Alastair Caithness, Ziyen Energy CEO, has been interviewed on Coin News Extra to discuss the tokenization of energy assets.
Nigeria is the largest and oldest oil producer in Africa. The oil and gas sector is one of the most important sectors in the country’s economy, accounting for more than 90% of the country’s exports and 80% of the Federal Government’s revenue as of 2019.
Nigeria has the largest oil and gas reserves in the African region, with around 37 billion barrels of oil and 5.4 trillion cubic meters (bcm) of gas. With a production of over 2 million barrels per day, which is approximately 25% of the total production in Africa, Nigeria continues to dominate African oil production.
Cryptocurrency is current illegal in Nigeria, but the type of Security Tokens that Ziyen Energy are involved in developing are legal. The Security and Exchange Commission of Nigeria on 14 September 2020 announced
‘Security Tokens are asset backed tokens which are regulated with similar functionalities similar to securities such as shares. They are used to represent underlying assets and even an ownership stake in the issuing entity.’
Alastair Caithness, Ziyen Energy CEO, stated,
“It was an honor to be featured on the leading Blockchain and Coin News Network in Nigeria. Our developments of blockchain tokenization in the energy space is now getting global appeal, and it is exciting to think that the Nigerian Oil Industry is interested in our financial model.
Ziyen Energy and our partners have created Energy Tokens a robust end-to-end solution to enable the efficient ownership and trading of direct interests in energy producing assets, including oil and gas, solar and wind. In so doing, we believe it will completely transform the mechanisms by which these valuable assets may be acquired, held and transferred.’
Learn More about Energy Tokenization Model
The Energy Tokens platform has been developed to address these inherent problems by democratizing energy investment opportunities, creating liquidity for illiquid energy investments, and facilitating better access to capital for energy development projects.
Our Tokenization Financial Model provides an overview of the process, with more details discussed in the podcast. We have developed a system where we can create Energy Tokens for other operators and investment funds in the energy sector.
If you operate an energy company and are interested to understand the technology, or would like to find out how to have your own token then please visit www.ziyen.com (or message me direct through LinkedIn)
Learn More – Financial White Paper
The groundbreaking work of Ziyen Energy and the development of ZiyenCoin, an asset backed blockchain energy token, has been the subject of an in-depth analysis by leading Professors and Researchers from Columbia University, University of Florida and University of Michigan. Alastair Caithness was also a co-author in the financial whitepaper;
‘Finance Infrastructure Through Blockchain-based Tokenization’
This has been published in Frontiers of Engineering Management Financial Journal, and is available to access through Springer – https://link.springer.com/article/10.1007/s42524-020-0140-2
This portal provides researchers with access to millions of scientific documents from journals, books and reference works, and Ziyen Energy’s groundbreaking work has the company now featured in Google Scholar.