US$900 billion stranded energy assets and US$16 billion natural gas wasted each year
Resource extraction projects often flare natural gas or leave it stranded due to the lack of funding or lack of available infrastructure necessary to get it to market economically.
Digital-asset mining demands increasing power
Meanwhile, Digital-asset mining projects are often too expensive to proceed because the cost of power is too high to enhance efficiency and maintain uptime.
Environmental impact is reduced and innovation is encouraged.
New revenue from wasted/stranded energy
The natural resource project gets a new revenue stream from a previously wasted and stranded energy resources.
Driving down the cost of power
The digital-asset mining project enjoys access to affordable power.
Making it simple for the oil and gas sector to trade efficiently, reducing costs and attracting new investors
The oil and gas sector is phenomenally complex. Natural resources need to be sourced from producers, transported, stored, blended and delivered
A myriad of organisations are involved during the supply and refinement process creating a complex flow of information.
Disruption is common and adds cost, but the blockchain could enhance information flow, speeding up the process and reducing waste and cost.
PermianChain’s blockchain-based gas-to-power marketplace lets users buy and sell field-generated power quickly and efficiently.
Information flows transparently between stakeholders, reducing waste and helping bring down the cost of both trade and power.
Read our Digital Energy Currency white paper to learn more about how PermianChain is
tokenizing natural gas resources to power blockchain computing for a circular economy
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