Ziyen Inc. launches world's first SEC compliant oil and energy cryptocurrency

By Kirsty Whyte, OGV Energy

Technology-driven, energy company Ziyen Inc. was incorporated in the State of Wyoming, U.S.A. in April 2016. Ziyen Inc. was originally a software company which provided information on the Oil, Gas, power and energy sectors, Ziyen Intel specialises on business information, contracts, news and information by developing cutting edge procurement and supply chain software to provide clients with intelligence on industry specific government and private contracts. Seeing a unique opportunity, the company strategically pivoted and created an oil and energy company by securing the first oil asset in 2017.

ZiyenCoin is a new division created by Ziyen Inc., which will focus on oil blockchain and will be in collaboration with leading industry professionals to develop technology that will greatly reduce oil and energy operational costs.

ZiyenCoin aims to transform the oil and energy industry by solving long-standing inefficiencies within the global energy sector by introducing blockchain technology and an equity backed digital token which will create liquidity in a historically anachronistic industry.

Given the data-intensive opportunities available through the growth of the internet, the oil industry sees blockchain as vital means to transform the ways the industry manages and shares data. The company has launched an energy trading platform to tokenise the producing assets of oil and energy companies which will allow investors to easily trade these tokens creating a new level liquidity to be introduced across the industry.

ZiyenCoin will be an SEC regulated digital energy currency that will operate directly with the blockchain, allowing all transactions to happen immediately, more securely and avoiding banking and currency transactions fees across anywhere in the globe.

ZiyenCoin is the first Oil & Energy Security Token Offering (STO) to be filed with the U.S. Securities and Exchange Commission (SEC), and is filed under the same regulation, as JPM Morgan's, JPM Coin, 506c Security Token Offering.

ZiyenCoin is being developed as an energy trading token to integrate seamlessly into the blockchain and will be supported by an energy trading platform. Ziyen Inc. is positioned to tokenise energy assets deployed on Ethereum Blockchain.

The company is now capable of accepting Bitcoin and Ethereum Cryptocurrencies as payment for ZiyenCoin.

A key interest in Ziyen is to use a percentage of the proceeds raised in this offering, to further develop the tokenisation of the energy trading platform and implement carbon reduction protocol. This is to incentivise the major energy companies to produce energy by reducing carbon emissions and receiving credits for this effort. Ziyen Energy Trading Platform will serve as a solution to climate change by serving as a universal carbon credit.