Total
0
Shares
blockchain - The Market Herald Canada
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Hunter Technology is introducing live market testing to oil trading veterans, industry experts, independent producers, purchasers and brokers
  • The limited release of the OilEx platform includes five core functions of the platform
  • Live testing will enable the company to generate critical insights into user needs and industry requirements
  • The company is working toward the private beta release of the OilEx platform by mid-year
  • Hunter Technology Corp. (HOC) opened trading at C$1.01 per share

Hunter Technology's OilEx platform is now live for market testing.

Prior to initiating live pilot transactions for selected hydrocarbon producers and purchasers, targeted for the end of Q2 2021, Hunter Technology is introducing live market testing with senior advisers and prospective users.

Testing will be open to oil trading veterans, industry experts, independent producers, purchasers and brokers.

The limited release of the OilEx platform includes five core functions:

  • purchaser and producer profiles 
  • listing of transaction offers by purchasers or independent producers
  • interactive map enabling a visual representation of market data
  • end-to-end encrypted communication channel between prospective purchasers and sellers 
  • document exchange and storage  

Testing will be conducted using simulated data, including crude oil type, assay, output capacity, price index and other key variables, and will be coupled with search and sorting functions.

Deal terms and live chat communications will be interfaced side-by-side with executed documents for accurate and timely transaction context.

Deployed as an application in a cloud environment, this product version will be refined by industry critique and analyses.

The live testing process will enable the company to generate critical insights into user needs and industry requirements on a transaction-specific level, building on the company's market research and network of industry experience.

The testing and subsequent feedback are critical steps to ensure product-market-fit, reduce delivery risk, and deliver the highest possible value add to users.

By conducting live testing with market participants, Hunter Technology will be able to ensure a better product-market fit and expand the network of potential clients and users.

The limited release OilEx platform has gone live ahead of schedule and the testing will further accelerate time to market for the full platform launch.

"Bringing a product live and into the hands of real users is a critical milestone for any digital solutions company. It is superb to see our team reaching this point in such a short time, delivering for live testing a complete and robust system with significant growth potential," said Florian M Spiegl, Hunter's Chief Executive Officer.

On completion of the live testing, the Hunter product and technology teams will continue agile development of the OilEx platform, working toward the private beta release by mid-year and targeting initial revenue generation.

Hunter Technology Corp. is a technology company that provides an oil trading platform powered by a proprietary blockchain.

Hunter Technology Corp. (HOC) opened trading at C$1.01 per share.

More From The Market Herald
VitalHub - President and CEO, Dan Matlow - The Market Herald Canada

" VitalHub (TSXV:VHI) to commence trading on the TSX

VitalHub (VHI) begins trading on the Toronto Stock Exchange on September 23, 2021.
Graph (CSE:GBLC) subsidiary New World signs Elias Theodorou to create NFTs

" Graph (CSE:GBLC) subsidiary New World signs Elias Theodorou to create NFTs

Graph Blockchain (GBLC) subsidiary New World has signed Middleweight Mixed Martial Arts fighter Elias Theodorou to create NFTs.
mobile gambling app - The Market Herald Canada

" Nuvei (TSX:NVEI) & 888 Holdings partner to power newly launched online sports betting and iGaming operation

Nuvei (NVEI) has partnered with 888 Holdings to provide its payment solution to Sports Illustrated’s online sports betting and iGaming venture.
Draganfly (CSE:DPRO) selected as exclusive manufacturer for Valqari Drone Delivery Stations

" Draganfly (CSE:DPRO) selected as exclusive manufacturer for Valqari Drone Delivery Stations

Draganfly (DPRO) has entered into an exclusive manufacturing agreement with Valqari LLC to produce Valqari’s Drone Delivery Stations.