The Sharing Economy of Blockchain Technology and the Future of Oil & Gas Industry

About ME

 

Founder, Blockchain Nigeria User Group, Regional Director, Africa at Paxful Inc. Author, Developer, Tech Event Organizer

Founder, www.startUpBits.fund

https://www.linkedin.com/in/chimeziechuta/

mezie16

THE SHARING ECONOMY OF BLOCKCHAIN TECHNOLOGY AND THE FUTURE OF OIL & GAS INDUSTRY

CFACoin Lunch

Abuja, Nigeria.

28th July 2018

https://slides.com/chuta

The Blockchain Technology: What iS it?

 

 

A Distributed Digital Record of Transactions, Secure, Immutable, Append-only,  Decentralized, Time-stamped,  Hashed and Transparent.

the Blockchain Technology

 

  • Reduce Redundancy
  • Increased Security
  • Increased Transparency and Efficiency
  • Immutable Storage of Data
  • Fraud Prevention
  • Encryption (Public/ Private Key pairs)
  • Sharing Economy
  • CryptoEconomics
  • Asset Tokenization

The Blockchain Technology

 

Cryptocurrencies/ CryptoTokens/ Digital Assets or CryptoAssets

 

A trustless Peer-to-Peer "Cash System" to prevent double spend!

– Satoshi Nakamoto, 09 January 2009

 

Decentralized | Censorship proof | Control Resistant

crypto asset tokens are....

Fractionable

Mobile

Liquid

What is

Blockchain Asset Tokenization?

Tokenization is a method that converts rights to an asset into a digital token.

What can be tokenize?

Artworks, Gold, Oil & Gas Products, Diamonds, Company stocks, Real Estate.....etc.

Why Tokenize "Real World" Assets?

Turning physical assets into tradable digital assets create more liquidity and lower barriers to entry for private investors in asset classes that are traditionally dominated by institutional investors and high net worth individuals. 

The sharing economy:

What is it?

collaborative consumption, collaborative economy, or peer economy.

The sharing economy:

 

 

“an economic system in which assets or services are shared between private individuals, either for free or for a fee, typically by means of the internet.”

Assets tokenization unlocks huge opportunities

 

Assets tokenization in the oil and gas industry.

 

What Opportunities?

 

understanding

The CFACoin Business Model

TOKENIZING OIL & GAS ASSETS

fair distribution of wealth

everyone is a winner!

Thank You!

Presenter

Chuta Chimezie

Twitter: @mezie16

The Sharing Economy of Blockchain Technology and the Future of Oil & Gas Industry

By Chimezie Chuta

The Sharing Economy of Blockchain Technology and the Future of Oil & Gas Industry

Tokenization is the process of converting rights to an asset into a digital token on a blockchain. There is great interest by financial intermediaries and technologists around the world in figuring out how to move real-world assets onto blockchains to gain the advantages of Bitcoin while keeping the characteristics of the asset. This is my presentation at CFACoin Lunch, July 28, 2018. Abuja, Nigeria.

  • 139
Loading comments...

More from Chimezie Chuta