Powerledger (POWR) is a technology company bringing software to sustainable decentralized and distributed energy market. Company develops software to attain viability and sustainable future. Headquartered in Australia, blockchain-based cryptocurrency and energy trading platform allows users to purchase and sell renewable energy.
Powerledger helps track flexible services
Incredibly, firm introduced a solution to track and trade flexible services. Such services include energy and environmental commodities. Powerledger aims a platform for a market-driven, thoroughly modernized grid. The firm offers consumers a choice in their energy while driving the democratization of power.
How does blockchain helps revolutionize the energy sector?
Blockchain tech processes information. Powerledger believes, world seeks a more efficient system to encourage energy and when and where it is required. Many wanted to scale renewables without headaches visible in places where it’s being scaled using centralized planning and fading tariffs.
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Trade energy future electricity market disruption power ledger trade environmental commodities.
Hence, firm integrated blockchain technology to boost Sustainables, keeping energy costs down and having a low carbon and stable system.
Instability with a centralized system
We can observe places like Germany, where there’s high penetration of renewables, centralized planning around the scenario is unstable.
Powerledger platform solar residential producers clients developed.
Such places require more energy from coal and gas to offer and supplement system. Ultimately, such measures don’t do well on carbon side, despite having over 50% sustainability in system.
Sustainable and cheaper energy solutions
ERC-20 based tokens are one such currency traded through Ethereum Smart Bond Exchange. The renewable power platform can combine blockchain tech with renewable power to offer energy solutions that are more sustainable and cheaper when compared to traditional energy alternatives.
Operating system new energy markets dr jemma green renewable energy asset owners.
Renewable energy trading marketplace
POWR, Powerledger’s indigenous token, has numerous purposes. Token allows clients to participate in Power ledger’s ecosystem. Moreover, token helps various secure products, including verification, energy trading, and clean energy tracking.
POWR acts as a license, that businesses like microgrids, utilities, renewable power operators, property developers, and other firms entirely committed to renewable power for platform accessibility needs.
Two blockchains
Powerledger is operated on two layers of blockchain technology. It is noteworthy that, platform uses second most popular public blockchain of Ethereum and a private consortium blockchain called EcoChain.
Two Tokens
It also utilizes couple of tokens, two tokens include POWR and Sparkz. POWR is ERC-20 utility based on Ethereum, accessible on various crypto exchanges. Sparkz is produced by interchanging fiat currency.
Why is the energy markets operator so special?
Power ledger offers Vision, xGrid, uGrid, PPA Exchange, TraceX, Local Energy Markets (LEM), Power Purchase Agreements Vision, and Mode Flex. Additionally, platform is easily contracted separately and scaled whenever required. Products offered by platform are divided into three pillars: flexibility trading, environmental commodities trading, Energy trading, and traceability.