Smart Refinery Technologies Group, the developer of innovative technical solutions and equipment for the production of automobile fuels is creating the world's first blockchain platform for the oil refining industry.
Smart Refinery Technologies is an all-up business process support platform, from production to selling fuel to consumers: Eco-friendly EURO-5 class fuel production management based on manufacturing modules of SRT Group. Trading based on decentralised fuel exchange with smart contracts-based payments. Pay fuel with cryptocurrency - fuel cards with cryptocurrency wallets integration gives an opportunity to pay fuel at petrol stations with cryptocurrency.
Smart Refinery Technologies Group, the developer of innovative technical solutions and equipment for the production of automobile fuels is creating the world's first blockchain platform for the oil refining industry.
Project goal: revolutionary technology services launching in the global fuel market, size of which is more than $ 5 trillion US dollars. Services will be based on blockchain and artificial intelligence (AI) technologies.
Smart Refinery Technologies is an all-up business process support platform, from production to selling fuel to consumers:
Eco-friendly EURO-5 class fuel production management based on manufacturing modules of SRT Group.
Trading based on decentralised fuel exchange with smart contracts-based payments.
Pay fuel with cryptocurrency - fuel cards with cryptocurrency wallets integration gives an opportunity to pay fuel at petrol stations with cryptocurrency.
Platform advantages:
Fuel exchange and production business processes automation based on blockchain and artificial intelligence (AI) technologies
Integration with industrial protocols of IIoT for ma complexes, logistics depots, payment terminals.
P2P payments and smart-contracts support.
High speed of transactions and a possibility to process more than 100,000 transactions per second.
Low commissions – now more that $0,001 for transaction.
Fuel trading convenient instrument for small and medium-sized businesses.
Project tokens: SRT-Coin – utility-token platform is a standard for trade commissions payments, royalties and payments for transactions within the network. The ERC-20 token standard will allow to use the existing Ethereum network infrastructure for storing tokens and conducting transactions. The issue of tokens is limited – 100.000.000 SRT-Coin. “Payment for commissions” tokens burning program will be implemented.
Team SRT consists of professionals: in the field of scientific research, blockchain developers, oil market experts. In SRT team there are 2 current professors, 4 doctors and Ph.D., professional managers with experience in world TOP-10 oil companies.
The global increase in demand for fuel exceeds 5,000,000 tons annually. The market craves for innovative solutions to meet this demand. Join the blockchain revolution in the fuel business!
ICO Consultant | Influencer | Strategy and Vision Execution | Public Relations | Crypto-funds | Blockchain Development Lead Rated on Sep 25, 2018 Modified on Sep 25, 2018
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15%
Team chiefs seem to have the domain expertise but rest of the team could be improved to gain investors confidence to deliver the promises.
Poorest whitepaper quality - not much care has been taken. See page 13 - images are missing - there are only texts and there are so many such examples throughout the whitepaper.
Not very good social presence.
I liked the idea to narrow down to Oil industry for payment via crypto but MVP is just a static website for few Oil components.
Very low hard-cap to achieve what they want to i.e Pay fuel with cryptocurrency!
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | Consulted 20+ ICOs | Marketing Expert Rated on Sep 30, 2018
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3
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15%
I think Smart Refinery Technology has a good business model in within and definitely it will be useful in the future as they bridge gaps in the market. However, that said, I think there should be a stronger use case of the tokens. This would have been a good security token use case but for utility token, more needs to be done.
CBDO LATOKEN | Cryptoinvestor | Advisor | Listing | Networker Rated on Nov 2, 2018
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5
4
14%
At first I doubted the project. But after studying in more detail, I saw that the project takes place in the blockchain. The team has a lot of expertise. The fuel market requires modernization. If the team succeeds, it will be a revolution in the industry.
Entrepreneur, Author and Marketing Specialist Rated on Nov 3, 2018
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5
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12%
Team has 9 members and 4 advisors. Greatly recommended to enhance your team for the success of this project.
They have an MVP available which looks good.
Founder TOTS | Strategist | Consultant | ICO | STO Rated on Sep 23, 2018
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4
2
11%
I like the idea and certainly the oil industry is one that can benefit from blockchain technology. The biggest issue is investors have no rights as the project is a utility. I believe the project would benefit more from launching an STO. Investors will be then be backed by assets, have rights and the compliance that goes with it. This of course is the harder route for the project.
Essentially in order for any real traction the project needs to rollout its equipment. It’s still early too determine if this will be successful, hence the STO play.
Investors are also missing vital information, such as: financial projections (potential ROI), understanding the competitive landscape, the strategy in pursuing other countries, equipment costs / average life.
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Start-up, the building of the research and engineering team of the project to develop technological solutions for secondary refinery processes for small oil refineries, which became the basis of the Smart Refinery project.
2
2013
Development of catalysts for the processes of gasoline isomerization and diesel fuel paraffin removal. Successful laboratory tests.
3
2014
Creation of mobile unit-containers. The concept of rapid launching of production in any place on a turn-key basis based on SRT modules.
4
2015
Beginning of production tests at real oil refineries. Development of a catalytic fuel oil cracking unit for increasing the depth of oil processing at small refineries.
5
2016
Continuation of research, improvement of catalysts. Receiving requests for the installation of production modules from oil refiners situated in Russia, the United States, Kazakhstan, Iraq, etc.
6
2017
Development of a blockchain platform for the automated management of license payments for each Smart Refinery production module that will operate worldwide.
7
2018
SRT-Coin ICO. Start of operation of the blockchain platform. Supply of equipment for modernization of partner oil refineries in Russia, Kazakhstan.
8
2018
Launching of refineries in Russia (1-2).
9
2018
Submission of patent applications, conclusion of contracts with partners, commencement of buying out of tokens.
10
2019
Launching of oil refineries in the USA (2) and oil refineries in the Kazakhstan, Iraq, Bangladesh.
11
2020
Creation of a global network of oil refineries (Russia, Kazakhstan, Uzbekistan, Turkmenistan, USA, Canada, Mexico, China, India, Indonesia, Iraq, Syria, Egypt, Libya, Algeria, Nigeria, Angola).
