Hunter Technology Corp. has announced an update on the integration of its FinFabrik assets after acquiring 100% of FinFabrik Limited for USD 11,149,182. The acquisition aims to enhance Hunter's OilEx and OilExchange platforms. FinFabrik's key technology platforms include CrossPool, XP Invest, and CryptoFabrik, designed for financial institutions and professional users. Hunter's focus continues on the development and market refinement of these technologies to improve trade cycle efficiency and promote ESG compliance in oil transactions.
Hunter Technology Corp. (HOILF) announced it is set to launch a pilot service for select users, including governments and environmental agencies, in Q3 2021. This service, branded as OilExchange, will utilize a proprietary blockchain platform to provide immutable data on the crude oil supply chain, enhancing transparency and compliance. Users will benefit from real-time insights into the lifecycle of hydrocarbons, facilitating responsible energy production. Hunter aims to formalize agreements post-pilot, supporting the industry's shift towards digitalization and environmental responsibility.
Hunter Technology Corp. (OTCQB: HOILF) announced plans to launch a pilot service for select users, including governments and environmental agencies, in Q3 2021. This service will leverage a blockchain-based modular software platform to provide immutable data intelligence on the crude oil supply chain. The OilExchange service aims to enhance transparency and efficiency while promoting environmental compliance. Users will gain real-time insights into the supply chain, which supports the economic viability of exploration and production operations.
Hunter Technology Corp. (OTCQB: HOILF) has successfully integrated teams and technology following its acquisition of FinFabrik on December 31, 2020. The company is leveraging the expertise of seasoned developers to continue building the OilEx marketplace platform focused on blockchain technology. A pilot application is expected in Q2 2021, aimed at processing live transactions, with a full release planned for Q3. CEO Alex Medana emphasizes creating a secure digital marketplace for oil transactions to enhance pricing and streamline processes.