U.S.-based company Genesis Research and Technology Group has developed a technology to provides clean reusable water for the world’s population. The Genesis Research & Technology Group process relies on three patented and licensed purification methods: ultrafiltration, coagulation, and ozone generation. The system is portable and even has the ability to clean fracking water that is polluted during the oil extraction process. Its crowdfund of WaterToken is scheduled to release on the 25th of October and will operate in conjunction with IoT technology on the blockchain.
Jeff Soward, Chief Technology Officer of Genesis Research & Technology Group, stated: “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.”