ICO Today Magazine News
Increased awareness and legal enforcement of the oil and gas industry’s environmental responsibility is creating a commensurate need for effective and efficient technologies that help the industry better clean the waste products their activities invariably generate.
With co-operation from many of the world’s largest companies, governments and organizations that specialize in oil and gas waste disposal, we are moving their supply chains and contracts onto the blockchain. Using bespoke smart contract GUI’s that conform to the current layouts on our platform, OILSC will make this process more time and cost effective and move it closer to worldwide compliance and a cleaner world.
The Oil and Gas Supply Chain token is designed to be the medium of transaction within a smart contract between the oil and gas companies themselves and all the drill management and waste disposal service providers. OILSC token is supported by major companies and organizations with years of experience in providing full service drilling waste management, solids control and complete ‘backyard’ solutions to required post drilling environmental protection regulations worldwide. These companies and organizations are the base from which OILSC will be transacted.