Developing Countries and Emerging Markets
Introduction
The energy sector is gradually moving towards green energy and renewable sources. The effect of CO2 emissions has caused researchers and innovators to look towards the most abundant resource on earth, the sun, for the generation of energy. This innovation has birthed new projects and companies starting operations and processes in generating green energy. Businesses and investments in this field are expanding and new investors are channeling their resources to green projects. This is creating immense development in various countries and new markets are emerging and booming due to the technology and initiative of generating energy from green and renewable sources.
With such a rise in adopting green energy, the Greeneum project is taking a further bold step to integrating another booming technology with it.
The Greeneum project is looking to merge blockchain technology with the production of energy from green sources. Most conventional and centralized grid merchants and utilities, maybe mundane and not appreciate the incorporation of blockchain technology in the functioning and operating of their systems; however, the implementation of the technology will improve their consumer service delivery and supply of energy. While these traditional players may not accept the benefits of blockchain technology, there are undeniably crucial advantages offered by the technology to improve operations and the overall system.
Recently, new energy projects and most emerging markets for energy economies are appreciating the integration of blockchain technology. These economies operate in a manner where systems located at the grid edge can communicate with other grids and respond automatically to real-time events. Generally, there are three essential elements blockchain technology can offer to developing countries and emerging markets looking to adopt green energy, they include:
Secure Transactions
Protecting the information and data of clients is one of the primary benefits of blockchain technology across all applications. This extends to countries and markets considering using the Greeneum platform, which is powered by the technology. There will be a transfer of large assets and funds in the generation of green energy and blockchain delivers a safe and secure way to perform those transactions.
Monitoring and Tracking
There will be movement of huge sums of funds for the generation of green energy and these countries and markets require a trusted and reliable system that can seamlessly and in real-time monitor these transactions. Blockchain technology offers them the ease of keeping track of the billions of micropayments and transactions performed at all times.
Use of Smart Contracts
One of the most notable benefits offered by blockchain is the use of smart contracts for transactions. The benefits of integrating smart contracts are numerous and cut across different industries. It protects the details of transactions and offers processing speed. It also helps to minimize unnecessary costs accrued by paying intermediaries to oversee contracts.
With the incorporation of blockchain technology in the Greeneum network, its offerings and applications will focus on renewable applications for both off-grid and on-grid systems. The Greeneum platform will integrate the use of smart contracts to meet the varied business and market needs of its clients; hence, delivering efficient energy management and effective trade in markets, where services were initially inaccessible and hard to obtain.
USEFUL LINKS
Twitter :https://twitter.com/GreeneumNet
Website :https://www.greeneum.net
Facebook :https://web.facebook.com/Greeneum/?
Instagram :https://www.instagram.com/greeneumn/
Reddit :https://www.reddit.com/r/Greeneum/
AUTHOR'S DETAILS
Bitcointalk Username :Tinyshoe
Bitcointalk profile link :https://bitcointalk.org/index.php?action=profile;u=2768322