Jeddah, Saudi Arabia – MyFuel.com, a new platform at the intersection of energy and blockchain, is set to redefine fuel transactions. This innovative project, spearheaded by Fahed Quttainah, a prominent advocate of blockchain and cryptocurrency, is a collaboration with the Energy Efficiency Center in Saudi Arabia. Together, they aim to transform the way fuel contracts are managed and executed, leveraging blockchain technology for transparency, automation, and security.
Simplifying Fuel Transactions with Smart Contracts
At the core of MyFuel is the use of smart contracts—automated digital agreements that trigger when pre-set conditions, such as fuel prices or delivery dates, are met. This eliminates the need for intermediaries and ensures secure, efficient transactions between buyers and sellers. Every contract is recorded on an immutable blockchain ledger, providing peace of mind to all parties involved.
“We’re modernizing fuel transactions, starting right here in Saudi Arabia, one of the world’s energy powerhouses,” says Fahed Quttainah. “With MyFuel, we’re creating a secure, transparent environment that eliminates inefficiencies and speeds up fuel trading.”
A Visionary Collaboration
This partnership between Fahed Quttainah and the Energy Efficiency Center focuses on using blockchain to streamline fuel trading, benefiting companies, traders, and consumers alike. By automating fuel agreements, the platform also offers tools for carbon offsetting and renewable energy credits, supporting global sustainability goals.
About MyFuel.com
MyFuel is a cutting-edge platform for fuel management, utilizing blockchain to automate contracts and ensure secure transactions. It aligns with Saudi Vision 2030, driving digital transformation and economic diversification in the energy sector.
For more details, contact:
MyFuelFahed Quttainah
Media Contact
Company Name: MyFuel
Contact Person: Fahed Quttainah
Email: Send Email
Country: Saudi Arabia
Website: https://myfuel.com
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To view the original version on ABNewswire visit: Blockchain Meets Fuel: Fahed Quttainah and Saudi’s Energy Efficiency Center Launch MyFuel.com