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Fabricated by DaFECS © 2021
The company automates ticketing-based services leveraging IIoTs and Blockchain in the 3 verticals of the Oil and Gas industry: upstream, midstream and downstream.
Dafecs uses blockchain to streamlines all wholesale, retail and inspection-related processes in a private Blockchain network, where successions of smart contracts are executed to communicate key-data to key-stakeholders quickly and accurately, allowing the entire ecosystem to exchange documents and transact with much confidence while ensuring full compliance to regulations
Trading on a blockchain-enabled system has huge benefits when it comes to automated financial settlements through smart contracts, as well as step-by-step verifications of quality and physical delivery on a shared ledger. Such transparency and data immutability provides high level of confidents to merchants and traders to the point that they will not need the services offered by clearing houses as third parties.
With the current legacy system of siloed databases and individual information,there is an opportunity for commodity merchants who rely on priceinefficiencies to make profit, as well as for price-reporting agencies whose main job is to bring a wide coverage of commodity prices to the traders. Once a shared ledger is in place, price transparency will eliminate such reporting agencies and pricing efficiencies will eliminate the chance for commodity merchants to benefit from arbitrage opportunities.
Crude oil and gas tokenization could offer a great investment opportunity to retail, accredited, and institutional investors. Due to the high complexity of such a business, the costs are astronomical; therefore, tokenizing ownership and providing a profit-sharing model through a regulated tokenized asset class means that the petroleum company will be able to receive all funding it needs without having to go through laborious checks by banks and other financial institutions. Once oil and gas is ex- tracted from wells and rigs, it will be sold to refineries and profits will be shared with token holders (whether utility or security tokens).
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