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Scott Henry

CEO Ziyen Energy

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CEO Ziyen Energy | Scott Henry

Overview And Experience

Time flies when you’re having fun, and it’s now over 20 years since I was involved in KA Promotions. I was involved in the music industry back in Aberdeen in Scotland. We were involved in organizing a number of music events under the brand name ‘kia-aura’, and for a while ran a record label with the highlight being organizing a party sponsored by Smirnoff at the Winter Music Festival in Miami.

Later on in Aberdeen, the Oil and Gas Capital of Europe, I got the opportunity to join an independent energy company who manufactured power cables and other industrial electrical equipment for oil rigs and power plants.

Mike Knox, was the CEO of the company, and he became my first real mentor. I spent 7 years working for Mike and he sent me all over the world including trips across Europe, Middle East and the US. Mike then started a software company providing information on the oil, gas, power and energy sectors, and I was promoted to the director running that division of his company. 

Unfortunately, Mike is no longer with us today, but it was Mike then spent 3 years working for a consultancy company contracted to the British Government. Unfortunately, not alongside James Bond in the 007 Division but in Public Procurement which is probably the opposite in terms of excitement, but it provided me with an understanding of how the government operates and the public tendering process which again was a good learning experience. When I came to the US, I set up Ziyen Energy which was originally an oil software company, but we diversified to owning interests in various oil assets throughout the United States. In 2019, ZYEN was established by Ziyen Energy in collaboration with leading blockchain, data analysis, systems, tokenization, regulatory and trading specialists to develop the ZYEN Energy Asset Trading Platform. 

The ZIYEN Energy Asset Trading Platform provides a means for tokenizing ownership interests in energy producing assets using permission-based blockchain technology, and thereby creating a liquid market for previously illiquid assets. Users of the ZYEN platform will include investors in energy producing assets and operators raising capital to develop renewable and carbon-based energy projects.

With climate change concerns growing, the global economy has been making an increasing effort to turn away from greenhouse gas-emitting fossil fuels and toward clean, renewable energy sources. Ziyen Energy was developed to provide an
agnostic approach to the transition in Energy.

Initially we were planning to use renewable energy sources to offset operational oil production electricity costs an duce the CO2 emissions of oil production. But with the introduction of the blockchain we realized rather than do this on small scale we could utilize the blockchain as the catalyst in providing a transformation of the global energy sector from fossil-based to zero-carbon before the second half of this century.

Right now, if you want to invest in renewable energy, you can invest in companies such as Tesla, or switch to driving an electric car, but there are limited retail investment opportunities to invest in the renewable energy source itself, in the same way you can invest in oil producing assets as discussed above.

Governments have played a significant role in helping narrow the gap between fossil fuels and renewables by providing subsidies that incentivize investment in wind and solar projects, but how can your average person be involved in investing in these opportunities.

Our ZYEN Platform has our first Solar Token and Wind Token targeted for creation by Q4 of 2020, where we will have both oil and gas projects tokenized, alongside renewable energy projects for the first time in history. Essentially, we will unlock the liquidity in oil projects, and provide investors with distributions from oil production through the ZYEN platform, where they can invest this directly in renewable energy projects through tokenization.

When I was growing up I really enjoyed long distance running, and I have started back running again. The personality traits of endurance athletes, particularly runners is the ability to focus on, and commit to a long-term goal.

In the past I ran half-marathons (with the goal to run a full marathon) and putting in a training plan is not unlike a duce the CO2 emissions of oil production. But with the introduction of the blockchain we realized rather than do this on small scale we could utilize the blockchain as the catalyst in providing a transformation of the global energy sector from fossil-based to zero-carbon before the second half of this century. 

Right now, if you want to invest in renewable energy, you can invest in companies such as Tesla, or switch to driving an electric car, but there are limited retail investment opportunities to invest in the renewable energy source itself, in the same way you can invest in oil producing assets as discussed above. 

Governments have played a significant role in helping narrow the gap between fossil fuels and renewables by providing subsidies that incentivize investment in wind and solar projects, but how can your average person be involved in investing in these opportunities. Our ZYEN Platform has our first Solar Token and Wind Token targeted for creation by Q4 of 2020, where we will have both oil and gas  rojects tokenized, alongside renewable energy projects for the first time in history.

Essentially, we will unlock the liquidity in oil projects, and provide investors with distributions from oil production through the ZYEN platform, where they can invest this directly in renewable energy projects through tokenization.

Ziyen Energy CEO | Scott Henry

Jack Welch, CEO of General Electric, once said “An organization’s ability to learn, and translate that learning into action rapidly is the ultimate competitive advantage.” 

 

I think that is a great quote to live by in any company.  It should never stop.  We have just appointed David Greenberg as Chairman of our company.  David has more than 30-years of experience in private investments, commodities trading, and global markets. He is currently the chairman of Greenberg Capital, LLC. and before that, served three terms on the New York Mercantile Exchange (NYMEX) Board and the Executive Board, where he assisted in overseeing the growth in valuation of the exchange from $800 million to $12 billion and it was actually one of the most successful public offerings (IPOs) in the U.S. 

