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.
Rated on Oct 29, 2018
Team looks solid, advisor as well. I think this is a decent looking project provided they can push through what they plan to achieve. On top of that, I think the oil market is a huge one and definitely can be tapped upon.
Rated on Nov 22, 2018
Modified on Nov 22, 2018
Good team with experienced advisory board... KYC done. Great Vision I like this concept. Wish them to get proper success.
Disclaimer: This is an independent review on the ICO and does not lead to investment advice. ICOs are risky, kindly do your own research before investment.
Rated on Dec 4, 2018
Solid experience in finance and blockchain from the core team, good advisors, a renowned VC funds.
The community would benefit from being developed, few involvement on social networks.
Interesting concept on a big market, a complete whitepaper that explains in detail the project operation.
Rated on Feb 3, 2019
This is a really interesting use case for blockchain, personally I love seeing blockchain projects that try to tackle some of the larger, monopolized industries like Oil. Sure, it would be a tough industry to disrupt but these guys have a really strong team, solid advisors and an excellent business model. In my opinion this is one of those projects that you probably want to keep eye, if they are able to pull this off and digitize oil then the sky is the limit .
Rated on Feb 5, 2019
At first sight, the project may seem interesting, although the concept of using the blockchain is not very clear. The team is one with elements that are quite experienced in their sectors of origin and the departments are well distributed, but at the planning level they are scarce in visibility.
Social media and communication channels are almost non-existent and the community is missing at all levels, so in terms of visibility and marketing, almost non-existent team. Surely on paper, a team like yours could collect the necessary funds for development even without using the blockchain, and then introduce it into the central system of the platform.
I do not understand the concept of requesting the user's personal data in order to access whitepapers or MVP, unless this has a very well-established technical explanation, for me it is as if they did not exist. In the end, if one only wants to look at the details of the project before thinking about evaluating a possible investment, it should be free to do so in anonymity.
Github does not exist, so it is impossible to see if there are any technological developments or not.
I agree to make the oil industry become more transparent and accessible but I do not know if the right strategy is being used.
I will return to re-evaluate my review in the near future, if there are visible improvements.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
TeamApply as an advisor
Challenger Drilling Engineer, BP
Michael C. Creadon
Founder, Battiest Energy
Founder & CEO, Permian.io
Head of Business Development
Digital Marketing Executive
VP, Oil & Gas
Blockchain Development Lead
Business Development Executive
Secure partnership with petrol stations globally to accept Permian Token as a form of payment.
Create 'PermianCard' for the XPR community to use as payment at gas stations globally.
Integrate real-time video tracking of oil well drilling on the PermianChain platform allowing users and investors to track investment activity and development progress.
Open submission for upstream exploration & production companies to list their proven oil reserves fir the future issuance of Security Tokens on the PermianChain platform.
Deploy capital towards approved oil campaigns with over 2,000,000 Barrels of Oil Equivalent (BOE) in proven reserves.
Finalizing all disclosure documents for investment process and filing with regulators for Private Placement Offering and Security Token Offering (STO).
Produced dedicated hard vaults for storing Permian Tokens (XPR) for secure transaction process.
Signed Memorandum of Understanding (MoU) with Schedule 1 licensed bank in Canada for digital custody integration on the PermianChain Platform.
Received Shari'a Certification to recognize the PermianChain and Permian Token (XPR) as compliant with Shari'a law and ethical investment practice.
Commence due diligence on already identified proven oil campaigns.
Finalized developer training with IBM Hyperledger Fabric team for MVP development.
Completion of PermianChain platform prototype, commencing of MVP development stages and appointing global legal specialists for review and finalizing of all disclosure documents and regulatory requirements.
Completed Permian.io website with new branding, new message and a newfound mission to digitize the world's proven natural reserves.
Started the Technical White-Paper, Technical Architecture and technical development roadmap for the PermianChain platform.
Partnered with Gulf Energy Corporation Limited to establish quality deal-flow and operational know-how in oil & gas exploration & production campaigns.
Appointed Blockchain Developer Lead to start the PermianChain prototype and MVP stages.
Deployment of Permian Token (XPR) smart contract as ERC20 token on the Ethereum network.
Developed the Permian Token (XPR) Dashboard and e-Wallet