Hunter CEO Interview Q&A With Austrian Federal Economic Chamber
VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) -- Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (“Hunter” or the
“Company”), a leading innovator in digital hydrocarbon marketplace transactions for physical oil, is pleased to share select excerpts relating to digitalizing the oil value chain
and Hunter’s blockchain technology taken from recent interviews featuring Hunter’s CEO Dr. Florian M Spiegl. The excerpt is based upon a podcast conducted by the Austrian Federal Economic Chamber
and other interviews during March and April 2021. A full copy of the Q&A is available on Hunter’s website at www.huntertechnology.com.
Your solution OilEx is built for small independent producers. Why?
Small independent producers are a significant part of the global oil industry. In the USA alone, the small and private independent producers collectively across more than 2,000 companies produce 22% of all oil and generate around $60,000,000,000 (60 Billion) US Dollars in annual revenue. Each company, on average, is relatively small with less than 2,000 barrels of oil per day in production, around 12 employees and often without a dedicated person marketing the product. So uniquely the USA –the largest oil producer and exporter in the world – sees a significant portion of total production coming from small producers.
Hunter is focused to bring its digital innovation to this target group, which tends to have the most significant gap to digitalize the selling of their product compared to the larger companies who started this process earlier. With a fully digital proposition, it becomes possible to aggregate and profitably serve this sector in the industry at scale, providing a corresponding economic opportunity for us.
Hunter acquired the financial and blockchain technology company FinFabrik that you co-founded. How does that support Hunter's mission?
FinFabrik specialized early in developing digital trading platforms for multiple asset classes, using blockchain technology. As a FinTech company, we brought both the people and their expertise as well as deployable solutions to Hunter Technology.
For example, the FinFabrik platform CrossPool enables digital investment in alternative assets. It uses a proprietary permissioned blockchain infrastructure to digitalize the investment process and assets as well as to manage the identity of investors. The experience and expertise we gathered by building this system and the technology itself today help us develop Hunter's solutions such as OilEx and bring it to market faster.
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