🔴Problem

In recent years, the global landscape of gas prices has witnessed a notable surge, marked by volatility and upward trajectories. Factors such as geopolitical tensions, supply chain disruptions, fluctuating demand patterns, and economic uncertainties have contributed to the complexity of this phenomenon.

The traditional equilibrium of supply and demand dynamics has been challenged by geopolitical events, including conflicts and sanctions, which disrupt the flow of oil and gas resources. Moreover, shifts in consumer preferences, advancements in technology, and regulatory initiatives aimed at reducing carbon emissions have added layers of complexity to the pricing dynamics.

As a result, consumers, businesses, and policymakers alike are confronted with the multifaceted implications of escalating gas prices, ranging from increased operational costs to broader economic implications.

Crudo Protocol comes into play with a blockchain solution to a real world problem helping families and individuals with the surge of gas prices.