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Blockchain execution is developing into oil preparation and fuel industry on a world scale.

Smart Refinery Technologies Group, a developer of innovative technical solutions and equipment for the production of automobile fuels, created the world's first blockchain platform for the oil refining industry. Smart Refinery Technologies is a support platform for all-up business processes, from production to fuel sales to consumers: Management of production of environmentally friendly EURO-5 fuels based on SRT Group manufacturing modules. Trade based on decentralized fuel exchanges with smart contract-based payments. Pay fuel with cryptocurrency - a fuel card with the integration of cryptocurrency wallets provides an opportunity to pay for fuel at a gas station with cryptocurrency.

Why SRT & why do you have to join SRT?

Smart Refinery Technologies Group, a developer of innovative technical solutions and equipment for the production of automobile fuels, created the world's first blockchain platform for the oil refining industry.
Project target: revolutionary technology services launched in the global fuel market, which amounts to more than US $ 5 trillion. Services will be based on blockchain technology and artificial intelligence (AI).

Smart Refinery Technologies is an all-up business process support platform, from production to fuel sales to consumers:

Management of environment-friendly EURO-5 fuel production based on SRT Group manufacturing modules.
Trade based on decentralized fuel exchanges with smart contract-based payments.
Pay fuel with cryptocurrency - a fuel card with the integration of cryptocurrency wallets provides an opportunity to pay for fuel at a gas station with cryptocurrency.

Platform advantages:

Fuel exchange and production processes process automation based on blockchain technology and artificial intelligence (AI)
Integration with IIoT industry protocol for complex, logistics depots, payment terminals.
P2P payments and smart contract support.
High transaction speed and the possibility to process more than 100,000 transactions per second.
Low commissions are now more than $ 0.001 for transactions.
An easy-to-use fuel trading instrument for small and medium businesses.

Project Token: SRT-Coin utility-token platform is the standard for payment of trade commissions, royalties and payments for transactions on the network. The ERC-20 token standard will allow using the existing Ethereum network infrastructure to store tokens and make transactions. The limited token issue is 100,000,000 SRT-Coin. The "Payment for commission" hijacking program will be carried out.

The SRT team consists of professionals: in the field of scientific research, blockchain developers, oil market experts. On the SRT team there are 2 current professors, 4 doctors, and Ph.D., professional managers with experience in the world's TOP-10 oil companies.

Below shows the problems that are affected by the oil refinery industry today, now SRT aims to solve the problem :

Excessive costs

The absence of directness in how costs are calculated and without using the calculation of privilege explanations, the sellers will decide the cost of their fuel, and that tends to be any cost as long as they benefit. For example, the high cost of fuel is due to the complexity of coordination especially for local with low oil refining. The SRT assembly stage is to submit the right answer to this problem in that case by building a decentralized system from the manufacture of a small oil refinery that will guarantee the speed of the association and also fill the office of a sharp refinery.

The use of an outdated oil refinery

In the countries that are creating, the use of obsolete oil refineries is very out of control in this way the natural population is rising. This has affected a large number of individuals because they take contaminated air along these lines with disease. The amass SRT stage is utilizing a generation of environmentally friendly EURO-5 fuel classes that depend on the stage assembly module. This guarantees quality generation and guarantees that tenants and their environment are guaranteed to be contaminated.

Lack of trade helps

Most of the world is basically in creating a country, there is no reasonable trade for two media and in addition to a little fuel volume. Oil traders in this way bear enormous misfortune especially because of the excessive costs they cause when they try to mobilize the right family of oil goods, high fees and complex accounting plans. The SRT Group stage utilizes decentralized blockchain innovation in oil trading which includes man-made awareness to help dealers, brilliant contract-based clearing, there will be no outside fees and in addition to the SRT token commission, among others. This will change the way in which things are considered in the refinery business, and traders will appreciate joining this stage.

There is no possibility to pay for fuel on petroleum stations with digital money

It is possible that most petroleum stations do not recognize digital money payments on the grounds that the installment method is not yet outstanding in the world. This is not at all like the SRT stage which offers you a fuel card that can be used universally close to the possibility of getting a fuel discount of up to 20% so that it is feasible for you to get low-cost fuel. In addition, through this stage, you will have the capacity to pay for your fuel costs through paper money and digital currency.

