I just seen this news in telegram. And raised a question on how this will have some effect on bitugene. Could you please explain this to me? It is just because oil companies will have more money and they use bitugene platform or something else?
Yes, high prices means more money and more freedom for oil companies. But let's not stop here.
Which oil companies wouldn't want to command more profits by reducing risk, removing a big percentage of roadblocks and eliminating certain human errors. And what better solutions available to sustain profits even when crude oil becomes cheaper.
That is when the bitugene blockchain project comes into play. I hope by then, the team will be able to give a detailed and clearer information for the investors. Right now the solutions are on a touch go basis and people with no interaction with the oil and gas sector will be a little lost without some research.