The PermianChain is the B2B-closed-loop-exchange for oil suppliers and oil buyers & traders. The PermianChain will allow exchange of proven reserves via smart contract functionality under a crypto-economic model running on blockchain technology. The PermianChain technology and its built-in user-interface is being developed as a blockchainas-a-service for oil companies to utilize the economic-value of proven oil supply via blockchain technology. This blockchain-as-a-service technology allows oil exploration and production companies (Platform Prospects) and countries to monetize proven reserves that are yet to be produced. This will strengthen the industry’s reliability and improve business models of oil & gas companies. Suppliers could now monetize supply that have not yet been produced to create revenue without changing any business operations. Suppliers effectively maximize market volatility to generate higher and more stable revenues. By using a blockchain, suppliers’ operational expenses are dramatically reduced. Suppliers effectively eliminate the need for broker intermediaries in order to sell supply. By creating a blockchain solution, buyers can easily purchase coins from within the suppliers closed loop exchange (PermianChain) allowing for a stable and increasing coin price.