 

See what David brings to the company is experience, that is something you can’t buy, and, in every meeting, I have with him, I basically learn something new every day.

When Ziyen Energy launched ZiyenCoin, the first Oil & Energy Security Token Offering (STO) in the United States.  I was advised that no energy operator would ever accept ZiyenCoin rather than US Dollar as payment. 

No one really knew exactly what ZiyenCoin was, but this is all starting to change. 

ZiyenCoins are not a cryptocurrency.  Essentially the equity of Ziyen Energy has been tokenized and issued as ZiyenCoin which is offered for sale as a Security Token pursuant to SEC Rule 506(c) of Regulation D.

 

Our goal is to expand it from 2 energy operators to over 20 operators using ZiyenCoin and tokenizing energy producing assets on the blockchain before the end of 2020. 

Each organization’s success is measured differently.  For us it is about disrupting the energy industry through asset tokenization on the blockchain.  Prior to ZYEN, direct investment in all energy producing assets on a global basis has been affected exclusively through negotiated private transactions. Moreover, the legal mechanism by which interests are conveyed has necessitated antiquated filings in local land registries.  As a result of these severe limitations (private negotiated transactions and antiquated land registry), global retail and institutional investors who are not energy industry participants have had surprisingly limited access to this asset class and holders of non-controlling interests in energy producing assets have limited opportunities to sell interests prior to a sale of the entire asset by a controlling holder.

The current state of affairs has remained unchanged for over 100 years, resulting in a persistent lack of liquidity for current investors and a lack of opportunity for prospective investors.   

The ZYEN platform has been developed to address the inherent problems facing the energy industry with the goals of democratizing energy investment opportunities, creating liquidity for illiquid energy investments, and facilitating better access to capital for developing energy projects. 

Our company is about to disrupt the capital structure of energy producing assets. The problems with energy producing assets is the difficulty to buy and sell fractional interests. Non-industry investors have limited access to these investments and holders of non-controlling interests have limited liquidity opportunities prior to the sale of the entire asset.

 

Our new ZYEN Energy Trading Platform operating on the blockchain will address all of these  problems through tokenization creating fractional energy assets ownership for the average person for the first time in history.

 

Initially the information about the oil and gas asset is captured on the ZYEN Platform.  The information is analyzed utilizing data analysis and artificial intelligence. This information is recorded on a permissioned blockchain.

 

The equity ownership of each oil producing asset is converted into a Special Purpose Vehicle (SPV).  It is the SPV which is tokenized and securities are issued, and backed by the distributions generated by the underlying oil producing asset. 

 

The SPV will provide the token holders with financial statements, tax reporting and cash distributions based on the production by the oil asset and the amount of tokens each investor has. Tokens will be available for trading on an Alternative Trading System (ATS) which is regulated by the SEC. The result is an end-to-end system which facilitates the purchase and sale of direct interests in energy producing assets via token transfer which complies with US Securities and Banking Laws.

Our company is about to disrupt the capital structure of energy producing assets. The problems with energy producing assets is the difficulty to buy and sell fractional interests. Non-industry investors have limited access to these investments and holders of non-controlling interests have limited liquidity opportunities prior to the sale of the entire asset.

 

Our new ZYEN Energy Trading Platform operating on the blockchain will address all of these  problems through tokenization creating fractional energy assets ownership for the average person for the first time in history.

 

Initially the information about the oil and gas asset is captured on the ZYEN Platform.  The information is analyzed utilizing data analysis and artificial intelligence. This information is recorded on a permissioned blockchain.

 

The equity ownership of each oil producing asset is converted into a Special Purpose Vehicle (SPV).  It is the SPV which is tokenized and securities are issued, and backed by the distributions generated by the underlying oil producing asset. 

 

The SPV will provide the token holders with financial statements, tax reporting and cash distributions based on the production by the oil asset and the amount of tokens each investor has. Tokens will be available for trading on an Alternative Trading System (ATS) which is regulated by the SEC. The result is an end-to-end system which facilitates the purchase and sale of direct interests in energy producing assets via token transfer which complies with US Securities and Banking Laws.

We just announced Ziyen Energy has acquired a fourth acquisition in exchange for ZiyenCoin. This time acquiring a 2% Non-Operated Royalty Interest of a Pipeline and Shale Gas Development Project to be operated by Titan Pipeline in the New Albany Region of Western Kentucky.

The Initial 10-well program will be developed on 2 leased properties, first lease 1450 acres and the second lease 550 acres.  On successful completion of phase one of the project, Titan Pipeline has secured access to the acquisition of a further 10,000 acres on adjacent acreage for expansion to a 50-well project.

This is another milestone for the company, and it is our biggest project to date. This project will increase the value of ZiyenCoin, and we are now moving into a model of acquiring more non-op interests in multiple projects.

Before the end of the year we are targeting another 20 energy projects, with at least two being wind farms and solar farms.

Right now, there’s an entrepreneur who wants to be a CEO but is scared to death of taking chances, making excuses, saying, ‘It’s not the right time. I need to wait for an upturn in the markets.  I’ll wait and start next year.”

 

There’s no such thing as the perfect time. The perfect time is starting today and no matter what happens just continue with pure perseverance.

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