SRT Project History and Glossary

Smart Refinery Technologies Group Organization (Company, SRT Group) is the initiator of the project for the creation of the business blockchain platform for the motor fuel industry, as well as the formation of a global network of small dégaine oil refineries on their basis, and the foundation of innovative proprietary design oil refining equipment.

Intelligent Refinery Technologies Blockchain system (blockchain platform SRT, Platform) is a software and hardware package with a free license (open source), IT-platform designed to collect information about the functioning of oil refining equipment, logistic, trading and payments running to handle data in blockchain ledger, to perform settlements of accounts between participants includes but is not limited of measurements the amount of certificate, commissions and trading fees, using the SRT-coin bridal party Proof-of-Authority is a general opinion mechanism in a blockchain network. It uses a purely personalized system of «rights/permissions» nodes that are granted to confirm the dealings (create new blocks) and secure them in the blockchain SRT-coin tokens – an electronic asset, giving the owner the justification to participate in the development and functioning of the Platform and receive rewards for activities performed. Participants of the platform – Individuals or legal entities that own SRT-coin tokens. Project - according to the context, a task is a process to produce and support the working of the Platform, or a global network of olive oil refineries, working by the working platform.

Within 2012, a squad of devotees commanded by Alexey Ognev propelled a duty to harvest zeolite reagents and refinery tools for trivial oil processing plant. The investigation supervisor of the job was Professor, Doctor of Chemical Sciences Alexander Gaile one of the very well-known specialists in the field of petrochemical processes. The model catalytic process units were developed at engineering Company “Design Bureau “Union,” to solve the most urgent problems of small delaine oil processing, such as:

• Increasing the level of oil processing

• Production of high-octane gasoline from a straight-run petrol Production of winter (northern) diesel energy

• The decrease of sulfur content in fuel, to be able to compliant with the requirements of recent ecological standards

In years 2014-2017 the equipment successfully experienced tests under real creation conditions, fully conforming to both the technical and marketing concepts of the project, in just 2 to 3 years.

Furthermore, to increase develop the project, a technique was chosen to create a global blockchain platform for integration business of production, trading and supply of motor fuels with using utility-tokens SRT-coin for transactions in a network of small tonnage oil refineries, oil traders, gas areas and SRT fuel cards owners.