Power Ledger - Decentralized and Democratized Energy Platform

yoza.ossan (37)in #power • 7 years ago

Power Ledger

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What Problem does Power Ledger Hope to Solve?
Australians are currently in the grips of a Power Crisis, the cost of power is almost making it a Luxury item.
Many are on hardship payment plans and are often forced to choose between power or everyday items.
Renewable energy is abundant and more Australians are adopting the renewable route and are often left with surplus or unused energy. Power Ledger can facilitate the transfer of excess to others as well as providing a platform to develop renewable energy Applications and P2P business opportunities

What is Power Ledger?

Power Ledger is a Decentralized Peer to Peer Energy exchange platform based off Ethereum Tech, its main goal is to democratize the energy market and allow people to exchange excess energy between each other on the blockchain as well as simplifying the changing energy market with the introduction of home solar setups and robust storage systems like Elon Musk’s Solar City project.

Some of the Current Major Applications include:

P2P Trade – Trade surplus or unused electricity to other consumers directly backed by smart contracts.
Electric Vehicle Applications – Track vehicle statistics, energy consumption, remaining power, time and costs of recharging.
Power Port – Top up stations for Electric Vehicles and Roadside assistance assets as well as mobile refueling facilities all with on the spot transactions.
Transmission Exchange – Real time metering and collection of data as well as rapid transaction settlement and monitoring of disputes and payments issues directly with the power companies.

What about the Team?

The team behind Power Ledger includes veterans in Blockchain, Fullstack and Energy sectors with leaders in the field like Dave Martin the former GM of Horizon Power and John Bullich the co-founder and director of Australian Based Blockchain Business Ledger Assets. The Powerhouse members of the team are Dr. Jemma Green the Acting Lord Mayor of Perth and has also been a part of many prestigious Ecological Impact boards including those of JP Morgan and the Carbon Tracker board in London and Mark Griffiths the teams Ethereum engineer with 10 years of experience and a former Goldman-Sachs developer.

What Use Cases do the Tokens have and What Benefits will they Provide?

Power Ledger Tokens come in 2 forms POWR and Sparkz and Function a lot like NEO and GAS tokens.
POWR and Sparkz tokens help create their “interoperable applications platform”
Sparkz is currently being used a token ties to the lowest denomination of the local currency for use trading excess energy Peer 2 Peer between users they can be converted to POWR tokens and transferred across world borders for use in the global economy instead of needing a different currency for each country. POWR tokens are also used across all power ledger applications.
POWR Token holders create a network which gives the platform value and in return are credited with ownership of the network and the more tokens you hold the more ownership you get. Token holders are also able to purchase products or services in advance much like tesla did with its first electrics cars. Put down a stake and reserve their claim to receive a vehicle first as well as giving the company the liquidity they need to get the job done.
With Power Ledger they already have a tried and tested platform and so it will be more about accelerating growth of the Power Ledger Platform
Once the platform is established and operating these token holders will get to share in its success with dividend type platform.

Power Ledger Power Partners - exciting times ahead
PROJECT BRAINSTORM
NEST / LAUNCESTON
TECH MAHINDRA
BANCOR

Some interesting Notes and final thoughts
Bitcoin.com Podcast with Dr. Jemma Green
Crypto Lark Jemma Green Interview
Medium Article about Token Value for token holders
This Video shows Elon Musk’s (Legend) interest in Australias energy crisis as well as This Article which show rumored interest by Elon in power ledger itself.
Bitcoin Miners interest in Power Ledger via Reddit
Vector Energy Connection trial tested in New Zealand , Radio NZ Review

note: This Article was intended for Information and Research purposes only
and should not be taken as Financial Investment advice.
I am just a guy reporting about the wide world of Cryptocurrency and not a financial advisor.
Enjoy
_Yoza.Ossan

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