Adoption of blockchain technology will enable faster, permissioned, immutable, transparent and auditable business-to-business interactions between companies and their suppliers, distributors, financial institutions, or regulators. We recommend that businesses consider the following steps to get the most value from blockchain:
Position your business operation as an early adopter by:
Identifying the most compelling use cases by considering the highest-value opportunities
Identifying discrete areas where the attributes of blockchains drive rapid impact
Using design thinking to simplify the user experience and create agile proofs of concept to drive rapid adoption
Collaborate broadly to achieve globally accepted standards by:
Exploring the role of alliances and how profit pools might be redistributed. Then, decide on your role in building and piloting broader business networks
Consider the blockchain as the new business environment and collaboration as the optimal way of working, then consider with whom you should partner to create the
optimal business network
Scale lines of business with clear revenue models by:
Looking for new sources of revenue as business models are disrupted by blockchain, for example, consumption-based pricing, licensing and micro-charges and payments
Exploring how new blockchain-based services and apps can replace, complement or scale existing revenue models
Understanding how blockchain might extract further value from other technologies, such as big data analytics, the Internet of Things, cognitive and cloud computing.With the Permian Token we developed a solution to solve the working capital requirements of oil exploration & production companies and oil exploration and production economies, meanwhile democratizing the direct investment sector for the average investor.
The result, allowing seamless and transparent reporting of our worlds energy reserves and oil transactions under an immutable trust protocol (the blockchain). The PermianChain also solved theoretical and technological issues of oil exploration & production by allowing public and private sector to sell proven reserves yet to be produced via blockchain technology under a closed-loop-B2B-Exchange (the PermianChain). The PERMIAN Token Offering will launch 10 billion XPR tokens. It is our intention that at least 8.0 billion XPR will be sold during the Initial Token Offering (ITO) stages at $0.10 per token. Where we anticipate that 87.5% of the funds raised will go into oil campaigns and acreage with proven reserves. Whereas over 6% will be used to invest in continuous technology including blockchain and artificial intelligence for oil & gas exploration and production. Therefore, the total value of circulating XPR will eventually equal to the total value of Proven Reserves that are listed on the PermianChain.The XPR token offering will issue up to 8,000,000,000 ERC-20 tokens for investor contributions. Meanwhile, we will keep 1,000,000,000 tokens for treasury reserves to fund the communitys energy initiatives, mainly for geologists and oil & gas experts who have solid data and studies to work on.
The XPR tokens will be backed by Proven Reserves that are identified by the oil campaigns that the XPR will invest in from the funds raised during the Initial Token Offering (referred to as Oil Campaigns) and by the oil exploration and production companies that list their own Oil Campaigns and Proven Reserves on the PermianChain platform (referred to as Platform Prospects). PermianChain tokenizes Proven Reserves to support Permian Token (XPR) related assets and operations. XPR enables digital transfer of underlying assets value in the form of digitized value of oil under standard conditions. Thus, allowing the utilization of XPR's substantial physical and Proven Reserves as a means to facilitate commercial and consumer transactions around the world. As a reserve digital currency, we expect XPR will become a critical instrument for preservation of wealth and an ever expanding range of commercial and consumer activities using blockchain technology for digitized store of value.