Hi Everyone,
Are you curious why everyone is talking about Power Ledger?
Did you hear Sir Richard Branson is an advocate and highly invested in this cryptocurrency?
For those of you that might not have heard Power Ledger is the world leading peer-to-peer marketplace for renewable energy. It combines blockchain technology with renewable energy that will certainly lead to some unique developments over the years.
Building a platform where this energy can be traded freely without any resistance a completely different subject. Power Ledger wants to remove intermediaries from the equation, as they are focusing on providing the world with a powerful and transparent peer-to-peer marketplace for renewable energy.
The project is built on top of Ethereum, which will give it access to oracle services and smart contracts. On top of that, we have the Power Ledger Core layer, followed by the Ecochain services and the Power Ledger applications. Those Power Ledger applications are what most people will want to pay attention to moving forward.
Importantly, there is a strong focus on peer-to-peer trading. Empowering consumers to trade electricity in exchange for automated and real-time payments without relying on third-party service providers is the main selling point of this entire venture. It is also worth noting that Power Ledger is oriented toward Neo retailers, which use smart contracts and supply management together with remuneration and payment settlements to provide a streamlined experience for all parties involved.
Power Ledger got into the finals of the Extreme Tech Challenge pitch competition in Las Vegas, USA. At the competition they were given the opportunity to pitch their idea to Sir Richard Branson. As the BVI’s were destroyed due to the strong hurricanes this year several parts of the Island needs to be rebuilt. Power Ledge will rebuild the Necker Island as it makes a huge deal with Branson on its POWR trading platform.
Furthermore, the company is already signing major contracts including the Fremantle Smart Cities project. They also signed another contract with BCPG, a renewable energy developer that is backed by the Thailand government.
The goals that are facing Power Ledger this year include launching a token germination project and the utilization of its POWR tokens to encourage ownership of assets in the energy sector with support of the blockchain. The result of this will allow consumers with the POWR token to become beneficiaries and co owners of renewable energy assets.
Power Ledger is planning to receive up to 11 foreign jurisdictions and get to over 100 megawatt hours that can be traded on its platform. With over 15,000 buyers from different parts of the world willing to get involved in the company’s initial POWR token generation project, the positive effect will be enormous on the company.
Are you interested in investing?? I’d love to hear your thoughts!
Read more information: https://stocksgazette.com/2018/01/18/power-ledger-powr-changing-world/
Checkout Power Ledger Website: https://powerledger.io/
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