GasBlock is a compound word of Gas and Blockchain, representing the goal of business maximizing the efficiency, profitability and security of Shale Gas abstraction, marketing and circulation by adopting blockchain to the whole process of it.
Shale gas refers to natural gas developed and produced in the hydrocarbon-rich shale layer (root rock), and shale is called blood rock in Korean, and refers to sedimentary rock formed by lumping mud with small particle sizes.
Shale Gas abstraction tolerates 0 error from safety management. Abstraction also tolerates 0 error for assessing economic feasibility. All of them have a room for a break through improvement by adoption of blockchain. GasBlock adopted the Ethereum blockchain’s ERC-20 solution with a proven track record of safety, security, transparency and cost effectiveness through billion times of global transaction, of which transparency and efficiency enables the revolutionary gas abstracting business.
GSBL is the native token of GasBlock that is critical to purchasing essential software, obtaining certificates, and having licenses to build platforms early in the market.
