Overview of the Smart Refinery Technologies-Global Network project based on Blockchain

nurdin82 (25)in #smart • 6 years ago

Hay ... Dear readers, on this occasion, I will write an article about a very innovative and interesting project to analyze in the modern world today. Where you can invest and save your wealth that will give you big and real profits in the future.

The oil industry is one of the most profitable industries in the world. It is not surprising that oil has a wide range of applications, from generating fuel for use in vehicles to construction machinery and agricultural machinery. Therefore, it is only a matter of time before blockchain technology is applied in this profitable field.

Smart Refinery Technologies

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What is Smart Refinery Technologies (SRT)?

Smart Refinery Technologies (SRT) is the first global company to combine blockchain technology in the petroleum industry. SRT uses blockchain technology to integrate small refineries globally into official information networks. Participants earn their income.

The mission of the SRT group is to apply blockchain technology to the oil refining industry on a global scale, and the SRT group makes significant progress in this regard. The project proposes the creation of a new business model in the oil refining industry based on the SRT blockchain platform, which will increase the economic efficiency of platform participants by automating business processes, reducing transaction costs and ensuring data transparency and reliability.

Smart Refinery Technologies Group, since 2012, is a developer and supplier of high technology refining equipment for small and medium scale refineries. The company has developed technology processes and equipment based on new generation zeolite catalysts. The proposed equipment will significantly increase the profitability of small oil refineries by increasing the depth of refining and improving the quality of petroleum products - gasoline and diesel.

To ensure the rapid development of refinery networks based on SRT Group technology and equipment, it is planned to apply a special equipment rental model with payment of license fees for the actual volume of raw material processing. This will allow oil refineries to introduce new processes without risk and start generating profits in a short time.

The goal of SRT

Enhance the cumulative benefits to society by increasing the accessibility of consumers to quality fuels.
Creates the world's first small-scale global network of refineries for economic operators.
Active participation of SRT-coin card owners in platform development and revenue recognition.

How does SRT work?

SRT is a manufacturer of high-tech refining equipment for small refineries. Its equipment can produce high quality engine fuels (EURO 5 type) only used for production by large refineries. With this new facility, small refineries can reduce production costs and increase their revenues and profits.

Filter modules will not be sold; They will be hired for long-term use. For a company to lease equipment, a royalty fee (license fee) depends on the volume of processing material that is required. It has become the main source of funds for SRT and the projects participants are trading on this platform.

Payment structure of SRT

Smaller refineries in the network will pay royalties to the SRT Group for every ton of processed oil.
All calculations to be made and recorded in the blockchain will automatically enhance the transparency and reliability of the platform.
Royalties may be paid in cash or SRT coins. Payment by Token allows 20% discount on payment amount. This discount will act as an incentive for investors to use the card rather than the money on the platform.
SRT will continuously reduce the number of Token in circulation. 80% Tokens coming as royalties will be removed from circulation by culling leaving less total Token during the day.
SRT prices will be adjusted according to the market depending on the demand and supply based on the results of the stock exchange involving the purchase and sale of Token to ensure a reasonable price.
This Token price stability will ensure a steady, stable demand for them.

ICO details and SRT token code

SRT-Coin is the standard token code for trade commission payments, royalties, and payments for transactions in the SRT ecosystem. The ERC-20 token will allow the use of the existing Ethereum network infrastructure to store tags and execute transactions. Project SRT issue up to 100 million SRT-Coin. Distribute the tokens as below:

TOKEN DISTRIBUTION (SRT)

62% - Tokens for sale
26% - Team and Advisory Board
6% - Introduction Program
3% - ICO organizations and consultants
3% - Bonus and Airdrop

SRT ICO Details

SRT Token
Pre ICO price: 1 SRT = 0.5 USD
Bonus: Yes
ICO Price: 1 SRT = 1 USD
Platform: Ethereum
Acceptance of contributions: ETH, BTC, LTC, BCH, DASH
Soft stamp: 500,000 USD
Hard stamp: 5,000,000 USD
Country: Estonia
Whitelist / KYC: White List
Prohibition: US, Chin

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Highlights of the SRT project

Fuel conversion and production processes based on intelligent and artificial intelligence (AI)
Integration with IIoT industry protocol for metro complexes, logistics warehouses, payment terminals.
P2P payments and smart contract support.
High transaction speed and the ability to handle more than 100,000 transactions per second.
Low transaction costs - currently only more than $ 0.00 for transactions.
Fuel trading is convenient for small and medium businesses.

ROADMAP

To date, there is no blockchain platform in the world on the basis of allowing it to implement a similar business model of the relationship between equipment suppliers, oil refiners, and investors in oil refining projects. So the solution offered by SRT Group is an innovative approach to business process organizations in the framework of oil refining activities.

Project Development Team

The project team consists of people who have extensive experience in manufacturing purification equipment, industrial development, oil refining, information technology. In general, this project involves those who know everything about oil purification and purification equipment. Also in the group is a famous engineering expert, professor of the petrochemical industry parts. The author of more than 400 scientific papers, Alexander Gaile.