All You need to Know About the Greeneum Network
Greeneum Network, a decentralized marketplace aimed at rewarding and connecting people, organizations and companies that work and act in favor of a sustainable and eco-technological future, started its journey in 2018. Founded by Assaf Ben Or and headquartered in Tel Aviv, Israel, the network leverages high-end disruptive technologies to create a credible, extensive, and certified energy data platform for all stakeholders of the renewable energy market to access. Greeneum also operates a public fund for investments in green energy projects and cleantech products as well as environmental restoration through tree planting around the world. Our wide range of activities allows opportunities for anyone to contribute to a green future.
In order to connect your green energy project or to contribute to an ecological project or tree planting, use the following LINK: https://www.greeneum.net/
Greeneum’s groundbreaking data technology powers, facilitates and accelerates the global shift to renewable energy.
The producers of solar, wind and other green energy sources, the grid operators and the energy consumers often have the need for tracking real-time energy data, so that they can keep track of how much green energy is produced. A lot of potential green energy and money is wasted due to power supply and demand fluctuations. Access to consistently trackable energy data helps the global energy trade markets to function smoothly. With its proprietary technology, Greeneum responds to this need by providing smart predictions, insights, and forecasts into how much green energy will be produced. These insights help the energy market to become more efficient, cost-saving, and impactful.
To know how Greeneum makes use of the disruptive and cutting-edge technology paradigms of Blockchain, smart contracts, and targeted machine learning, we would have to delve deeper into the sophisticated operational framework of Greeneum. You may go deeper into these subjects by reading our detailed whitepaper document in the following link: (https://www.greeneum.net/whitepaper).
The Network and the Stakeholders
Greeneum’s digital assets are linked with profit-making viable green energy projects that optimize power yield, and in turn- ensure a high return on investments.
Estimates show that by the time the year 2020 is over, more than 26% of the world’s electricity supply will be coming from sustainable energy sources. Greeneum helps to streamline this shift and make it more efficient and rewarding for all parties involved.
(https://www.theguardian.com/environment/2020/apr/06/new-renewable-energy-capacity-hit-record-levels-in-2019)
The proof-of-energy transaction (GreenPET) protocol along with validation APIs offered by Greeneum, helps to optimize assets, facilitate peer-to-peer energy trading, and provide an avenue to build secured decentralized applications or DAPPS. The green energy-producing companies can connect with Greeneum network’s blockchain through the Greeneum API and start trading energy. Also, Greeneum offers its investors attractive investment opportunities through its green energy marketplace.
The Software-As-a-Service solutions introduced by Greeneum along with its APIs meet the need of energy-transition processes connecting central production and distribution facilities with the regional and local community. Apart from using its integrated proprietary solutions to connect the producers with the end-users, Greeneum leverages its IoT innovations to facilitate the management of the process, and to make smart predictions regarding energy prices, supply and demand analysis, and to enable value trading facilities for the energy market stakeholders.
In the territory of blockchain technology, the objective of Greeneum is to leverage machine learning to monitor and reward the efforts towards reducing Humanity's carbon footprint. Greeneum’s blockchain technology and the smart contracts built thereon also create a trusted peer-to-peer framework in order to record, manage, and trade emission-reducing green energy and data.
The Greeneum Network Token
Monetization of a Marketplace like Greeneum and the incentivization of its users uses the platform’s native token.
Greeneum issues an Ethereum-based token of both utility and value.
The token serves two purposes. First, it allows access to the Greeneum network as well as being used to reward green energy and energy data production, and it is also used to purchase a wide range of services and products from the Greeneum network’s marketplace which already has thousands of products and services and will soon be launched.
These services and products include Greeneums digital rewards: Greeneum Carbon Credits (GCC), Greeneum GREEN certificates (GGC) among others. Greeneum’s marketplace, GreenPET, energy management services, forecasting systems and eventually trade system allow the globally distributed trade in energy to get a much-needed boost with these coins being introduced as a medium of exchange as well as an incentive that encourages the transition towards green energy.
Greeneum Milestones: Present and Future
Greeneum Network is well set to play a crucial role in transforming the sustainability industry in India, the world’s fastest growing major economy. Quickly depleting natural resources such as coal are increasingly gaining prominence as a roadblock to India’s sustainable growth story. According to estimates, at least 240 million Indians still have no access to electricity while both the generation and the distribution of power from the natural resources for the rest of the population takes a toll on the country’s fiscal economy that suffers from snowballing deficits.
The Indian authorities are becoming increasingly interested in collaborating with decentralized power providers. Greeneum has strategic advantages to act as a facilitator in this market by creating microgrid applications for decentralized power producers. Moreover, Greeneum can help to create a holistic energy marketplace where Greeneum tokens can be used to trade carbon credits as well as to raise funds. The blockchain ecosystem of Greeneum that leverages AI can go a long way in assisting the Indian government to fulfill its commitment to reducing its carbon emissions intensity by 43.5%.
Along with the introduction of GreenPET technology, the Greeneum network is currently in the process of establishing new pilot programs. Anyone possessing a Green energy project is eligible to receive GREEN tokens and Greeneum’s credit once they have registered the project details on the Greenneum network. Under the bounty plan, users are also rewarded with tokens for performing tasks and activities such as creating content and taking part in events and promotions for Greeneum’s activities and green energy projects.
As a sophisticated, decentralized and blockchain-powered marketplace aimed at incentivizing the green energy transition, Greeneum is established upon strong foundations and boasts an innovative, efficient and revolutionary network.
