OilWellCoin is the first project in the world aimed at solving the problem of financing and developing the oil industry based on blockchain technology. It is created by a group of professionals with more than 40 years of experience in oil exploration, software development experts, and professional lawyers.
The basis of the project is the OilWell platform created to liberalize the processes in the oil market and make them more transparent. The strategic goal of the OilWell project is to introduce innovative blockchain-based financing mechanisms into the oil production, refining and marketing industries, which will reduce the threshold for investors to enter the business and increase capital inflows into the industry. OilWell platform will allow anyone to become a member of the oil business.