The future is blockchain. It is difficult to find a large company today that has not begun or announced plans to investigate and implement blockchain technology in their business. While the increased security, efficiency, and transparency (where it matters) of blockchain can be very exciting, it can also be overwhelming figuring out how to even get started. EnergyLedger is a project created by leading industry experts Blockchain Technologies Corp. that leverages all of the advantages of cutting edge blockchain and smart contract technology, tailor made to the specific needs of the energy industry. CEO Nick Spanos has been developing custom blockchain solutions since before most even heard the term. He brings an unrivaled level of expertise and industry contacts.
Using blockchain technology you are able to create a “token” which represents a claim on future oil taken out of the ground.
The borderless world wide (permissionless?) reach of cryptocurrency allows you to not only offer a stake in the future profit of this oil/gas deposit but also enables a free market for byers to enter the offering at any time. Think of it like a futures contract that anyone is able to buy or sell at any time and the transfer and ownership (settlement) is all handled by the blockchain for pennies on the dollar compared to traditional methods.
Best of all its highly secure and transfers are instant and nearly free.
Enter Zap’s bonding curves technology. Early backers get a larger reward in return for higher risk they take on with an unknown site. The funds raised will fund the drilling/exploration of the deposit.
It’s like a decentralized worldwide Kickstarter for the energy industry all powered by Zap smart contract technology.