Power Ledger is a decentralized, trustless energy trading platform.
It sees a changing energy ecosystem, where control is moving from centralized energy retailers, to consumers on edge of the grid.
The catalyst is the proliferation of distributed energy resources, DERs for short, like solar. With Power Ledger consumers will be able to buy and sell renewable energy.
The Power Ledger Ecosystem is a platform takes the model for energy trading out of the hands of a few central players and puts it in the hands of consumers.
This is a reflection for people’s desires to have energy supplies that are more sustainable, more socially-responsible, more local, and more resilient.
Consider that in Australia, between 2011 and 2016, more new generating capacity was installed on residential roofs than was connected to transmission networks.
The rapid penetration of DERs means that we now have distribution systems characterized by bi-directional flows of energy and millions of active prosumers (a prosumer is a producer and a consumer).
The new paradigm will see increased automation and resilience, but not by large scale investments, but rather millions of micro-investments distributed across the system.
With the blockchain Power Ledger can build a trading platform that allows consumers to sell energy to their peers in a trustless environment.
There are many benefits to the blockchain including fast, cheap, secure, and transparent settlement and a trustless system. Plus, it can be the foundation for trading ecosystems and autonomous distributed trading markets.
Power Ledger’s platform uses an exchangeable frictionless energy trading token, Sparkz. It can be bought and sold with fiat currencies.
The Power Ledger Token (POWR) is the fuel of the Power Ledger Ecosystem with bespoke private trading applications creating Sparkz in exchange for POWRs.
As you can see POWR has done quite well since its launch.
This is just the tip of the iceberg for Power Ledger. There’s lots more to this project, which I’ll dig into in the future. I’ll have to check out competitor Grid+ as well.
Strikes me as a big idea. What do you think of Power Ledger?
I found Grid+ to be an interesting project and got a few tokens during the ICO, but it looks like I'll have to check out PowerLedger as well.
Nice, Grid+ next on the list.
I had some successful swing trades on this one when it first came out. Had some nice volatile movements. It has been downtrending recently so I've stayed away, but I'm watching it. Once it bottoms, it should have a nice recovery. Their Telegram is pretty active and people seem excited about this one. I think it moved up too fast though.
Yea looks like the steam came out of it recently based on the charts.
$0.50 would be a nice entry point for a hodl.
Yep...I would be very happy with that entry point.
Power Ledger is an amazing idea. I too am going to check out Grid+ looks like they have a hardware solution too.
Check out Swytch too - https://www.swytch.io/
Nice post, Thanks for sharing! Resteemed it.
Thanks!
Power Ledger has developed a number of world-leading blockchain energy applications, such as our P2P energy trading application that allows companies, such as Utilities, to host operations on the platform.
Interesting choice of words... so you work there?
I'm still digging into everything... the more I read the more I like it. Big ideas stand out.
Amazing post really nice.....I like it.thx for share😍
Thanks!
Power ledger is an amazing coin by dr jemma green, she has a strong team and an awesome potentiel , im in power ledger for a long term !
Thanks for the info!
another Awesome Aussie innovation
Love it. Go @teamaustralia!
Sold this one @ $0.20... little too soon, but ay- still hit on the double!
You'll never go broke taking profits! I'm looking at $0.50 as an entry point.
Even though I got in (for a small amount) near the ATH I am still a long term believer in Power, and will be HODLing for at least a few years, excited to see where it goes :)
Hodling too!
Wow thanks for shared another cryto info @g-dubs
Cheers!
It's one of those hyped coins everybody's talking about, but I was too lazy to research myself. I still don't quite 'get it' I'm afraid. Selling excess solar power sounds great, but the whole economy is still vague to me.
I think tokenizing energy just isn't very appealing to me. I don't see the wow-factor in this, or why it would blow up beyond a handful of crypto+solarpower enthusiasts selling a handful of dollars worth of energy a day.
Maybe I'm getting altcoin fatigue..
Yea I'm still figuring it out myself. But to me I can see the potential. There's a lot of inefficiencies in the way energy is distributed now. It makes sense to create a mesh like resilient network for energy. It can take advantage of existing infrastructure as well if utilities hop on board. They wouldn't have to market anymore, but would need to be price competitive. Bye bye to state regs as well. Was is electricity $0.08 in some states and $0.16 in others? Power Ledger has a few pilots going I'll have to check those out and see the results.
I hope they succeed. Anything to drive down the price of electricity over here.. It's why I stopped mining back in 2014. It's €0.21 kw/h here. Unfortunately, not a whole lot of sun or solar panels either so I doubt Powerledger will ever do me any good.
Though.. I just had an amusing thought of poor people using old bicycles refurbished to generate electricity when you hit the pedals, and cycling their ass off to sell the generatedelectricity on powerledger..
I wonder, how much electricity would one generate by cycling? We could hook this up to hometrainers and market it as 'Making money while you lose weight'?
I'm starting to see a whole different picture here..
Your posts are blowing up! Congratulations g-dubs, well deserved!
Cheers!
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https://powerledger.io/media/Power-Ledger-Whitepaper-v3.pdf
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