QTUM is Now Partnering With The Largest Energy Producer in the Philippines

QTUM Partnered with the Largest Energy Manufacturer. Philippines clean energy producer, Energo Foundation Pte Ltd recently adopted QTUM blockchain platform. The move comes after the clean energy company signed a cooperation agreement with the country's largest clean energy maker, First Gen on a current microchid blockchain project. First Gen also worked with De La Salle University in Manila, Philippines in co-hosted 'blockchain + new energy workshop.

This is quite interesting for Qtum Foundation and larger Qtum blockchain. The microgrid blockchain project will integrate and utilize the fully self-contained Qtum mainnet. At the same time, this is the first energy blockchain microgrid project that will utilize Qtum blockchain. Therefore, it is expected to be revolutionary for cryptocurrency companies as well as opening the door to future adoption in the energy industry and other industries as well.

As a result, QTUM blockchain will be at the center of the project, using a decentralized system to design measurements, registrations, transactions. In addition to finishing clean energy in the local microgrid. Energo, on the other hand, is fully prepared for this exciting project; the first of its kind to be developed on Qtum blockchain. It relies on a number of partnerships: Clean Energy Access Network (India's largest decentralized energy organization), Power for All, and Alliance for Rural Electrification.

CEO of Energo Lab Foundation, Kaikai Yang while referring to the project said:

"Through the integration of decentralized blockchain with solar cells, energy storage, and other hardware, we hope to accelerate power reform in non-network areas and devote ourselves to making clean electricity more accessible to remote populations in the near future. We are delighted to partner with De La Salle University, in this regard and wish to forge more partnerships with leading players in the cleantech industry, "<

A similar project has been created for the De La Salle University campus microgrid project. In the project, Energo uses a decentralized system of blockchain where interconnected buildings are capable of performing peer-to-peer electrical transactions. In addition, communication and transactions ensure that supply and power consumption remain balanced.
Significantly, the state of the art meter system has the ability to record transaction history that ensures that data is secured. Furthermore, Energo recently made a donation of a hardware system to a university capable of loading up to 10 kilowatts. The move is to help increase clean energy usage. In addition, it will save up to 1.2 million pesos of Philippine electricity within a span of 20 years.

• QTUM Foundation overview
  The organization has its headquarters based in Singapore. This is primarily charged by accelerating the adoption of Qtum blockchain networks and protocols. This platform uses a solid smart contract on the integrated Ethereum Virtual Machine. The Qtum blockchain platform now supports more than 50 decentralized apps. Some of these applications consist of Internet, market forecasts, intellectual property, latest health care and clean energy.

• Price QTUM
  The QTUM price trades at $ 20 while CoinMarketCap shows that it rose 6.35% in the last 24 hours. This coin is getting more popular day by day as its market capitalization continues to increase. Its market capitalization was $ 1.7 billion up from $ 1.4 recorded 7 days ago.