DALLAS, Oct. 21, 2017 /PRNewswire/ -- The
much-publicized WaterToken is scheduled to release on Oct. 25 and will operate in conjunction with IoT
(Internet of Things) technology on the blockchain. The Genesis
Research & Technology Group WaterToken will unveil, after years
of research and testing, a revolutionary breakthrough in cleaning
of water by a patented, chemical-free, green technology. The
WaterToken ICO represents the Genesis Research & Technology
Group process that relies on three patented and licensed
purification methods: ultrafiltration, coagulation, and ozone (O3)
generation. The oil and gas industry is all abuzz because this
proprietary highly advanced system is portable and can even clean
fracking water that is polluted during the oil extraction process.
Jeff Soward, Chief Technology
Officer of Genesis Research & Technology Group, states, "To
produce one barrel of oil can take up to 10 barrels of water; which
under the antiquated system used industrywide, toxic water is
trucked and dumped into a disposal site. The Genesis System cleans
the water at the actual drilling location and with green
chemical-free technology the water is reused over and over again at
one-tenth of the cost. This is a game changer."
Erin Brockovich, the famous
environmental advocate says, "I am an advocate for awareness, the
truth, and a person's right to know." The Genesis WaterToken solves
the serious issue of trust and verification of environmental
monitoring with the use of the blockchain. Furthermore, Genesis
Research & Technology Group will store the records of the
system to the blockchain so that frack water results are identified
in various parts of the world. The WaterToken.io white paper gives
a roadmap as to the system and how it plans to use the
cryptocurrency in expansion throughout the world. "Genesis Research
& Technology Group has produced a scalable system that will
work in conjunction with a secure IoT solution that is a win for
the blockchain," says Michael Lagow CAO of Genesis Research &
Technology Group. Tracking the environmental impact of fracking and
using the blockchain to protect this data from tampering enables
companies and regulators to create financially rewarding incentives
to encourage buyers to buy products that are more environmentally
friendly, and therefore encourage companies to restructure their
supply chains to meet the demand for such products. "I think the
environment should be put in the category of our national security.
Defense of our resources is just as important as defense abroad.
Otherwise, what is there to defend?" states Academy Award-winning
actor Robert Redford.
The WaterToken merges clean water technology with the
cryptocurrency and blockchain models. Darren McVean, CEO of MVP Asia Pacific states,
"MVP has developed the IoT and blockchain platform for Genesis
Research & Technology Group with an in-house electrical team
that has worked closely with the Genesis R&TG technology
department to test and simulate the extensive water readings from
the Genesis System." Once the data is entered into the public
blockchain, it stays there forever. "Legal document storage on the
blockchain could cut down on fraud and manipulation of the global
carbon credits scheme. It is estimated that currently $979,000,000 USD is spent annually to
administrate the global carbon credit scheme," states McVean.
Texas A&M University has also
tested the water samples so that a third-party could conclusively
back up the IoT for Genesis Research & Technology Group. As it
pertains to the oil and gas industry, raw frack flowback water was
injected into the Genesis System with amazing results. Total
petroleum hydrocarbons were reduced by 99 percent, while metals,
aluminum, antimony, arsenic, and selenium were reduced below
detection limits.
Bounty programs are used in most ICOs but, because of the IoT
and vast Genesis Research & Technology Group resources, the
WaterToken is offering a staggering $12,500,000 USD equivalent in bounty rewards for
marketing. "The WaterToken is an investment-grade ICO and because
of that and its 'green footprint' we felt that everyone should be
rewarded," says Ron Price, CEO of
Genesis Research & Technology Group. Digital marketers,
journalists, bloggers, and even the general public can participate
and share in the rewards from one of the largest ICOs ever to land
on the blockchain.
About Genesis Research and Technology Group: Genesis
Research and Technology Group is a U.S.-based company that has
developed a patented, state-of-the-art technology that provides
clean reusable water for the world's population. The Company
exploits its CHEMICAL-FREE technology as its efforts are being
recognized by several leading government agencies developing and
implementing Green technologies to protect and preserve our Earth's
resources.
Genesis Research and Technology Group provides custom built
state-of-the-art water treatment technologies for all types of
water. Years of research and development go into perfecting this
technology that allows Genesis to offer its clients a sole source,
reusable water filtering and cleansing technology that is totally
chemical-free.
For more information: watertoken.io/genesis
Media Contact:
Patricia
Almand
Phone: 855-8100UMG
Email: patricia@umgad.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/genesis-research--technology-group-cleans-the-world-with-the-watertoken-300540884.html
SOURCE Genesis Research & Technology Group