Can the blockchain help bring us cheap electricity?


Meet the company that won a challenge backed by Richard Branson, as it aims to reduce the cost of electricity …

by Manoj Sharma for CNR

The Australian energy trading platform based on blockchain, Power Ledger, has set a hellish goal: to supply economic peer-to-peer electricity to everyone. Recently, the company won the Sir Richard Branson Extreme Tech Challenge in Necker Island.

Power Ledger president and co-founder Dr. Jemma Green outlined plans for a new regulated security token as part of its ambitions and shared the company's successful mantra.

"Success is where hard work and opportunity come together, Branson standing up and announcing, he and the other judges have chosen Power Ledger is a recognition and also a responsibility.We will work with us now and feel more inspired than ever to carry our mission, "said Green.

Branson has been active in the crypto community, known to be interested in two topics, climate change and Blockchain. Power Ledger works on both.

Green added that winning the Branson challenge "has already had a visible impact in terms of the customers we were talking to earlier who were curious about us but did not move quickly, they are coming back to us, saying" let's do a project. Branson offered to introduce us some companies and organizations working in the Caribbean, including energy networks. We are following him now ".

Currently, Power Ledger is focused on various projects in three main categories: energy exchanges, financing and carbon markets. The company is also working on a project in collaboration with the Thai government which provides for peer-to-peer business.

His POWR token managed to extract $ 62.7 million in market capitalization. The company has also launched a new token, Asset Germination Events, with the aim of using "cryptocurrency and blockchain projects to provide new sources of capital for the financing of energy projects". The AGE will allow each individual investing in the project to be the owner of the part of the energy resources.

[ad_2]Source link