Sergey Gorkov, CEO of RosGeo, commented:
- We are going to apply the blockchain technology to automate the collection, processing and storage of the production information, to improve the quality of the analyzed field data and significantly reduce the time required to document the scopes of the work done
- In addition, our plans include the development of a technological platform for tokenization of junior assets, opening a new market for investment into geological exploration with emphasis to implementation of application solutions based on smart contracts
Alexander Borodich, the founder of Universa Blockchain, said:
- Our platform enables to process large scopes of information ensuring high speed performance and business continuity, which is essential for implementation of blockchain technology at production facilities of this scale
- Our expert knowledge and experience in automation of quite complex business processes on the basis of smart contracts, including those in foreign markets, allow to quickly develop a full-featured, integrated technology platform for tokenization of geological assets, and to digitize the mining process, making it transparent and understandable to an investor into a junior company
A total of more than 1,000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields.