We see Blockchain technology as a game changer for the oil and gas industry. The oil industry has traditionally been slow to adopt and apply new technology and the way it does business has not really changed with time, but the current oil price levels don’t allow business as usual approach and innovation has become the key in finding new solutions for sustainability and growth in this low oil and gas price environment. Enter INJOULE.
Combining IOT with Blockchain, we are currently testing InJoule applications on various oil and gas projects like;
• Infrastructure Decommissioning Projects
• Hydrocarbon Accounting
• Seismic Database/ Interpretation Ledger
• Asset Share
• Wholesale Insurance
• Decentralised Exchange for Commodity Trading, OTC Clearance etc.
Injoule Platform is developed as an enterprise grade blockchain platform equipped with a plethora of tools, applications and services, maximising the application of blockchain technology to the specific needs of Oil and Gas industry:
Our InJoule Wallet with the block explorer service, is like your virtual equivalent of a bank account. It is the safest place to store, receive and send Cryptocurrencies
We are currently developing a Gateway service for InJoule Platform to introduce FIAT money into the InJoule blockchain tokens and to exchange:
– ETC to InJoule ETC asset
– InJouleETC to ETC
– Credit cards to InJoule ETC and InJoule asset.
In the meantime, you can have a look at some other service providers listed below;
More information on this coming soon……