White-label blockchain platform for renewable energy matching
Why track renewable energy?
There is currently no universal accounting tool to communicate data on carbon usage as well as savings for residential or industrial consumers. Existing systems serve only massive energy producers or consumers and remain out of reach for the vast majority.
GreenLink, is a blockchain-based next-generation sustainability monitoring, reporting, and verification tool. It can transparently verify the production, consumption, tracking, and matching of local renewable electricity all on one platform in real-time.
Large corporations are becoming more conscious of the impact of their operations on the climate. The RE100 is a global corporate leadership initiative formed by 300+ largest companies in the world that are committed to using 100% renewable electricity by 2050 at the latest. All these companies are in search of a solution that you can fulfill as their energy provider.
How does Greenlink work?
- Receive Data
GreenLink’s enterprise blockchain-enabled client collects meter data from SCADA, market data, local smart meter with a time resolution down to 6 seconds. Greenlink also allows uploading consumption data from local files
- Create & Assign
Digital IDs will be created for each generation and consumption asset. A token will be issued for the generation asset on the blockchain. The certificates are then matched to the consumer’s consumption data.
- Match & Claim
Generation and consumption will be matched and the tokens are automatically claimed for the end-consumers by your preset approval with a time resolution down to seconds.
- Visualize data
Consumers can log in to GreenLink with a user you have created and visualize information such as the energy type, location generation asset, time of production, carbon emissions, and savings.
Tracking renewable electricity and managing decentralized energy grids is a complex process, with many intermediary organizations, which results in added labor, time, lack of trust, and cost.
Blockchains can help streamline this complex process and increase trust in the market through their ability to enable verification, traceability as well as transparency. It also dramatically expands the market by lowering the barrier of entry for small companies and individuals.
In addition, the presence of verifiable immutable data from a variety of sources coupled with smart contracts will generate promising opportunities. New business models and processes can be developed that can result in added value for consumers, producers, and utilities.
Ok, but why blockchain?
- Tamper-proof data:
Participants of a blockchain network can check whenever a change to the state of the database is made, what was modified, and who initiated the change.
- Digital Assets:
Organizations can have almost non-existent financial and administrative costs using an efficient and automated digital infrastructure for the recording and transfer of assets and information.
- Smart Contracts:
Self-executing contracts are stored in the blockchain and are run when predetermined external conditions are fulfilled. Due to the transparency and security of the blockchain platform, companies can trust that the terms of their agreement will be fulfilled exactly. This results in high degrees of automation and smoother data exchange between contracting parties.
- Available & Reliable:
The blockchain state is typically replicated by every node and there are usually many nodes that are ready to process transactions. This results in a highly available and reliable system.
What do I need to start using Greenlink?
Internet connection and a browser.