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SRT:A new Blockchain Solution that will Solve Challenges in Petroleum Industry

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Petroleum products is inevitable in human life. It is the life line of moving machine. Apparently, its application is stretched out to all aspects of our life, extending from fuel and plastic creation to use in pharmaceutical industry and research and development.

The SRT venture is a framework that incorporates smaller refineries into a worldwide data database network dependent on a blockchain to generate incomes from refineries situated across the world.

This will be conceivable because of automation of business process decrease of transaction costs and guaranteeing transparency and unwavering quality of information. The creation of excellent fuel that meets current ecological measures and rearranges the entrance of refineries to trend setting innovations and hardware, causes the SRT Group to make a critical commitment to society.

The reason for the formation of this venture was the exercises of the organization Smart Refinery Technologies Group, which has been working since 2012. The organization has created innovative procedures and hardware dependent on new age zeolite impetuses. The proposed hardware expands the productivity of small refineries, expanding the profundity of oil refining and enhancing item quality - diesel and fuel.

Right now here there are a few challenges. For instance:

High fuel costs because of the multifaceted nature of coordination’s in locales with low levels of refining.

Ecological contamination in creating nations because of out of date refineries.

The absence of helpful trade for medium and small measures of fuel.

The lack of facilities to pay for cryptocurrency fuel.

Utilizing Blockchain innovation tackles these issues:

Decentralized network of mini refineries with fast association and commissioning of Smart Refinery facilities

Natural ecological creation of fuel class EURO-5 based on generation modules SRT Group

Blocked decentralized oil trade: KYC bidders on the KYC blockchain bidders in the blockchain, smart contract clearing framework, AI framework that helps brokers, payment of commission tokens of administration stations

Issuance of the worldwide fuel card SRT with the likelihood of accepting rebates on fuel up to 20% and payment for refueling both money and digital money

The mission of the SRT bunch is acquainting blockchain innovation all around with the oil refining industry, and the SRT amass is gaining noteworthy ground in this. The undertaking proposes to make another plan of action in the oil refining industry dependent on the SRT square platform, which will build the financial effectiveness of the platform members via computerizing business forms, lessening exchange costs and guaranteeing information transparency and unwavering quality.

Points of interest of the ICO

SRT is a utility token that fuels in as an interesting aide for performing operation on the platform.

Token Symbol - SRT

The total number of tokens issued - 100,000,000

The quantity of tokens apportioned available to be purchased - 62 million

Sale period from September 25 to October 25, 2018

Every unsold token in the current round will be offered for buy in the following round at another, higher cost. All non-exchanging tokens will be burn.

The price of the token will go from $ 0.5 to $ 10

The minimum investment is $ 50.

Token appropriation:

For detail information about the project can be access via the link provide below :-

Web site: http://srtcoin.io/en

VTT: https://bitcointalk.org/index.php?topic=4905473

Bounty BTT: https://bitcointalk.org/index.php?topic=5039763.0

Whitepaper: http://srtcoin.io/docs/en/wp.pdf

Github: https://github.com/smartrefinery/SRTToken

Twitter: https://twitter.com/SmartRefinery

Facebook: https://www.facebook.com/SmartRefinery/

Telegram: https://t.me/SmartRefinery