SALT LAKE CITY and TEL AVIV,
Israel, Oct. 19, 2017
/PRNewswire/ -- Greeneum (www.greeneum.net) today announced
the upcoming launch of its blockchain-based platform, Greeneum
Network. Greeneum leverages blockchain, smart contracts,
targeted artificial intelligence (AI) and machine learning
technologies to redefine renewable energy systems globally. The
platform enables decentralized peer-to-peer trading, providing
analytics and predictive insights on the energy lifecycle, and
incentivizing the production and consumption of energy from
renewable sources. It is developed by the team behind the first
ever renewable energy currency, SolarCoin.
The Greeneum Network pools together energy producers, utilities,
grid operators, energy traders, and consumers onto one platform to
allow users to trade energy and data directly with one another.
Greeneum targeted AI is capable of identifying, validating and
predicting the production of renewable energy resources globally to
enable and track increased efficiency, while encouraging,
validating, and rewarding the generation and use of renewable
energy. Greeneum users can monitor real-time energy usage, and use
the data to create more accurate predictions and optimization
recommendations.
Energy systems worldwide are notoriously outdated and
inefficient. Many are plagued by the challenges of transitioning to
low-carbon sources, poor grid reliability and the lack of
transparency between incumbent politicians. In California, for
example, growing solar generation has occasionally driven power
prices extremely low. Yet, consumers in California continue paying some of the highest
electrical bills in the United
States.
Greeneum addresses those challenges by implementing a dual
system: first, the network uses blockchain technology to secure,
track, and manage billions of energy trades. Utilities and energy
providers can use the network's smart contracts to customize the
data insights they collect. For example, a utility with branches
across the country may request to receive data only from one
specific location. Second, the network uses artificial intelligence
and machine learning to further validate energy data flowing into
the network to generate forecasts. Greeneum Network users can reap
this data for insights.
The network will produce utility ERC20 token called
GREEN to incentivize green energy production and also
to reward users for consuming green energy. A number of test
nets and pilots are running currently in Europe, Cyprus, Israel, Africa and the US. Greeneum expects the
project and platform MVP will be completed by mid 2018.
"The Greeneum Network pairs the best functions in blockchain
technology with best practices in clean and sustainable energy at
scale," says Assaf Ben-Or, CEO and Founder of Greeneum. "Our
vision is for a smart, efficient, and sustainable global energy
ecosystem with clean power at its core."
Greeneum advisors include Michael Terpin, Transform Group
founder and CEO; Bryan Feinberg, CEO
and Founder of Etheralabs and P2Primex; David Drake, Chairman of LDJ Capital, a family
office; Victoria Partners, a 300 family office network based in
London; Stas Oskin, CTO at ChainLab and core developer
for the Wings Platform; Francois Sonnet, co-founder of
ElectriCChain & SolarCoin and SolarChange.
For more information on Greeneum, please visit
www.greeneum.net
ABOUT GREENEUM
Greeneum redefines energy systems
globally. Leveraging blockchain, smart contracts and advanced
machine learning technologies, Greeneum provides a decentralized,
efficient, and secure data network for a sustainable energy
future.
Please follow t.me/Greeneum to stay updated!
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SOURCE Greeneum