Ecosc Private Limited intends to use the Blockchain technology to digitize and revolutionize the oil and gas supply chain. With the application of a distributed network, the Blockchain based supply chain will be self-sustainable. The company will primarily offer two services-
First is for the investors, in which an oil vendor can swap the crude oil with Ecosc tokens and become an investor. Company process this crude oil in the refinery, either fully owned or in partnership, and market the end products. The 6 % profit so earned will be shared with the token holders. In addition, after six months, the company will provide an option to buy back the tokens at the original price.
Second is for the oil and gas vendors who need a market place where they can trade globally and get paid through Blockchain based payment gateway.