Taking A Big Look To Greeneum - A Global Green Energy Blockchain Project

kurniawan05 (42)in #blockchain • 3 years ago

Considering the worries of global warming, there are many projects to solve it. However, the capital in doing it takes a big toll to realize it. That is why you can find some blockchain projects that offer the same promise. It includes the Greeneum that successfully realized its global projects. But who are they? Read further for more information.

Who Are Greeneum?

Starting with who are they? The network emphasizes its target to create something good in the future. It is especially devoted to the project to create sustainable technologies and clean energy. The idea of building such innovation is always in people's minds, yet it is hard to realize due to big budgeting.

In this case, the company uses customized machine learning and blockchain to take care of the investment. This idea is not new anymore. There are tons of similar projects that propose the same idea. However, Greeneum underlines the connected digital assets to create profitable green projects. It also promises optimal power yields that come with certified green energy.

The white paper also spouts something interesting that explains how Greeneum has certain characteristics. It tries to fuse a range of technologies that include financial, digital, and physical worlds. All in all, the project itself brings out the big concern of the global climate challenge. They use it as mediates to gain investment to obtain the proper solution in the future.

What do They Want?

Taking a look at the comprehensive white paper, the project did many market analyses and provided adequate solutions. The problem stated by Greeneum is the centralized approach that has been used for energy production, consumption, distribution, and transmission. The energy market is known for its mostly analog access that also appears highly commoditized.

Greeneum tries to create a solution that comes in the form of global blockchain design. The company will create such an ecosystem that has better transactions and connections. It will enable the global energy certificates, which are connected to users through a private grid. This solution relates to the use of smart contracts, energy, and environmental data.

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Along with the idea of creating a more efficient transaction for the energy market, it also works well with the global energy issues. The company not only tries to create or build the solution itself but also brings a lot of benefits from the related condition. With that in mind, the company has visions to create a global monetization system, energy trading system, and global data system.

How Do They Do It?

Greeneum proposes some interesting ideas for its project. Joining the investment might need some consideration, but the Greeneum promises are very tempting. The company creates peer to peer energy trading and the Decentralized application along with its marketplace. It uses native validation APIs and Greeneum Proof-of-Energy Transaction.

The network poses many possibilities by asking prosumers and green energy companies to join the project. All of the data and investment will be connected through the blockchain system, which allows fair and transparent deals. It also has a greater reach for energy marketplace or activities around the world.

What you can spot from the principles is the use of three technologies to reach its target. Greeneum formulates a native API for seamless connection trading. Using blockchain technology, that idea is one of the top solutions. To provide fair income or benefits, the company also uses data mining and prediction while topped up with targeted Ai.

Is There Any Prove Of Its Projects?

According to its official website, two potential pieces of proof show how good the project is. The first one will be the microgrid in Israel. The project proposes the use of Greeneum proprietary energy prediction that helps maximize the earning and stabilize the grid voltage. The project is done by using Distributed energy resource management system (DERMS)

There is also a case of a Grid operator in Cyprus. The Greeneum worked closely with the local government and the University to conduct an analysis. It focused on the energy needs and optimization plan. The use of DERMS and solar arrays create a virtual efficient power plant. It can save trillions of dollars and reduce the cost of creating clean energy.
Should You Join?

Considering the ideas and their proof, you can say the investment is worth trying. The Greeneum will use Green Token as a utility token for all of its activities. It includes the trading system and global data system. If you are interested in investing in the energy market, you can join it. Buying the Greeneum coins can be monetized as it creates incentive from the use of green power.

Those are some questions and answers that show how potential this project will be. As one of the long-term projects, many people might have to think twice about investment. However, the premise is pretty clear and also well thought. The idea of using the decentralized SaaS for the project also makes sense. Joining the move might come in better income as the project gets real.

Greeneum Roadmap