Hello Everyone, this time I will review a blockchain-based project, let's go here
THE WORLD`S FIRST BLOCKCHAIN PLATFORM FOR PRODUCTION MANAGEMENT AND AUTOMOBILE FUEL
Smart Refinery Technologies (SRT) is the world’s showtime production direction too every bit car fuel platform that is powered past blockchain engineering science mainly to heighten transparency, ensure faster services, safety too every bit accountability inside the industry. There is no incertitude that a lot of challenges look up rock oil refining manufacture such every bit efficiencies, lack of transparency, lack of accountability, inadequate equipment, misfortunate direction too every bit prolonged services. It is worth mentioning that SRT is mainly committed to making a divergence inside this manufacture through the introduction of blockchain technology.
PROJECT MISSION : Implementation blockchain technologies into oil processing and fuel industry on a global scale
OBJECTIVES AND BASIC PRINCIPLES OF THE PROJECT :
• Creation of a new business model, for the fuel industry, based on the Smart
Refinery Technologies’ (SRT) blockchain platform which cover production, logistic,
trading and distribution of motor fuels all over the world. That will allow for increase
in the economic efficiency of the platform participants, by means of automation of
business processes, reducing operational and transaction costs, and ensuring
transparency and quality of data regarding equipment operations, raw materials and
products, transactions between participants of the platform etc.
• Creation of benefits for the society by increasing the consumers' access to
quality motor fuels that comply with modern environmental standards, and also by
simplifying the access of oil processing companies to advanced technologies and
equipment
• Development of the world's first global network of small tonnage oil
refineries, each of which, acting independently, creates common economic value
bigger that if working alone
• Active participation of the SRT Club members (owning the SRT-coin tokens)
in the development of the platform and receiving revenue from the activity that
creates social and economic benefits.
Smart Refinery facilities
It is of import to name that Smarty Group Technologies platform is good equipped amongst the latest high-tech rock oil mining tools amid other products. The platform also has a goodness issue of experienced rock oil refining experts who accept been into this service for quite about fourth dimension forthwith therefore are able to tackle all the challenges that expression upward this industry. Its affiliate network has operated successfully inwards rock oil refining line of piece of occupation concern as well as has managed as well as then far to collect a amount of fifteen one thousand thousand dollars. After launching the production past the Smart Refinery facilities, all the regions volition live provided amongst high-quality, eco-friendly EURO-5 fuel at a lower price.
ARCHITECTURE OF SMART REFINERY TECHNOLOGIES BLOCKCHAIN PLATFORM
BASIC COMPONENTS OF THE PLATFORM:
CONSENSUS PROTOCOL POA IIoT
Technical architecture of Smart Refinery Technologies (SRT) blockchain platform is
based on the principles of creating open source applications that combine
templates for smart contracts, tools for their building and infrastructure for their
operation. SRT platform will operate on the basis of Ethereum blockchain, using the
Proof-of-Authority (PoA) consensus mechanism
In Proof of Authority (PoA), all node validators are chosen based on collaboration
between parties. PoA consensus is suitable for an organization who want to build a
transparent blockchain supporting external auditability but control who can join
the node network (permissioned public blockchain). SRT plans to use PoA and
build nodes in multiple locations to make sure the database in a highly secure,
immutable state. In the future, other organizations wants to utilize this
architecture can join to be a partner and and operator of SRT Blockchain Platform.
Kovan is an open-source based on Ethereum codebase and developed by Parity.
Kovan is using PoA, however Parity only allows selective partners to join the
network. Consequently, Ethereum foundation created Rinkerby Testnet, also using
PoA and allowing a wider range of partners to join. SRT plans to use Ethereumbased, POA consensus to build a customized TomoChain. This is a good choice
given the level of maturity in documents, code bases, smart contracts within the
Ethereum ecosystem.
Official links for more details,
Website Link : http://srtcoin.io/ru
Telegram Link : https://t.me/SmartRefinery
Whitepaper Link : http://srtcoin.io/docs/en/wp.pdf
Ann Thread Link : https://bitcointalk.org/index.php?topic=4905473
Facebook Link: https://www.facebook.com/SmartRefinery
Twitter Link : https://twitter.com/SmartRefinery
Linkedin Link : https://www.linkedin.com/company/smartrefinery
By : Surya96
https://bitcointalk.org/index.php?action=profile;u=943513
ETH: 0x99e203b429f8FeB33f11DE901859aE2352D2c202