Guild One presents at EnerCom’s The Oil & Gas Conference®

Guild One is a privately held technology company that has developed a blockchain platform for oil and gas industry transactions, called Energy Block Exchange (EBX). EBX is a blockchain business network for high speed transactions.

EBX is designed as a compatibility zone for the industry to share secure smart contracts, settle payments, and ensure rights and revenue completion. This application of smart contracts will eliminate disputes between counter-parties by securely and privately sharing key facts enabling near-instant contract settlement.

Breakout session at the EnerCom conference

During Guild One’s breakout session at the 2018 EnerCom conference, management was asked the following questions:

  • Can we get a little bit more detail about the smart contracts?
    • Am I right to assume that there is no collateral with proof of concept with ATB?
    • So the bank is the counterparty here, even though we’re developing a currency that doesn’t involve banks?
    • What about counterparty risk? How does the treasury work when capital is tied up in chips? How do you sell across these types of networks?
    • How would you move this business model forward without accounts at banks?
  • Who regulates blockchains with banks?
    • Is there participation from audit houses?
  • What’s the revenue model for your company? Is there a transaction fee? Off ramp, on ramp?
    • What relationship does revenue tolerate at 1% to your actual cost?
    • I’m not clear on what your burn rate is or when you break even.
    • What about competitors? You’ve secured a good space, a fairly unusual space, which is truly unique advantage based on what you’ve alluded to.
    • In the royalty space, you have a bit of blue water, right?
  • Do you know of any IP related to this?
  • I think you mentioned that you just completed a raise [with capital]. What kind of post money valuation did that produce?
    • So it’s not very diluted?
    • What would you spend money on going forward?
    • So your revenue forecast must be extremely high. Is that typical of smart contract firms at this point?
  • So as you look beyond your royalty, are you seeing other applications, like in commodity trading?
  • So you’re trying to merge Hollywood with energy? I don’t get it.
    • What’s going to happen to all the lawyers once you achieve this? You essentially just have counterparties that are agreeing to terms throughout the contract.
    • You want to go after the fraud with American health insurance too? This seems directly applicable to that issue.
  • Can you elaborate more about what you think the future role of the banks is in these transactions once you get it running?
  • How educated is your customer base? How much time are you spending on customer acquisition?
  • You mentioned some events in September. What’s going on with you guys?

You can listen to Guild One’spresentation here.

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