Post
Topic
Board Speculation (Altcoins)
Re: Best cryptocurrency to invest in 2018
by
abubakarbes9
on 23/09/2018, 12:14:00 UTC
Once an XPR is bought, it can be then liquidated via a the PermianChain Exit Facility or used by midstream companies to claim their rights for the associated barrels of crude oil from the PermianChain platform. Daily production by the suppliers determines how many XPR can be used to claim oil per day. Once an XPR token holder exercises her rights and the transaction order for the barrel is filled, the XPR token will be returned to Treasury and re-listed with new Platform Prospects upon listing Proven Reserves. Blockchain validates each transaction, rights claim and supplier fulfillment for security and transparency on the platform. Shipping logistics would be streamlined as well through the use of digital wallets. Each wallet is registered to a specific buyer and contains that specific buyer’s drop-ship location. Whenever XPR token is exercised for a barrel of oil, the blockchain protocol knows exactly where to ship the order and can calculate shipping / logistic cost to deliver the barrel to the designated location specified in the wallet. This would ultimately reduce cost and streamline business operations for upstream and midstream companies. Thus, increasing the value / price of each XPR, and providing immediate income for the supplier. This could have positive future developments that should potentially allow PermianChain to prove sources of oil and decrease corruption and smuggling of oil as a result of war-torn countries around the world. For the meantime, the PermianChain is a needed solution for the cash flow gap faced by oil companies and for oil producing economies to reduce their risks of deficits.