Greeneum says it has created the world’s first blockchain-powered sustainable, scalable, and secure energy and data trading platform, which it believes is the first major step toward ending a global reliance on toxic and non-renewable energy sources including fossil fuels. To protect contributors and bring greater transparency to these projects, the Greeneum platform is built on the ethereum blockchain. Agreements are held on this distributed ledger, which helps to ensure that terms are secure and visible at all times.
Greeneum’s platform is a first-of-its-kind marketplace and energy production management system. It enables contributors from around the world to invest in green energy projects including wind, solar, and hydropower; while concurrently creating production efficiencies during demand fluctuations. Pilot projects currently underway include a grid operator in Cyprus and a micro-grid in Israel, and more are set to be announced throughout the course of 2018.
“Greeneum’s first in kind platform enables people and companies to make contributions to green energy products around the world,” said Greeneum Founder Assaf Ben-Or. “Our goal is to foster increased use of renewable energy sources and reduce the carbon emissions that are contributing to climate change.”
The GREEN Token is central to Greeneum’s innovation story, and contributors can access it during a token pre-sale that started April 22nd, 2018. Qualified individuals will be able to start contributing to a wide variety of projects later this year.
Greeneum’s innovative approach to green energy production, distribution and consumption management is enabled through key innovations including:
- Crypto-based platform: Using an ERC-20 compliant token enables contributors to have one point of entry to contribute to projects around the world;
- Smart contracts: Enable efficiencies by disintermediating the various brokers and middlemen currently involved in these investments, and remove trust as a factor between counterparties;
- Distributed Energy Resource Management System (DERMS): Through the use of artificial intelligence and proprietary algorithms, Greeneum enables electricity producers to anticipate demand in advance and direct resources accordingly; enabling them to create reserves and reduce production costs.
“By enabling contributors to help fund these projects and track their contributions, Greeneum is bringing a level of transparency to these projects not previously seen,” Ben-Or continued. “And empowering utilities to better anticipate and manage costs, we are hopeful that these increased efficiencies will enable contributors to have an even greater impact on the projects they choose to participate in.”
Greeneum also has a strong advisory board and corporate partners including IBM, d10e, Etherlabs Chain Dynamics, SolarChange, CoinAgenda and more.
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