Chicago, ILThe blockchain technology services company in Chicago, EZ Blockchain, will solve a global energy problem, revolutionize a sector and increase the success of cryptocurrency.
A global problem called gas flaring is of which few speak. Natural gas is released as a by-product of oil drilling, and in the oil and gas basin alone (Texas and New Mexico), 1 million dollars of usable natural gas are burned every day.
North Dakota and drilling sites in Canada and around the world do the same, resulting in 141 billion cubic meters of natural gas that come on every year. The problem is that this flaring process is the only way to do it dispose of the natural gas released during drilling without the infrastructure necessary to transport it where it can be transformed into consumption energy.
And that infrastructure, in broader terms that means "gas pipe", would solve the problem of combustion and create a huge source of revenue for local communities, not to mention providing cleaner and smarter energy. .
In order to sell Associated Petroleum Gas (APG), gas preparation plants and compression stations for the transport of natural gas through pipelines must also be built. Usually, this is only possible in industrial production volumes. An entire oil field is covered to collect APG from more wells and then feed it into a hub where the required infrastructure allows it to be sold on the market.
The World Bank has pursued a leadership role in reducing flaring through the Global Gas Combustion Reduction Program (GGFR), helping developing countries towards a more sustainable energy future.
But the GGFR has made little progress, with only a 5% decrease in 2017 in global flaring after more than five years of a daunting increase. Requesting governments' commitment to the cause and encouraging infrastructure development through lobbying is important, but it is slow. What these initiatives need is a blow to capital and more innovation to collect.
EZ Blockchain has its sights set on improved energy sources, in particular on renewable energy and on the smarter use of resources. This mining encryption technology company sees the shortcomings of both the status quo of the gas flaring and the programs under way to tackle it.
World leaders in gas production, including GE and Caterpillar, have the technologies to transform natural gas into consumable energy that would cost consumers a minimum of three cents per KW. And this is three cents for reliable energy that does not produce C02. Natural gas can inject movement and innovation into the Permian oil and gas basin, in North Dakota, Canada and around the world and change everything for the next generation.
The company is ready to launch a plan to maximize the generation of capital and the use of natural gas released during oil drilling, introducing a more sustainable energy future for the extraction of cryptocurrencies, local consumers and the world .
The company has developed prefabricated mobile datacenters that can be transported and distributed without a couple of hours. This technology will stimulate and follow the most intelligent energy sources. With the opportunity to produce more sustainable energy, more local income and reduce CO2 and gas flaring, EZ Blockchain plans to use these data centers to become part of the solution.