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
SOURCE Genesis Research & Technology Group
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