Permian Chain Ltd. is set to launch their new technology that connects blockchain to the oil industry. The website Permian.io will be live starting May 8th, 2018 and for a limited time, visitors will be able to buy into the project at a discounted rate.
The Permian Token (PMN) establishes an open, secure, and transparent direct investment ecosystem for oil companies in oil producing economies. By utilizing the economic value of oil supply via Blockchain to monetize Proven Undeveloped Oil supply, meanwhile creating revenue to suppliers without changing any business operations.
We invite visitors to come aboard with us on this fun adventure as we create the future.
Permian.io was founded by Mohamed El-Masri in late 2017. “The name originated from the continuous discovery about the Permian Era which caused a mass extinction event; when most of today’s oil and gas originated due to the fossilized remains of the mass animal and flora predation of that period.”
“After working closely with Oil & Gas professionals on the recent launch of Ento Energy SPV (a managed investment vehicle making private equity investments in the Permian Basin of New Mexico) we also realized the need for oil companies to monetize proven undeveloped oil reserves.”
“We also strongly believe that a powerful use of Blockchain technology as a public ledger that is immutable and fully secure allows for legitimate Oil Smart Contracts, backed by Proven Reserves to help boost economic activity around the world.”
“The recent oil market fluctuations had an impact on the global economy which largely is due to supply. By using the Permian Chain and the Permian Token (PMN), oil producing economies no longer need to rely on produced barrels of oil, instead they can now monetize on proven undeveloped oil production to strengthen economic activities and fill cash flow gaps or deficits in their respective markets.”
The project is backed by some of the greatest creative minds in the blockchain technology field and the oil & gas sector. We live in a world where the future is now. Blockchain meets Energy, which will help the global economic prosperity to carry on in the long run and for years to come.
Media Contact
Company Name: Permian Chain Ltd.
Contact Person: Anthony Daniel
Email: Send Email
Country: United Arab Emirates
Website: http://www.permian.io