The current Oil and Gas Supply Chain (OILSC) ICO (http://oilsc.io/) is a major milestone toward our goal of moving the contracts and supply chains of the world’s largest oil and gas waste disposal companies, organizations and government agencies onto the blockchain and making OILSC coins the preferred industry standard medium of exchange in the US$ 5.08 billion global drilling waste management market.
The current increase in energy demand is creating a rise in oil and gas exploration and drilling activities, while rapid technological developments are improving the drilling, production capability, exploration and production activities in the deep-water and ultra-deep-water areas across the globe. This increase in production and exploration activities provides opportunities in drilling waste management and, by extension, OILSC.
Using bespoke smart contract GUI’s that conform to the current layouts on our platform, OILSC will reduce the cost and increase the efficiency and transparency of transactions between oil companies and drill waste management service providers. This in turn will lead to more recycling, more conservation, and more investments into oil and gas waste treatment technologies.
OILSC token is supported by major companies and organizations with years of experience in providing full service drilling waste management, solids control and complete ‘backyard’ solutions to required post-drilling environmental protection regulations worldwide. These companies and organizations are the base from which OILSC will be transacted.
With the surge in drilling mud and cuttings waste and it is therefore crucial to have suitable waste management applications for drilling purposes and safeguarding the environment.OILSC will make the oil and gas industry’s environmental protection efforts more time and cost effective and move it closer to worldwide compliance and a cleaner world.
Upcoming OILSC events include listing OILSC coins on an exchange and setting up regular supply chains with existing customers. Following the ICO, we intend to release multi-access dashboards on the OILSC network and initiate live Beta testing of the App/platform and GUI’s with clients in real use cases. Later this quarter OILSC will expand its marketing roll out to more oil and gas companies and related waste management operators.
Putting Oil & Gas Waste Management on the Blockchain
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