SRT-coin token is a utility token, which will be used in blockchain platform operations managing oil refinery license payments, as well as other ways described below:

Payment of license fees on the SRT platform

Companies that want to become platform production partners and receive SRTP group refinery equipment for rent on favorable terms must be holders of at least 10,000 SRT-coin Tokens. All production partners that are small tonnage oil refineries, will receive SRT Group equipment on long-term rental conditions with the obligation to pay royalties for the volume of raw material that is actually processed. Thus, the greater the number of oil refineries connected to the platform, and the greater the volume of raw material processed, the greater the amount of license fees collected. Payments under license agreements will be denominated in fiat currency depending on the provisions of local laws. In most cases, the US dollar will be used as an accounting currency. The SRT Group Company will enter into the license agreement a condition which, in the case of the payment of the license fee using the SRT coin token, a 20% discount on the total payment will be given. This condition will be a direct economic incentive for participants to use tokens and buy them to complete accounts on the Platform. At the same time, the SRT-coin amount for payment will be determined based on the current market price at the time of payment, which in turn will be determined based on information about the SRT-coin purchase / sale transaction on a cryptocurrency exchange or similar public trading platform. If local law does not allow oil processing companies to make payments through SRT-Coin, they will be able to send royalty payments in fiat currency, to payment agents and licenses, accredited in the system, while those registered in the region, where crypto-credit can be officially used as a payment instrument, SRT-Coin.

SRT Platform Architecture

Basic platform components:

PoA + IIOT consensus protocol The Smart Refinery Technologies (SRT) blockchain platform technical architecture is based on the principles of making open source applications that combine templates for smart contracts, building tools and infrastructure for their operations.
The SRT platform will operate on the basis of the Ethereum blockchain, using the consensus Proof-of Authority (PoA) mechanism.
The Proof-of-Authority (PoA) consensus mechanism is based on transaction confirmation by Validators - independent participants, whose identities are confirmed publicly.
Independent participants (SRT coin token owners), oil processing companies, technology partners (equipment suppliers), and Agents will become Validators on the SRT blockchain platform. Initially, there will be 10 Validators on the network, their tenure will be set for 3 years. The selection of new Validators will be carried out with an annual voting by the active Validator.
PoA consensus mechanisms on the SRT network are chosen to reduce delays and operating costs in the network. The PoA allows the network to function more efficiently than the Proof-of-Work consensus. It will be possible to quickly display the status of private networks in public networks to ensure permanence and data integrity. The speed and reliability of the Ethereum-based private PoA network fully complies with the requirements of the oil processing industry and allows unlimited scale of operations in accordance with the increase in the number of participants, and the amount of data on the network.
IIoT, «Industrial (manufacturing) internet things», will be an important component of the SRT blockchain platform. This is a distributed network infrastructure, integrated with an automatic process control system (АSU ТP) from industrial equipment. This will include digital sensors and interworking protocols to assemble sensors and control systems for automatic process control to local networks, and integration into blockchain. This will allow automation of data collection about equipment operations, payment of license fees, and provision of global service support by equipment supplier engineering centers.
Settlement accounts between blockchain platform participants will be done using the SRT-coin token (standard ERC20). The SRT blockchain platform will provide convenient tools and templates for making smart contracts, collecting automated equipment operation data, settling accounts and inter-company transactions.
Business process architecture and account settlement between blockchain platform participants are designed in such a way as to ensure their compliance with international laws and legislation that already exist in countries, where economic activities will be carried out, including oil processing at oil refineries. The SRT blockchain platform feature can be used by all equipment suppliers who are interested in the oil processing industry, which will open the possibility for them to enter the global market more easily.
As such, platform participants will have access to reliable data about the overall performance of the oil refinery network, number of refineries in the network and refining volume, license volume volume, number of SRT-coins destroyed and number of SRT -Coins remaining in turnover.

Details about ICO

Number of tokens sold: 62 000 000 SRT-Coin for several rounds of placement.
Type of token: utility token.
Unsold tokens: All unsold tokens in the current round will be offered for purchase in the next round with a new higher price. All tokens that are not traded will annihilated.
Selling price: $ 0.5 - $ 10. The minimum price of a token when placing will increase with each round.