As the worlds first blockchain powered platform for the production management and automobile fuel, this platform is committed to enhancing services within the refining industry by ensuring security, transparency, accountability and getting rid of the unnecessary expenses within the industry. This will see the society benefiting from the initiative in that there will be adequate fuel in the market and they will be able to acquire it at low prices, unlike in the past.
The following are some of the major problems facing the oil refinery industry that SRT platform is trying to solve:
- Exaggerated prices
Lack of transparency in how the prices are calculated as well as without using the right analytic algorithm, the sellers will be determining prices for their fuel, and it can be any price as long as they get profits. For instance, high prices of fuel are as a result of logistics complexity particularly to regions with low oil refining. SRT group platform is offering a suitable solution for this problem in that through establishing a decentralized network of small oil refineries creation that is going to ensure high speed of organization as well as commissioning of smart refinery facilities.
- The use of obsolete oil refineries
In the developing countries, the use of outdated oil refineries is quite rampant thus the environmental population is on its rise. This has affected so many people as they breathe in the polluted air thus contracting diseases. SRT group platform is employing eco-friendlyEURO-5 class fuel production that is based on manufacturing modules of the platform. This not only ensures quality production but also ensures that the inhabitants and their surroundings are protected against pollution.
- Lack of convenient exchange
Most parts of the world mainly in developing countries, there is a lack of a suitable exchange for both media as well as small volumes of fuel. Oil traders are therefore suffering big losses especially due to the unnecessary expenses that they incur when they make efforts of allocating the right batch of oil products, high costs as well as complex calculation schemes. SRT Group platform employs a decentralized blockchain technology in petroleum exchange that comprises of artificial intelligence to assist traders, smart contract based clearing hence there will be no third party expenses as well as commissions of SRT tokens among others. This will change the way things are handled in the refinery industry, and traders are going to enjoy partnering with this platform. This is because they will no longer require third party intervention to clear their oil as the negotiations will be done directly and upon reaching an agreement, a smart contract will be signed, and money will only be released after the completion of the business.
- No possibility to pay fuel at petrol stations with cryptocurrency
There is no doubt that most petrol stations do not accept cryptocurrency payment because the mode of payment is still not popular across the world. This is unlike the SRT platform that offers you a fuel card that can be used internationally alongside the possibility to receive discounts on the fuel of up to 20% making it possible for you to acquire fuel at low prices. Moreover, through this platform, you will be able to pay for your fuel bills through fiat cash and cryptocurrency.
Official links for more details,
Website Link: http://srtcoin.io/ru
Telegram Link : https://t.me/SmartRefinery
Whitepaper: http://srtcoin.io/docs/en/wp.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=4905473
Facebook Link: https://www.facebook.com/SmartRefinery
Twitter Link : https://twitter.com/SmartRefinery
Linkedin Link : https://www.linkedin.com/company/smartrefinery
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1472403