Windhan - Blockchain based renewable energy platform

According to Wikipedia, energy can be described as the power derived from the utilization of physical or chemical resources, and then transferred into an object or machine in order to perform work or to heat them up. Energy can be classified into different forms in nature, like chemical energy, gravitational energy, nuclear energy, etc, but the most common and important type of energy is electrical energy (electricity).

Electricity have proved to be the greatest technological innovation of all time, as it has become a very important part of our daily lives and it is almost impossible to do without it, as it powers all other technological innovations (like home appliances, gadgets, medical facilities, etc) and even industrial activities.

A common question asked by most people is the source of this electrical energy, where does electricity come from? How is it created? There are generally two categories of energy namely renewable and nonrenewable energy sources. Nonrenewable energy resources are energy sources that usually take a long time to replenish (e.g. coal, nuclear oil, and natural gas) while renewable energy resources are sources that quickly replenish over a shorter period of time (e.g. sun (solar), wind, water (hydro), biomass, and geothermal).

Electrical energy can be produced or generated from both sources but the most common source of electricity in our present time is the nonrenewable source. Electricity generation from this source is not the best, because they are not only overly expensive (compared to renewable energy sources), they are also harmful to the planet and human race as a whole. And considering the continuous increase in the rate of global warming, there is a drastic demand for reduction in the use of nonrenewable energy sources. This makes the use of renewable energy source as the best alternative.

In this content, I will be introducing a revolutionary Blockchain based renewable energy project that is aimed at revolutionizing the energy industry by creating a platform for the utilization of renewable energy. This project is known as Windhan

Introducing Windhan

Windhan is a Blockchain based renewable energy project with the aim of revolutionizing the energy industry by creating a platform that links the producers and consumers of renewable energy together to trade successfully without excess charges from middlemen and intermediaries.

Challenges

The demand for electricity globally is on the rapid increase due to the increase in population and technological advancement. And with the world largely dependent on nonrenewable sources of electricity production, there are possibilities that electricity production won’t correspond with the demand, due to the heavy usage of these resources without replenishing.

Aside from the steady decline of these nonrenewable resources, they also have an adverse effect on the planet as they produce the emission of greenhouse gases, which is very dangerous to lives of human, plants and the entire ecosystem.

Windhan innovative solution

Windhan is a Blockchain based renewable energy exchange project, with the aim of reducing the world reliance on non-renewable energy sources by creating a platform for the funding of green energy projects and also for the effective exchange of green energy between the producers, customers and investors without the use of intermediaries and middlemen.

Crowd funding for Green Energy projects

Renewable energy projects presently struggle with funding due to the costly nature and investment institutions and large investors don’t really consider investment in renewable energy projects. Windhan will making funding easy for renewable energy projects by utilizing the power of crowd funding from different small individual investors. Windhan will give these investors asset backed tokens in exchange for their investments and also reward them with revenue generated from these projects.

Elimination of Intermediaries and Middlemen

Windhan will create a platform where producers, investors and consumers can connect together without the existence of an intermediary thereby reducing the unnecessary costs incurred by them. The Blockchain will be utilized to ensure transparency of every transaction on the platform, thereby making sure that all parties are evenly served.