a specified amount is determined by the market (exchange) rate at the time of payment.
Architecture of the Smart Refinery Technologies Block Chain Platform
Platform Architecture
The basic components of the platform are:
Consensus Protocol PoA + IIOT The technology architecture of the Smart Refinery Technologies (SRT) block-chain platform is based on the principle of creating open-source applications that combine smart contract templates, building tools and operational infrastructure.
The SRT platform operates on an Ethereum block chain using a proof-of-authority (PoA) matching mechanism.
Consensus mechanism The Proof-of-Authority (PoA) is based on the transaction confirmation of an independent participant whose identity has been publicly identified.
Independent participants (owners of SRT coin owners), petroleum processing companies, technology partners (equipment suppliers) and agents of the SRT block chain platform will be Validator. Initially, there are 10 validators on the network, and the permission period is set to 3 years. The election of a new validator is done with an annual vote of the active tester.
In SRT networks, the PoA consensus mechanism is chosen to reduce network delays and operational costs. PoA allows the network to function more effectively than a Proof-of-Work agreement. You can quickly display the status of your private network on the public network to ensure data integrity and integrity. The speed and reliability of an Ethereum-based personal PoA network is fully compliant with the requirements of the petroleum processing industry and can scale to an unlimited number of operations depending on the number of participants and the amount of data on the network.
IIoT, «Industrial (Manufacturing) Internet of Things» will be an important component of the SRT block chain platform. Distributed network infrastructure integrated with automated process control system (АSU ТP) for industrial equipment. This includes digital sensors and interworking protocols for integrating sensors and controllers from automated process control systems into the local network and integrating them into a block chain. This allows you to automate data collection for equipment operations, payment of license fees, and global service support from the equipment provider's engineering center.
Account settlement between block-chain platform participants is performed using the SRT-coin token (ERC20 standard). The SRT Block Chain Platform provides convenient tools and templates for smart contracts, automated equipment operations - data collection, account settlement and inter-company transactions.
The business process and account settlement structure between the block-chain platform participants was designed in such a way as to ensure compliance with existing legislation in the countries in which international law and economic activity will be carried out. Refinery. The features of the SRT block-chain platform make it easier for all equipment suppliers interested in the oil processing industry to enter the global marketplace.
Thus, platform participants have access to reliable data on the overall performance of the refinery network, the number of refineries in the network and refining volumes, licensing costs, number of SRT coins, and number of destroyed SRTs - coins remaining in turnover.
If you are interested in joining us, or you want to know more about all the latest developments from this SRT Project, you can immediately see all the links below:
WEBSITE : http: //srtcoin.io/ru
WHITEPAPER : http: //srtcoin.io/docs/en/wp.pdf
TWITTER : https://twitter.com/SmartRefinery
TELEGRAM : https://t.me/SmartRefinery
FACEBOOK : https://www.facebook.com/SmartRefinery/
LINKEDIN : https://www.linkedin.com/company/smartrefinery
MEDIUM : https: //medium.com/@SmartRefinery
BITCOINWIKI : https: //en.bitcoinwiki.org/wiki/Smart_Refinery_Technologies_Group
YOUTUBE : https://www.youtube.com/channel/UCldqtZJ7Ra0iHVVMV72blgg
ANN THREAD : https: //bitcointalk.org/index.php? Topic = 4905473
Author : adifariz
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1279352
ETH : 0x48CeC0d6baa75D069eA06A59D6Ed8916E94ef19A