Especially if TVOG is vertically integrated. If we can use blockchain to track bitumen movement from the refinery to the end user, that would substantially reduced corporate overhead, improve efficiency, and I'm sure a million other benefits I am not even thinking of.
Yup! So glad to see this sector finally seeing some recovery. The blockchain and IoT are really going to revolutionize heavy industries. We have such an overhead heavy business model and variable revenue. We saw that during the last downturn in shipping - revenue decreased but expenses remained relatively stable. We still had debt service, office leases, payroll, etc. My hope is that by utilizing the blockchain and IoT we can make our industries more nimble.