Technology has always changed markets in radical ways and there is never to be any stopping technology. Blockchain has underpinned crypto-currencies and despite their teething hurdles they will dominate the future. In fuels sales theft is to be mitigated by application built with such blockchain software
Pivotal to any provision of fuel on credit terms be it either 7, 14, 21 or 28 days will be the vetting of said retailers in SADC. The appropriate credit risk insurances will be put in place for small clients to the ultra-large. A very experienced credit controller used to such clientele stands ready to join the group.
Fuel will initially only be sold on a bulk wholesale basis until such time as the new software that processes the retail sales works flawlessly within a small pool of cards to be issued. Once this process has been vetted thoroughly a national rollout will be launched within a six month period in each province of South Africa.
Several co-operatives will be registered to cater for several clusters of clients who fit the same profile. Each Co-operative will require an annual paid membership to entitle its members to the benefits of the card that is tailored for each cluster. This means the benefits will not be open to the general public at large.
The application and the cards (physical or virtual) will continually be improved upon, to prevent client disappointment and any possibility of fraud in a world rife with identity theft, cloning and cyber criminality. Service providers may come and go but the main concept will always remain the same.
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Extensive use of these platforms will be exploited in full to gain market share. As has been stated before our group seeks to obtain and maintain up to 7% of the South African and the SADC market share in fuels sales being estimated at about US $300m annually. This modest figure is set to explode in Mozambique given its pending natural gas exports.