Making natural gas cleaner, providing power to the blockchain
and enhancing the circular economy
The challenge |
Backup & Storage
US$900 billion stranded energy assets
and US$16 billion natural gas wasted each year Resource extraction projects often flare natural gas or leave it stranded due to the lack of funding or lack of available infrastructure necessary to get it to market economically. |
Digital-asset mining demands increasing
power Meanwhile, Digital-asset mining projects are often too expensive to proceed because the cost of power is too high to enhance efficiency and maintain uptime. |
The solution
PermianChain works with third party operators to register and tokenize natural gas resources that has been converted into affordable power (kWh) to supply electricity to data centres on-site.
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The benefits
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New revenue from wasted/stranded energy
The natural resource project gets a new revenue stream from a previously wasted and stranded energy resources. |
Driving down the cost of power
The digital-asset mining project enjoys access to affordable power. |
Read our Digital Energy Currency white paper to learn more about how PermianChain is
tokenizing natural gas resources to power blockchain computing for a circular economy
tokenizing natural gas resources to power blockchain computing for a circular economy
In this short video, Alex Tapscott, co-founder of the Blockchain Research Institute, offers his explanation of how PermianChain works and its role in bringing the oil and gas sector into the digital era.