Petroleum industry also knows as Oil Industry. In this industry there are many factors like production,exploration, Refining of petroleum products. Also due to liquid state and most of the source is in the sea, it requires mass transportation system. In today’s world, nothing is possible without petroleum products. transportation of Crude and Petroleum Products via rail, road, pipelines or sea (Oil Tankers) and marketing of petroleum products. Due to these factors, petroleum industry is one of the most vital industry in the world. In terms of market capitalization, this is number one industry in the world.
Despite being number one industry in the world,there are many challenges which are still there and demanding more efficient system to fulfill the requirements.
These challenges includes high operational costs, transparency, safety compliance, slow transaction processing, operational hurdles due to third party involvement.
And here comes XPetroleum!
XPetroleum, directly works towards solving all these mentioned problems, bringing the revolution in petroleum or oil industry.
How this is possible for this project? Due to use of blockchain technology, XPetroleum adapts all the features of blockchain technology to overcome the challenges in this industry.
With the use of XPetroleum platform, one can reduce the operational costs, can introduce more transparency in the ecosystem, can achieve faster transaction and can remove involvement of third party which can increase the trust in the ecosystem.
What advantages you will get if you invest in XPetroleum?
Invest in world's largest economical industry-Investing in XPetroleum is directly investing in Oil industry which is world’s largest economy.
Complete Decentralization of your system-Due to use of blockchain technology, XPL(XPetroleum currency) becomes decentralize currency which provides transaction time of few seconds.
Reduce operational costs-With the use of XPL tokens, the transactions will be instant and thus also reduce the cost associated with it.
Enhanced Security-Using ERC20 compliant (Etherium) platform all your transactions are guaranteed and also secured. So, security is no more a concern now.
Direct operations-With use of XPetroleum ecosystem, there will be no more third party intermediaries making the system independent and thus reducing the costs and hurdles associated with it.
Conclusion-Most of the fund part is reserved for development and research for future growth.If you look at the XPetroleum website, you will see that 40% of fund from total fundraising is dedicated to research and development. So we can imagine the future of this project.
With the association with world’s largest economy industry, integration with blockchain technology and adapting all its features, strong and experienced team will surely lead this project to success.
Website:- https://www.xpetroleum.com/
Whitepaper:- https://xpetroleum.com/docs/WhitePaperXPetroleum_en.pdf
Teelegram:- https://t.me/xpetroleum