Know about the renewable energy project- ETAINPOWER

exul (27)in #transaction • 6 years ago

The industrial revolution has significantly made people dependent on power that has caused exhaustion of conventional resources such as the petroleum, gas, fossil fuel, and coal. The fossil fuel consumption due to more greenhouse gases is emitted into the atmosphere; this becomes the major cause of global climate change. To overcome this problem with renewable energy, many countries make use of strategies and policies that in turns promotes renewable energy development. One such platform is ETAINPOWER which is a trading ecosystem of renewable energy financing that makes use of Blockchain or AI technologies.

The well-established team of platform holds experience of more than a decade in power grid design and renewable energy management. The platform got inspired by decentralisation, democracy, and transparency of blockchain techniques. The main aim of the project is to solve difficulties and shortcomings that come in the way of renewable energy development and financing. The safety and stability level is improved by minimising renewable grid connection to push renewable projects. The platform also offers energy tokens that are briefly being discussed in the paragraph below.
Energy tokens:
To carry renewable energy finance of Etainpower which is a transaction platform, the platform energy establishes a connection between global investors from all over the world. The market price of the project is raised by selling future revenue at lower to the market investors. The investors can exploit PowerPoint (PPS) that are being issued by renewable producers after purchasing of future revenues. The PPS value will be activated after the successful transfer of power generation revenue via smart contracts.
The renewable information of platform is open, and all investors around the world can take part in it. The saving of fees to raise capital can be finished through smart contract and producers and investors of the Blockchain. This is how all the difficulties and shortcoming in the renewable project can be solved greatly. Moreover, more producers can help to overcome financial barriers and complete project construction at a faster rate.
Technology architecture:

Blockchain technology is an independent, permanent database, verifiable and decentralised technology that contribute too innovative internet database. It is resistant to tampering of data, by design. It can be viewed openly and makes records by everyone accordingly. The falsification of transaction records are extremely difficult and are considered almost impossible. The contract terms are defined in coding and implementation of terms are insured automatically. The transaction processes are simplified by smart contracts and no juridical entity, audit organisation is involved.
What can all problems be solved via blockchain technology?
The transactions are limited to local conditions that are present on the blockchain platform. Thus the connection between investors ineffective building of platform is successfully being held.
The transaction processes cannot be controlled by any of the parties as Blockchain has decentralisation as its major characteristics. The investor or the borrower can master transaction as the details are fully exposed beforehand.
If you are an investor, then do take part in the development of renewable energy ETAINPOWER platforms so that everyone gets benefited by it.