DALLAS, Oct. 14, 2017 /PRNewswire/ -- Water is the next 'gold' or 'oil' in the case of Genesis Research and Technology Group. The bitcoin has seen unparalleled results over the past year and Genesis Research and Technology Group will engage the cryptocurrency market and blockchain technology to reveal their chemical-free water treatment technology worldwide. The validity of the water tests in foreign markets has given Genesis R&TG a wide array of water treatment projects that ranged from fracking to humanitarian; in these situations, the water has been cleaned without using chemicals and reused. "The fact that water can be cleaned chemical-free and then used over and over again is a breakthrough the likes the world has never seen," remarks Jeff Soward, Chief Technology Officer of Genesis Research & Technology Group. The humanitarian angle has also been identified, tested, and proven in countries around the world. "Genesis Research and Technology Group's ability to clean and use water will enhance our ability to take care of parks in Texas and parks around the world! Parents will rejoice knowing that their children are playing in parks that use chemical-free water," said Marlon Rollins, Dallas Park Member.
The heavily publicized ITO (Initial Token Offering), Water Token will launch on Oct. 19, 2017, and revolutionize the way the world can keep its most precious resource. The blockchain model is a simple approach to cleaning water by incorporating the Water Token into cleaning barrels of water. The oil and gas industry has for years transported fracking water, which is contaminated with a complex variety of chemicals, and dumped it in discharge plants worldwide. "The use of fracking is not the issue, it is necessary; but the cost of toxic water and transportation of that water to disposal sites is a tremendous expense both for the companies and especially the environment," says Ron Price, CEO of Genesis Research and Technology Group. The Genesis R&TG patented technology system is a portable and scalable unit that resides on-site and treats the water which can then be reused for multiple purposes. Dr. Jean-Philippe Nicot, senior research scientist at the University of Texas at Austin states in FiscalNotes – Recycling Fracking Water, "Because of the potential toxicity to water-borne organisms, frack water cannot simply be disposed of in surface waters. There are chemicals, oil droplets, rock fragments, polymers and a bunch of gunk you need to get rid of."
The environmental impact of producing just one barrel of oil is enormous. Presently it takes four to ten barrels of water to produce one barrel of oil. The toxic water barrels are then taken to disposal wells where they are pumped back into the earth which can cause earthquakes and other seismic ruptures. "That soiled water contains a plethora of nasty chemicals and contaminants, including oil residue which 'lubricates' the earth's plates and can cause movement," says William Hood, Chief Marketing Officer of Genesis Research and Technology Group. Water is the next oil; and with the recent technology which will be unveiled on the blockchain Oct. 19, 2017, the solution is green and chemical-free for the earth's most precious resource.
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 and Technology Group