Incentivising Green Energy Production With The Help Of Blockchain

Incentivising Green Energy Production With The Help Of Blockchain

Startups
August 30, 2019 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 major step towards ending a global reliance on toxic and non-renewable energy sources including fossil fuels It uses distributed ledger technology to incentivise green energy production and usage.
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 major step towards ending a global reliance on toxic and non-renewable energy sources including fossil fuels

It uses distributed ledger technology to incentivise 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.

With an aim to help people use renewable energy and reduce carbon emission, Greeneum offers Decentralized Applications (DApps) as well as investment opportunities and incentives.

The CEO of Greeneum, Assaf Ben-Or is a 15-year veteran of technology, software, and biomedical engineering, data science, physics, electronics, solar energy, and primarily blockchain.

Having worked for SAP and with 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 in kind platform 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 production is the number one cause of climate change, yet over a quarter of the world’s population lives without access to electricity.

With Greeneum, stakeholders can reliably produce, trade and consume clean energy on a world-wide scale.

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) enables 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 first of its kind marketplace and energy production management system.  

It enables contributors from around the world to invest in green energy projects including solar, hydro and wind power; while concurrently 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 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 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 strong 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 the production, distribution, and consumption of clean and sustainable energy. New-age technologies including blockchain, smart contracts, and artificial intelligence help Greeneum in enabling the next generation of the trustworthy, transparent and global energy market.

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