Greeneum has created the world's first blockchain-powered sustainable, scalable and secure energy and data trading platform; which contributes a major step towards supporting renewable energy.
To protect contributors and bring greater transparency to these projects, the Greeneum platform is built on the ethereum blockchain. Agreements are held on this distributed ledger, which helps to ensure that terms are secure and visible at all times.
Greeneum's platform is an energy production management system that enables contributors from around the world to invest in green energy projects including solar, hydro and wind power; while concurrently creating production efficiencies during demand fluctuations.
Pilot projects currently underway include a grid operator in Cyprus and a micro-grid in Israel; with more set to be announced throughout the course of 2018.
"Greeneum's first in kind platform enables people and companies to make contributions to green energy products around the world," said Greeneum founder Assaf Ben-Or.
"Our goal is to foster increased use of renewable energy sources and reduce the carbon emissions that are contributing to climate change."
Greeneum's innovative approach to green energy production, distribution and consumption management is enabled through a crypto-based platform, smart contracts and Distributed Energy Resource Management System (DERMS).
"By enabling contributors to help fund these projects and track their contributions,
Greeneum is bringing a level of transparency to these projects not previously seen," Ben-Or continued. "And empowering utilities to better anticipate and manage costs, we are hopeful that these increased efficiencies will enable contributors to have an even greater impact on the projects they choose to participate in."