Incentivising Green Energy Production With The Help Of Blockchain

Incentivising Green Energy Production With The Help Of Blockchain

Startups
March 16, 2022 by Editor's Desk
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‘Go Green’ with the help of blockchain! Greeneum is the world’s first blockchain-powered sustainable, scalable, and secure energy and data trading platform. It is believed to be the first significant step towards ending a global reliance on toxic and non-renewable energy sources, including fossil fuels. It uses distributed ledger technology to incentivize green energy production and
Greeneum Green Blockchain

‘Go Green’ with the help of blockchain! Greeneum is the world’s first blockchain-powered sustainable, scalable, and secure energy and data trading platform. It is believed to be the first significant step towards ending a global reliance on toxic and non-renewable energy sources, including fossil fuels.

It uses distributed ledger technology to incentivize green energy production and usage. The blockchain platform on Greeneum enables P2P energy trading of green energy. Communities now have a P2P platform for use in developing renewable energy sources. This helps to share data easily between green energy stakeholders.

In short, Greeneum is the go-to place for individuals, communities, and energy companies interested in growing the green energy economy. To help people use renewable energy and reduce carbon emission, Greeneum offers Decentralized Applications (DApps) and investment opportunities and incentives. The CEO of Greeneum, Assaf Ben-Or, is a 15-year veteran of technology, software, biomedical engineering, data science, physics, electronics, solar energy, and primarily blockchain.

Having worked for SAP and IBM, his experience spans artificial intelligence (AI), machine learning, and scientific research. His mission for Greeneum is to build a global community of blockchain, data security, and renewable energy founders, thought leaders, industry experts, and other enthusiasts.

“Greeneum’s first “Greeneum’slatform enables people and companies to make contributions to green energy products around the world,” he said. “Our “goal is to “foster increased use of renewable energy sources and reduce the carbon emissions that are contributing to climate change.”

Energy product”ion is the number one cause of climate change, yet over a quarter of the world’s population is without access to electricity. With Greeneum, stakeholders can reliably produce, trade, and consume clean energy worldwide. It supports eco-conscious living and business — the greener you go, the greener the reward.

Greeneum even solves the challenges of transitioning from central production and distribution to regional and local communities through an integrated proprietary and secure solution. Its tested and validated software-as-a-service (SaaS), application programming interfaces (APIs), and secure internet of things (IoT) enable management, smart predictions, optimization, and value trading for new and existing energy market stakeholders. 

Using real-time machine learning and advanced multiple validations, Greeneum monitors and rewards the reduction of the carbon footprint throughout the macro and micro-network. Greeneum provides end-to-end solutions for energy challenges and fosters social impact. Greeneum’s platform is a fGreeneum’ss-kind marketplace and energy production management system.  It enables contributors worldwide to invest in green energy projects, including solar, hydro, and wind power while creating production efficiencies during demand fluctuations. 

“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 said. “And empowering utilities to anticipate better 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 was founded by a team of dedicated experts with experience across a wide variety of solar and renewable energy projects and start-ups. It also has a robust advisory board and corporate partners, including IBM, d10e, Etherlabs Chain Dynamics, SolarChange, CoinAgenda, and more.

It is a global, decentralized network that aims to encourage clean and sustainable energy production, distribution, and consumption. New-age technologies including blockchain, smart contracts, and artificial intelligence help Greeneum enable the next generation of the trustworthy, transparent, and global energy market.

What is Greeneum Blockchain technology doing now? 

To stay up with the ever-changing standards in this field, Greeneum is constantly developing and updating both its hardware and software features in blockchain technology.

Greeneum has worked with a few global partners, including start-up accelerators and international brands, since its inception. Many energy companies worldwide have joined Greeneum’s affiliate program and play an essential role in the network. The affiliate program enables energy firms to identify commercial possibilities and partner with customers and other stakeholders throughout the network. These collaborations are critical for expanding the scope of the organization’s outreach and for network decentralization and long-term governance.

The case studies are based on real-life situations. Greeneum has created a microgrid in Israel and another in Cyprus, which has assisted it in integrating and distributing green energy to adjacent farms, enterprises, and residences and allowing it to optimize the solution for future worldwide market partners. According to Assaf, Greeneum will use its affiliate program to supercharge these alliances and build out its solutions for decentralized energy grids.

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