Greeneum (www.greeneum.net) today announced the
upcoming launch of its blockchain-based platform, Greeneum Network. Greeneum
leverages blockchain, smart contracts, targeted artificial intelligence
(AI) and machine learning technologies to redefine renewable energy systems
globally. The platform enables decentralized peer-to-peer trading, providing
analytics and predictive insights on the energy lifecycle, and incentivizing
the production and consumption of energy from renewable sources. It is
developed by the team behind the first ever renewable energy currency,
SolarCoin.
The Greeneum Network pools together energy producers,
utilities, grid operators, energy traders, and consumers onto one platform to
allow users to trade energy and data directly with one another. Greeneum
targeted AI is capable of identifying, validating and predicting the production
of renewable energy resources globally to enable and track increased
efficiency, while encouraging, validating, and rewarding the generation and use
of renewable energy. Greeneum users can monitor real-time energy usage, and use
the data to create more accurate predictions and optimization recommendations.
Energy systems worldwide are notoriously outdated and
inefficient. Many are plagued by the challenges of transitioning to low-carbon
sources, poor grid reliability and the lack of transparency between incumbent
politicians. In California, for example, growing solar generation has
occasionally driven power prices extremely low. Yet, consumers in Californiacontinue
paying some of the highest electrical bills in the United States.
Greeneum addresses those challenges by implementing a dual
system: first, the network uses blockchain technology to secure, track, and
manage billions of energy trades. Utilities and energy providers can use the
network's smart contracts to customize the data insights they collect. For
example, a utility with branches across the country may request to receive data
only from one specific location. Second, the network uses artificial
intelligence and machine learning to further validate energy data flowing into
the network to generate forecasts. Greeneum Network users can reap this data
for insights.
The network will produce utility ERC20 token
called GREEN to incentivize green energy production and also
to reward users for consuming green energy. A number of test nets and
pilots are running currently in Europe, Cyprus, Israel, Africaand
the US. Greeneum expects the project and platform MVP will be
completed by mid 2018.
"The Greeneum Network pairs the best functions in
blockchain technology with best practices in clean and sustainable energy at
scale," says Assaf Ben-Or, CEO and Founder of Greeneum.
"Our vision is for a smart, efficient, and sustainable global energy
ecosystem with clean power at its core."
Greeneum advisors include Michael Terpin, Transform Group
founder and CEO; Bryan Feinberg, CEO and Founder of Etheralabs and P2Primex; David
Drake, Chairman of LDJ Capital, a family office; Victoria Partners, a 300
family office network based in London; Stas Oskin, CTO at ChainLab
and core developer for the Wings Platform; Francois Sonnet, co-founder of
ElectriCChain & SolarCoin and SolarChange.
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