Basically in the activities in the field of technology that is done is processing data, and in processing data there are many elements in it such as where the data is placed, how the data is made, how the data is distributed and others.
Blockchain is a technology introduced together with Bitcoin by one person or group that calls itself Satoshi Nakamoto which originally used this technology to record financial transactions from bitcoin.
With blockchain, every transaction from bitcoin is saved in an Open Ledger which is distributed into the bitcoin network. Each blockchain will share a copy of the data to each computer connected to that network. At each additional data there will be checking whether the data is valid or not, which is usually called mining or known in other terms Proof of work.
With the advent of blockchain technology, in most industries, cardinal changes have begun to occur and the development of new standards has significantly increased certain industries. No exception, and the oil processing industry. The potential of blockchain technology that has never existed before in oil refining and the fuel industry reduces production and logistics costs. This provides an opportunity to create the world's first decentralized system with high production efficiency - SRT (Smart Refinery Technologies).
What is SRT?
Smart Refinery Technologies Group, a developer of innovative technical solutions and equipment for the production of automobile fuels, created the world's first blockchain platform for the oil refining industry. Smart Refinery Technologies is a support platform for all-up business processes, from production to fuel sales to consumers: Management of production of environmentally friendly EURO-5 fuels based on SRT Group manufacturing modules. Trade based on decentralized fuel exchanges with smart contract-based payments. Pay fuel with cryptocurrency - a fuel card with the integration of cryptocurrency wallets provides an opportunity to pay for fuel at a gas station with cryptocurrency.
Smart Refinery Technologies Group is a group of companies that implement projects to make industrial blockchain for refining and fuel industries, and a project to create a global base of small scale refining networks based on innovative refining equipment. The group of companies consists of:
Smart Refinery Technologies Group OU (Estonia) is the center of the company that will act as the owner of intellectual property and the recipient of license payments from oil refiners, including project tokens.
LLC "Design Bureau" Union "- a company that conducts research and development, technology developers and equipment for oil refining companies.
LLC Smart Technologies is a company engaged in the production, sale and service of oil purification equipment.
Why SRT?
Smart Refinery Technologies Group, a developer of innovative technical solutions and equipment for the production of automobile fuels, created the world's first blockchain platform for the oil refining industry.
Project target: revolutionary technology services launched in the global fuel market, which amounts to more than US $ 5 trillion. Services will be based on blockchain technology and artificial intelligence (AI).
Smart Refinery Technologies is an all-up business process support platform, from production to fuel sales to consumers:
- Management of environment-friendly EURO-5 fuel production based on SRT Group manufacturing modules.
- Trade based on decentralized fuel exchanges with smart contract-based payments.
- Pay fuel with cryptocurrency - a fuel card with the integration of cryptocurrency wallets provides an opportunity to pay for fuel at a gas station with cryptocurrency.
Platform advantages:
- Fuel exchange and production processes process automation based on blockchain technology and artificial intelligence (AI)
- Integration with IIoT industry protocol for complex, logistics depots, payment terminals.
- P2P payments and smart contract support.
- High transaction speed and the possibility to process more than 100,000 transactions per second.
- Low commissions are now more than $ 0.001 for transactions.
- An easy-to-use fuel trading instrument for small and medium businesses.
WHAT IS THE PROBLEM IN THE SPHERE OF GOAL FUEL TO SOLVE THE SRT PROJECT?
First of all, this project aims to solve problems such as:
Fuel prices are high because of the complexity of logistics in regions with a shortage of refining capacity, by creating a small, decentralized refining network with a fast construction cycle and commissioning of intelligent CPD objects (perfecting complexes)
The solution to the problem of severe environmental pollution in developing countries because of the low environmental standards of the oil refining industry will come from EURO-5 environmental class fuel production based on the SRT Group production module.
Thanks to blockchain technology, it is possible to decentralize oil exchange, vendor verification, transparency through smart contracts, artificial intelligence systems that will help traders, and SRT tokens that you can use to pay commissions comfortably and quickly. These components will help solve problems such as: high costs for oil traders, complicated payment schemes and high risks.
By issuing an SRT international fuel card with the possibility of receiving discounts of up to 20% and paying for refueling using cash and cryptocurrency, the problem of not paying for fuel at the gas station using cryptocurrency was completed.
Based on the fact that the petroleum product market occupies the world's leading economic and practical position, the SRT project has all the opportunities to succeed thanks to blockchain technology and functionality developed by the project's professional team. In addition, the company has operated a successful oil refining business with total revenues of more than 15 million dollars, which only gives confidence in the implementation of this project. Join participation in the project!
MORE INFORMATION ABOUT SRT PROJECTS YOU CAN FIND BY THE REFERENCE:
Website: http://srtcoin.io/en
Whitepaper: http://srtcoin.io/docs/en/wp.pdf
Facebook: https://www.facebook.com/SmartRefinery/
Twitter: https: // twitter. com / SmartRefinery
Telegram: https://t.me/SmartRefinery
Author: Gunawan82
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=966506