What's Going On With Hunter Technology
Hunter Technology (HOLIF) announced today a new platform module named Deal Actions, the latest addition to Hunter's core product OilEx, a digital marketplace for global oil transactions. Shares of the company were trading 4.16% higher to $0.28 a share on Thursday.
What Does This Mean For Hunter Technology?
Deal Actions allows buyers and sellers of commodities to engage in a transaction negotiation using a private and secure communication channel, eliminating the need for aging modes of connection such as telephone and email. This change will allow trade parties to instantly connect, negotiate terms, and proceed to close a deal in one singular view.
The module offers possible negotiation pathways and the commercial logic of a transaction, based on market best practice and tradition in commodities trading. The module is designed to mimic the commercial logic of a transaction in a straightforward way while enabling a sophisticated negotiation processes.
All confirmed actions between transaction parties based on Deal Actions will be recorded and digitally stored in a distributed ledger system that uses the smart contract language DAML developed by Digital Asset.
Hunter Technology Corp. focuses on the development, operation, and management of digital platforms for energy resources in Canada.
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Hunter Technology is a technology company, dedicated to providing a physical oil trading platform powered by a proprietary blockchain to enable independent crude oil producers to access a global market for the marketing and sale of their production; allowing buyers to access production that would otherwise be inaccessible or uneconomic to acquire or trade.
