Utilizing the economic-value of oil supply via blockchain to monetize proven undeveloped oil reserves. The Permian-Chain technology funds the acquisition of proven undeveloped oil supply to generate early revenues for suppliers and provide higher discounts to buyers. Democratizing the oil & gas direct investment sector in a crypto-economy. The Permian Token (PMN) establishes an open, secure, transparent direct investment oil & gas ecosystem powered by Blockchain technology and the application of cryptography as a digital token. Over 2.0 trillion barrels of oil recoverable globally. The world has 70 years of oil left at today’s production rate of 30 billion barrels per year. Compared to the 1,300 billion barrels produced around the world in history.
October 2018 - 2021
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