PermianChain reveals Oil & Gas investment breakthrough at the Monaco Blockchain Conference

Monte Carlo, Monaco — A crowd of over 100 investors and engaged blockchain entrepreneurs came together Friday May 31st to discuss everything Blockchain and present investable ventures at the Monaco Blockchain Conference (MBC) taking place at the Fairmont Monte Carlo, with the theme “Connect, Engage, Diversify. The intimate conference was filled with representatives of family offices, blockchain startups and seasoned professionals in the space, from energy related, EdTech to FinTech solutions, the MBC covered it all.

Co-Founder & CEO of PermianChain took the stage before a sold out conference hall of 100+ attendees and introduced a revolutionary Oil & Gas investment breakthrough showcasing the digitization of oilfields and tokenization of direct oil and gas investments.

“We have to first understand the historical evolution of oil investing before we can see the significance of our Tokenization process”

Taking the the room back to the first North American oil well drilled in the 1850’s and the start of an oil investment industry in the 1860’s — “for 159 years, dealer/brokers, investment bankers, placement agents have been getting to work and were able to charge high upfront fees, creating high barriers to entry and convoluted transaction processes — we believe by harnessing blockchain to transform proven oil reserves and ongoing oil producing asset into investable Digital Assets, with the PermianChain, we can eliminate the high barriers to entry, high upfront fees and convoluted transaction processes”.

The Permian Token received interest from several family wealth advisors, digital asset management firms and digital asset exchanges. The company announced the closing of its first Private Placement round, starting its second round by second week of June.

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