RusGas: Technological Breakthrough in the Gas Industry

clauming (7)in #industry • 6 years ago

Introduction

Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

For this reason, the project I am going to present you is the RusGas, a blockchain platform for a technological breakthrough in the gas industry aimed at the financing and subsequent implementation of research into the production, processing, storage and transportation of natural gas.

Presentation

Definition

As I said before, RusGas (RGS) (https://rusgas.io/en/), is a technological advance that could transform the gas industry, improving the environmental situation in the productive regions, taking the technologies to a new level, and the most promising, allowing everyone to obtain income from the production of resources without borders nor policies.

Goals
The main goal of RusGas is as previously mentioned, to transform the gas industry through blockchain technology, to take the technologies to a new level and to improve the environmental situation in the production regions, creating new opportunities for researchers.

Functionalities and benefits
The development of clean technologies, from production processes to deep conversion and transportation methods, the realization of the potential of gas as a carrier of energy and resources for other industries, and the creation of an ecosystem to search and finance developments and of process facilities for the implementation of the developments are the main advantages of this platform. RusGas makes all this possible by distributing the chain of decision making, automating processes based on intelligent contracts.
Moreover, the main functionalities and aspects that RusGas covers are the following:

Sustainability and efficiency of production
Production of petrochemistry and LNG
Transportation of LNG
More efficient fuel cells
Better motor fuels
Reduction of greenhouse gas emissions
Use of reagents and catalysts to process better hydrocarburs

Roadmap

Airdrop

The project gives the opportunity to earn RusGas(RGS) performing some social media tasks and doing simple steps from the bounty program explained into Bitcointalk. Here (https://bitcointalk.org/index.php?topic=3301479.0) you can access to the link in order to see what are the conditions to become an early RGS contributor and start acquiring tokens.

Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://rusgas.io/wp-content/uploads/2018/03/RUSGAS-Whitepaper_en.pdf). You can also stay tuned in their official Telegram group (https://t.me/rusgas_official). I hope you liked the post and soon I'll send you new ones.

Team