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  • Hunter Technology (HOC) introduces a new OilEx platform module called “Deal Actions”
  • The Deal Actions module allows buyers and sellers of commodities to engage in secure transaction negotiations
  • The Deal Action module integrates advanced functionality, including an interactive panel of deal-specific actions to simplify and help structure the negotiation
  • All confirmed actions between transaction parties based on Deal Actions will be recorded and stored securely in a distributed ledger system
  • Hunter Technology is a technology company that develops interactive software platforms powered by blockchain technology
  • Hunter Technology Corp. (HOC) opened trading at C$0.325 per share

Hunter Technology (HOC) is introducing a new OilEx platform module called “Deal Actions”.

The Deal Actions module allows buyers and sellers of commodities to engage in a transaction negotiation using a private and secure communication channel enriched with specific negotiation actions. The module allows trade parties to instantly connect, negotiate terms, and proceed to close a deal in one singular view.

The Deal Action module integrates advanced functionality, including an interactive panel of deal-specific actions to simplify and help structure the negotiation of terms by offering a semi-automated process. Actions and chat are complemented by a deal status summary to keep sellers, traders and buyers informed of the transaction progress in real-time.

The Deal Actions module offers possible negotiation pathways and the commercial logic of a transaction, based on market best practices and tradition in commodities trading. Each action represents a possible step in trade negotiation and settlement, providing structure for a deal. Business context is taken into account, as well as the responsibilities of each of the trading parties. Additionally, actions adapt to the type of product, deal terms, and other elements such as available trade financing. The features are designed to be straightforward to use while enabling sophisticated negotiation processes.

All confirmed actions between transaction parties based on Deal Actions will be recorded and stored securely in a distributed ledger system utilizing the smart contract language DAML developed by leading distributed ledger company Digital Asset. This enables both an immutable audit trail as well as the development of smart contracts replacing paper contracts and less secure and legally enforceable modes of agreement such as email exchange.

Hunter Technology is a technology company that develops interactive software platforms powered by blockchain technology that digitalize and streamline physical oil trading throughout the transaction lifecycle.

Hunter Technology Corp. (HOC) opened trading at C$0.325 per share.

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