EnergyFunders CEO interviewed about platform that enables regulation D funding of oil and gas investments and projects. Squawk Box had some great questions and was impressed with how accredited investors now have the ability to oil smaller pieces of petroleum drilling projects in the United States using EnergyFunders’ new blockchain technology platform.
EnergyFunders is a cutting edge Financial technology platform dedicated to disrupting the way people from all over the world invest directly into energy investments, starting with oil and gas.
EnergyFunders provides investors with unprecedented access to projects that were traditionally reserved for the wealthy or those with inside information. Its mission is to allow these everyday investors access to direct energy investments with access through low buy-ins, due diligence, and a wealth of information regarding each investment. While many of our investors are accustomed to more traditional investments like oil stock, the stock market in general, and commercial real estate, recent changes in crowdfunding regulations have opened the door to allow almost anyone to benefit from the tax credits and passive cash flow offered by oil and gas investments.
Traditionally, trading, selling and purchasing energy assets and ownership interests has been a time-consuming process requiring lengthy title searches, due diligence, and many requests for information. With the introduction of EnergyFunders’ blockchain technology, transactions can be authenticated and ultimately settled using smart contracts that engage in predefined commercial actions according to criteria required by the transaction. Moreover, relevant information is easily stored, retrieved, and correlated with assets. Ultimately, expensive and time-consuming asset transfer transactions become streamlined with large attendant reductions in cost and time.
“In addition to enabling ground-level access to opportunities for investors, our blockchain technology will offer a new, critical transparency along with greatly reduced transaction times compared to traditional transactions,” says Aalok Shah, CTO of EnergyFunders. Additional benefits of EnergyFunders’ blockchain technology for investors and fundraisers will include:
o Efficiency and Optimization – Bringing liquidity to an illiquid energy market; allowing transactions to occur more safely and quickly, and opening up a secondary market.
o Accountability – Providing immutability and transparency for transactions, creating an audit trail for investors and regulation compliance.
o Enhanced security – Securing via unbreakable cryptography all relevant details of each transaction, which are independently, cryptographically verified.
EnergyFunders’ blockchain technology anticipates broadening the energy investment market to include all legally permitted users around the world with built-in regulatory and legal compliance as appropriate for each user’s country of residence. Eventually, EnergyFunders users are projected to experience a true borderless trading environment with a resulting dramatic reduction of transaction costs.
Investors and operators who want to learn more about this innovative platform can find more information and open a free account at EnergyFunders.com.