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Renewable Energy Startups Harnessing the Blockchain Technology
The blockchain is surging in popularity, however, in a climate change concerned world. Read below to discover pioneering renewable energy startups harnessing the blockchain technology!
Published on March 20, 2021
Renewable Energy Startups Harnessing the Blockchain Technology
Learn about these pioneering renewable energy startups utilizing blockchain technology.
The blockchain is surging in popularity, however, in a climate change concerned world, I cannot help but wonder how will this technology shape our future. The blockchain technology is essentially a system where a “chain” or list of transactions (in bitcoin or any other cryptocurrency) are stored and maintained across several computers which are linked in a peer-to-peer network. Below you can find three green startups that are using the blockchain technology for a greener and a more sustainable future.
Sun Exchange is based in South Africa and happens to be the first peer-to-peer solar leasing platform
Sun Exchange is based in South Africa and happens to be the first peer-to-peer solar leasing platform. The Sun Exchange platform allows anyone to own and invest in solar energy cells installed in optimum location in South Africa and offers the ability for these investors to lease these cells to businesses and organizations. The platform allows payments through bitcoin and utilizes the blockchain technology within their system to facilitate the administrative processes. Explore Sun Exchange
Power ledger is a company from Australia that utilizes blockchain to facilitate electricity and environmental commodity trading as stated by the startup’s official website. The startup already has 27 clients from 8 different countries and is continuously growing. Powerledge allows its customers to buy and sell their surplus energy through a decentralized cryptocurrency. It also provides a software to monitor and manage these assets. Explore Power Ledger
Lightency is also another rising green startup from France. Lightency utilizes blockchain to create a peer-to-peer network where users can buy, sell, and invest in electricity locally. The decentralized network ensures that all participants are equal and electricity is affordable for all. Explore Lightency
What's next ?
The blockchain technology opens up many possibilities and it is encouraging to see sustainable and green startups take up the opportunity to explore and discover new ways for a greener and more sustainably designed and energy-sourced future.
The three companies listed previously are just a glimpse of what is possible with the use of blockchain technology as we get to discover and unleash its potential in various industries.
Interested in Eco-friendly crypto coin alternatives ? Learn more here.
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