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NetworkNewsWire Announces Publication Discussing the Use of Blockchain Technology for Oil & Gas Industry Supply Chain Channels
NetworkNewsWire Announces Publication Discussing the Use of Blockchain Technology for Oil & Gas Industry Supply Chain Channels.
About this update from First Bitcoin Capital Corp.
[{"type":"text","content":"\n\n NEW YORK, Dec. 11, 2017 (GLOBE NEWSWIRE) -- via NetworkNewsWire - NetworkNewsWire (\"NNW\"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Petroteq (TSX.V:PQE) (OTCQX:PQEFF), a client of NNW engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies.\n The publication, titled, “Blockchain Technology Creates Potential for Energy Industry Optimization,” reviews the potential of blockchain technology for supply chain management in the oil and gas industry. To view the full publication, visit: https://www.networknewswire.com/blockchain-technology-creates-potential-energy-industry-optimization/ “As part of its strategy to build advanced oil processing and refining facilities around the world, Petroteq encountered an impediment: less-than-optimal global oil and gas industry supply chain channels. Already familiar with the intricacies of the oil and gas industry, Petroteq quickly recognized the business opportunity at hand. In its quest for a solution to overcome difficulties associated with the industry’s supply chain inefficiencies and bottlenecks, Petroteq recently partnered with First Bitcoin Capital (OTC:BITCF) to develop and operate an enterprise-grade, blockchain-based platform called Petrobloq (https://petrobloq.com/) that will enable oil and gas companies globally to conduct transactions. “Petrobloq will constitute the first blockchain-based platform devoted entirely to serving oil and gas industry supply chain needs. The project is designed to address the cost constraints industry participants face in the wake of almost seven years of oil prices languishing at levels far below their $120 peak. Petroteq expects Petrobloq users will realize cost and time savings while benefiting from the increased transparency offered by the blockchain, enabling them to more easily navigate the vicissitudes of an ever-evolving global market.” About Petroteq Energy Inc. The company is engaged in the development and implementation of its proprietary environmentally friendly heavy oil processing and extraction technologies. Petroteq’s proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused...