PermianChain
Technology Consulting/Tech Services - N/A, N/A, AE
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PermianChain Details
PermianChain Technologies is a Toronto-based start-up that is focused on bringing efficiencies of the blockchain to natural resources, starting with the oil and gas sector.Trading natural resources is currently complex, slow and fundamentally inefficient. Agreements are cumbersome and difficult to transfer without adding costs and there are so many different steps involved in the process of getting natural resources from upstream through mid-stream to downstream, that the knock-on effect of delays at any point can be significant and costly.The PermianChain platform delivers an open, secure and transparent natural resources marketplace powered by blockchain and smart contract. It will increase the efficiency of trading in natural resources, make ownership more transparent and help transform the way natural resources are funded, produced, bought and sold.Our team is made up of professionals with backgrounds in energy, finance, law, investment banking, IT and ICT, blockchain, data science and marketing.Our mission is to operate a Blockchain Platform-as-a-Service (BPaaS) for issuing digital-assets against proven natural resources, enabling stakeholders to enjoy increased transparency, efficiency, liquidity and profitability.Our goal is to eliminate the high barriers to entry and introduce more sustainable financing and working capital solutions with the use of blockchain and decentralized finance for the exploration and production of proven natural resources globally.
PermianChain Technologies
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