Turner Valley Oil and Gas Inc (TVOG)

[Werbe]

Block Chain news from new Filing!

https://www.otcmarkets.com/financialReportViewer?symbol=TVOG&id=185293

The Company, focused on bitumen shipping, infrastructure, and supply chain assets, has also begun implementation of BlockChain technology into its business plans. Recently, major shipping company Maersk along with Microsoft and other tech companies tested a Blockchain for Shipping Insurance. When shipping goods from A to B, any number of things can go wrong, so shippers buy insurance through a complex jumble of brokers and underwriters to manage the risk to their freight. These various tech companies partnered with several insurance companies to try securely sharing shipping data on a blockchain to dramatically reduce time, cost, and risk across the entire insurance value chain.

The platform was designed to make auditing aspects of a shipping supply chain easier, to improve the tamper-resistance and sharing of data in realtime, and to enable many different parties to settle upon the terms of premiums in a more timely fashion. Turner has begun the process of talking to various Blockchain companies to complete a Merger & Acquisition (M & A) and/or a Joint Venture (JV).

The bitumen infrastructure supply chain represents all the links involved in creating and distributing goods, from raw materials to the finished product that goes into the possession of the consumer. Currently, supply chains can span over hundreds of stages and dozens of geographical locations, which makes it very hard to trace events or investigate incidents.

As a distributed ledger that ensures both transparency and security, the blockchain is showing promise to fix the current problems of the supply chain. A simple application of the blockchain paradigm to the supply chain would be to register the transfer of goods on the ledger as transactions that would identify the parties involved, as well as the price, date, location, quality and state of the product and any other information that would be relevant to managing the supply chain.

The public availability of the ledger would make it possible to trace back every product to the very origin of the raw material used. The decentralized structure of the ledger would make it impossible for any one party to hold ownership of the ledger and manipulate the data to their own advantage. And the cryptography-based and immutable nature of the transactions would make it nearly impossible to compromise the ledger. Some experts already believe that the blockchain is unhackable