The Greeneum token and it’s features
GREEN TOKEN
GREEN is a token issued by the Greeneum platform which will serve as a utility token. The GREEN token is based on Ethereum ERC-721 which means GREEN is non-fungible tokens (NFT). Users can use GREEN tokens for various purposes such as purchases, payments, etc. Users can get these tokens through the token sale program organized by Greeneum.
worldwide transition to clean energy and sustainable technologies by utilizing blockchain technology and customized machine learning. With the combination of these 2 technologies, it is possible to create a network that connects participants and a platform that will be capable of managing global and local levels of data and energy and monetizing them.
The Greeneum network will solve problems related to the distribution of green energy from central production to regional and local communities through an integrated, safe, and secure platform. With the help of real-time machine learning, Greeneum will monitor and predict energy production, distribution, consumption, and storage optimization. With blockchain technology, it allows traders, producers, consumers, utility companies, and other stakeholders to trade energy freely through a secure and secure decentralized platform. Thus, making the green energy market smart and efficient.
GREENEUM FEATURES
Greeneum is a smart and efficient green energy marketplace. Which allows users to trade green energy quickly, safely, and affordably. With the help of Greeneum, it is possible to optimize the green energy market and benefit the participants in it. Greeneum collaborates with various parties to provide a reliable service, including MIT, IBM, Deloitte, etc. The following are features of the Greeneum;
- Energy Validation and Profiling: The Solar PET (Proof-of-energy-transaction) protocol will profile and validate energy production for existing resistant power-production systems.
- Optimization and Management from Energy: Greeneum builds a solution that will optimize and manage microgrids and utilities.
- Decentralized Platform for Energy Trading: This is a platform that allows traders, consumers, producers, and utility companies to trade energy freely in a secure and secure decentralized platform.
- Monetization of Data and Energy: Greeneum through GREEN tokens will monetize energy across the platform.
- Energy transactions: Greeneum uses blockchain technology and smart contracts for the recording, distribution, and transactions of green energy.
As the world keeps getting larger and population increases day by day there is a need to produce a safer means of producing energy, and not the other way round. The demand of energy simultaneously means the demand of air pollution. This is caused by release of CO2 in the air which is harmful to both our health and the ecosystem. IEA has also thought to put it out that demands will continue to rise by 1.3% till 2040 until all the energy policies are regulated. As demand grows, so does emission of CO2 grows. The good news is that, in 2019 just after two years of the high rate of emanation of Carbon dioxide, it dropped to a flat rate from the advanced economies. This was the result of change. The non-sustainable energy origins that were normally used were turned to sustainable energy origins.
Vision and Solution of Greeneum
The vision of Greeneum is to provide its users and the world at large with a GREEN energy market that will be seen as productive and adequate. This vision has moved Greeneum to develop financial services that will simplify the process of exchanging renewable energy. Investments would also be highly supported through transparent measures in renewable energy looking like in the oil markets.
The solution of Greeneum is to first create an outstanding multiple chain design. This solution is already ready for GREEN energy markets out there. The platform will consist of three unified systems and will work together to make it achievable for Greeneum to manage data and energy at both the global and local levels and make money out of it using a GREEN energy market.
Why Greeneum?
Energy demand is rapidly growing worldwide in reaction to population, transportation, and economic production changes. This demand surge creates increasing pollution levels of carbon dioxide (CO2) in the atmosphere and threatens our entire ecosystem. The World Bank report claims that air pollution creates health repercussions and costs trillions of dollars annually.
Greeneum utilizes blockchain and customized AI in order to provide a proprietary solution for optimizing the energy management for microgrids. Its customized AI algorithms generate precise energy demand predictions that allow microgrid operators to balance energy supply and demand. All the while the energy network operates in a trustless and distributed manner using blockchain technology to eradicate the disparities, uneven distribution, supply-demand gaps, and more energy sector problems in developing countries.
Blockchain-based smart contracts, coupled with energy and environmental data management systems are the newest solutions to accelerate the transition towards a low carbon global economy. The next generation of blockchain technology offers smart P2P valid interactions, smart contracts, IoT, targeted machine learning, and artificial intelligence algorithms.
GREENEUM PLATFORM
The platform consists of three parallel and connected systems
Greeneum Global Data system
The data system is global and operates on the Greeneum blockchain network. The system records validations on the blockchain. The validated data goes to AI processing to generate predictions and insights. If a producer of GREEN energy sends valid data to the system, they will receive a GREEN Certificate for clean energy production. GREEN certificates can be used to convert to Greeneum tokens in the Greeneum Energy Trading System. Carbon Credits and GREEN Certificates will be validated, monetized, and globally traded.
The Greeneum Energy Trading System
Energy trading on the Greeneum system takes place on the electrical grid as well as the Greeneum blockchain network. Electrical data is transmitted through a validation process, where the energy is profiled and verified. The system runs periodic calculations of production and consumption on the grid and allows consumers to interact directly with each other. Producers of GREEN energy are rewarded with GREEN certificates and Greeneum tokens. Consumers use Greeneum colored tokens (GREEN certificates) for energy consumption.
Connect with Greeneum
WEB: https://www.greeneum.net/
TELEGRAM: https://t.me/GreeneumNetwork
TWITTER: https://twitter.com/GreeneumNet
FACEBOOK: https://www.facebook.com/Greeneum/
