Published On: Thu, Oct 26th, 2017

The Genesis System Wants to Record Cleaned Fracking Water on the Blockchain

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There are more than 900,000 active gas and oil wells in the United States, according to Drillinginfo. Unfortunately, recycling and cleaning the contaminated water has not been an option, with companies typically transporting the produced and flowback water in barrels to underground disposal well facilities.That is until now.U.S.-based Genesis Research & Technology Group has developed, tested and patented a new water purification technology system that can be utilized for multiple applications, including oil and gas, industrial, food and agriculture, humanitarian efforts, and emergency and disaster relief. And in partnership with blockchain development company MVP Asia Pacific Inc., …

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