Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) recently engaged a
software engineering firm to develop blockchain applications for its PetroBLOQ
platform (http://ibn.fm/q6h1a).
A recent article discussing the company reads: “MetzOhanian, a Texas-based
software development and security firm, specializes in building blockchain
solutions. Petroteq intends to use blockchain technology to improve efficiency
and transparency in its supply chain, leading to major cost savings and
enhanced security and trust. … A number of industry experts believe that
blockchain will play a major role in boosting the oil industry’s profitability (http://ibn.fm/tF83x).
Specifically, using blockchain technologies in supply line management could
reduce inefficiencies that currently cost the industry a lot of time and money.
MetzOhanian, with its Texas roots, is familiar with the supply chain challenges
that confront the oil industry. MetzOhanian specializes in creating software
for businesses, including business automation, software and hardware
integration and supply chain applications.”
To view the full article, visit http://ibn.fm/LojF2
About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused
on the development and implementation of a new proprietary technology for oil
extraction. The Company has an environmentally safe and sustainable technology
for the extraction of heavy oils from oil sands, oil shale deposits and shallow
oil deposits. Petroteq is engaged in the development and implementation of its
patented environmentally friendly heavy oil processing and extraction
technologies. Our proprietary process produces zero greenhouse gas, zero waste
and requires no high temperatures. Petroteq is currently focused on developing
its oil sands resources and expanding production capacity at its Asphalt Ridge
heavy oil extraction facility located near Vernal, Utah. In addition, the
Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to
develop the first blockchain based platform created exclusively for the supply
chain needs of the oil & gas sector. For more information, visit the
company’s website at www.Petroteq.energy
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment