The GREENEUM Network

maverickcoins17 (25)in #greeneumcryptoethereum • 4 years ago

Introduction

Cryptocurrency is an electronic money created with technology controlling its creation and protecting transactions, while hiding the identities of its users. Crypto- is short for “cryptography”, and cryptography is computer technology used for security, hiding information, identities and more. Currency simply means “money currently in use”.

Cryptocurrencies are a digital cash designed to be quicker, cheaper and more reliable than our regular government issued money. Instead of trusting a government to create your money and banks to store, send and receive it, users transact directly with each other and store their money themselves. Because people can send money directly without a middleman, transactions are usually very affordable and fast.

To prevent fraud and manipulation, every user of a cryptocurrency can simultaneously record and verify their own transactions and the transactions of everyone else. The digital transaction recordings are known as a “ledger” and this ledger is publicly available to anyone. With this public ledger, transactions become efficient, permanent, secure and transparent.

With public records, cryptocurrencies don’t require you trust a bank to hold your money. They don’t require you trust the person you are doing business with to actually pay you. Instead, you can actually see the money being sent, received, verified, and recorded by thousands of people. This system requires no trust. This unique positive quality is known as “trustless”.

Blockchain is technology for creating permanent, secure digital recordings that don’t rely on any single person or group. Blockchains can record any information, though the first example was created to record bitcoin transactions. Imagine the blockchain as a book of records. Each page in that book, is a block, and can record anything. Blocks are created one after the other, chained to each other creating what we know as the blockchain.

Multiple blockchain records are maintained simultaneously by many of unrelated individuals and their computers, making it cloud storage on steroids. Updates are seen immediately and manipulation is extremely difficult/impossible. This positive quality known of many people keeping their own copies of the blockchain is known as “distributed”. There are hundreds of blockchains created by many groups to records all sorts of information including art, medical records, computer information and much more. But if a blockchain is not distributed among many individuals and instead run by one government, organization, group or person, than it is not at a blockchain at all. A centralized system like that is simply a database.

Decentralization in terms of distributed energy and storage further contribute to a rapidly changing energy market. Storage is becoming cheaper. Blockchain and smart contracts are emerging at about the same time. Combined, these developments present an opportunity to distribute, decentralize, and decarbonize electricity all at the same time.

Having said that, The Greeneum Network is devoted to accelerating the worldwide transition to clean energy and sustainable technologies using Blockchain and customised machine learning.

Lets watch the video below to further familiarize ourselves with the Greeneum concept

Greeneum Network Explained

Greeneum’s platform is a first of its kind marketplace and energy production management system. The team is creating the most advanced network in the world to encourage the production, distribution, and consumption of clean , renewable, sustainable energy including solar, wind, hydro, and thermal. Utility companies, grid operators, and users alike can obtain real time energy tracking while global trade markets will benefit from accurate and real time data. In other words, Greeneum, a platform that aims to disrupt energy trading, production and consumption by combining artificial intelligence and blockchain technology. Their software can predict the need for energy in a grid very precisely. This helps to optimise the way energy is used. Greeneum especially endorses the usage of renewable energy produced by solar cells, wind turbines, geothermic power stations etc.

Greeneum connects Green Energy producers, consumers, and investors, ensuring that clean energy is adequately funded and traded efficiently on a global scale. Greeneum builds the technology necessary to build the decentralized Green Energy grid of the future. We build tools to Certify renewable energy production and get your GREEN incentives and carbon credits make renewable your energy production more valuable and efficient. Facilitate the investment and trade of renewable energy globally, and locally allow energy consumers around the globe to offset their carbon footprint.

Just so you know, Greeneum’s digital assets are connected to profitable green energy projects with Unique, groundbreaking technology that certifies green energy and optimizes power yield.

The Platforms of Greeneum

They include:

Greeneum Energy Trading System

Energy trade on Greeneum doesn't only occur on Greeneum's ecosystem, but also on the electrical grid. E-data goes through validating steps where data is profiled and validated. Estimation of energy creation and use are normally run on the grid, and it gives users an opportunity to bond with one another in real time. Makers of the Greeneum platform are compensated with both the platform's token and the GREEN certificates. Users make use of GREEN certificates for daily consumption of energy. What they mainly do is to gather this greeneum CO credits for their part they take in consuming the energy.

Greeneum Global Data System

Greeneum's data system is known worldwide, and is run on Greeneum's blockchain platform. The system stores verification on the blockchain. The verified data moves to the AI for converting to bring about indicators and perceptions. If an energy producer transfers data to the system that has already been validated, they are provided with GREEN certificate which can be used to obtain clean energy. GREEN certificates can be exchanged for GREEN in Greeneum's market. Carbon credits can be exchanged for monetary values only after it has been validated by the system.

Operating profit of data and energy

GREEN token is known to be derived from the Greeneum project, and will be utilized in obtaining profits from energy deals. Greeneum's utility token will serve as a means to encourage the energy environment to show a better and effective GREEN attitude.

Greeneum Energy Network

An energy network is a system that utilizes energy effectively by controlling a large number of energy supply and demand facilities of various types by using a communication network.

Greeneum Foundation

Foundation to assist in the continuous development and growth of the Greeneum Ecosystem, funded through the Greeneum token.

The Foundation uses the Green Fund to help companies, organizations, solar and green energy projects, and city planners get access to the funds required to showcase their innovations.

Green Fund

A funding arranged by Greeneum to help various prosumers work on initiating and building new clean energy projects. The projects are funded through two different methods- crowd donations for social & environmental projects and crowd investments for private clean energy projects.

Greeneum Network

The Greeneum Blockchain network connects consumers, producers, traders, utility companies, investors, and other stakeholders on a global platform. They can interact freely on the secure platform which helps in increasing and strengthening the trust and transparency between all stakeholders. The network emphasizes transparency in recording, distributing, and using green energy

Apparent Features

Blockchain and smart contract technology to record (meta-data) and validate energy production and consumption.

GREENEUM's AI / Machine learning algorithms to analyze and produce insights and accurate predictions that allow grid and storage optimization.

GREEN is a newly introduced cryptocurrency monetizing renewable energy token, based on Ethereum and EOS.

The Ecosystem

Greeneum: Decentralize, Monetize & Optimize

System of users, providers, consumers, investors and any other entity interacting with the Greeneum Network.

P2P energy & data trading

Microgrids

Green certificates and incentives

Carbon credits management

Balance energy supply & demand

Real-time predictions

Energy management

Improved weather forecast

Token and Investment Information

No alt text provided for this image
Token name: GREEN

Total Supply: 1 Billion

Token Type: ERC-20

Available for sale: 250,000,000 GREEN

Accepting: ETH

Under a 100% renewable scenario based on these numbers, millions of jobs would be created. Consider that 3.9 million construction jobs and 2 million operational jobs at renewable energy plants would outpace 3.9 million jobs lost from the traditional energy sectors.

30.9% - onshore wind

19.1% - offshore wind

30.7% - utility-scale solar photovoltaics (PV)

7.2% - rooftop PV

7.3% - concentrated solar power (CSP) with storage

1.25% - geothermal

0.37% - tidal/wave

3.01% - hydroelectricity

Road Map