Blockchain technology has the potential to completely disrupt the existing energy markets. Ever since we first announced the collaboration between RESTART ENERGY and SWAZM, we held a strong belief that building the RED Platform on a decentralized infrastructure, relying on the secure transactions and data privacy were the best advantages to offer our clients.
These weeks see us approaching the launch date, and we cannot be more eager to tie up all loose ends, perfecting the platform that has the potential to completely disrupt the existing energy markets. Both our team and SWAZM’s are putting the daily effort and skill to bring the RED-Platform to life, that being the cornerstone of the energy revolution we’re starting.
Developing the New Wave of Energy Consumption and Production — The Prosumers
The current market landscape is divided between energy producers and consumers. There are definite, centralized entities that generate the power needed to fuel society at large. Depending on country regulations, state policies and entrepreneurial drive, each nation has its own systems, capacities and costs. The decentralization wave aims to transform the way we produce and consume energy at a global level. By empowering the consumer, we start the energy revolution.
Imagine having all the data regarding your consumption right at your fingertips. Being able to quantify how much you actually need, consume, and also how much can be repurposed and quantified into passive revenue, transforming you into a consumer generator, a prosumer. The energy revolution aims to create a sustainable infrastructure, putting the people at the center of its activities. An energy supply and consumption network, building a more sustainable future.
Achieving Sustainable Energy Consumption in a Digital World
There has been much talk about the rise of green energy consumption, its benefits for the environment and profitable business ventures for local entrepreneurs. From pop culture to the regular energy consumer, our entire society is waking up to finding a long-term solution to solve the fossil fuel shortage.
Our dreams need power, and renewable sources seem to be the future
A peer-to peer network is self-sufficient, powers itself from either photovoltaic installations, wind turbines or geothermal sources, identifying consumption needs inside the community, and redistributing residual or latent energy to fuel homes, projects or other societal structures. The start of our revolution is on the blockchain, its distributed ledger architecture allowing communication, collaboration and helping us achieve sustainable energy consumption in a digital world.
Overconsumption and the Approaching Energy Shortage
In a world where overconsumption become the rule of thumb, and where the increased digitalization needs more and more energy resources in order to power a developing world, the market adapts and evolves to the needs of an almost agonizing situation. Pollution, waste, noise, overworking, overspending make way to an increasingly anxious society, externally threatened by an impending power shortage that will only make things worse.
Up until now, the energy sector has been burdened by transaction costs and bureaucracy. The transaction operations and costs had transparency issues, making it difficult for both the regular consumer and small entrepreneurs to be able to have any involvement in the operations around the providers or sustainable consumption.
The Energy Revolution is Built on the Blockchain
As mentioned before, we strategized the transformation to happen on the blockchain. We imagined an e-business model that has transparency and safety at its core, incentivizing each user to be an active part of the community by rewarding renewable energy consumption with green energy certificates, therefore bringing change closer with each individual.
The RED-Platform is soon to have its official launch later this month, offering full transparency over a distributed database of energy transactions, so that all users will be able to clearly see the flow of transactions in real time.
“With the new platform, we anticipate energy companies to adapt to the new economy. Energy companies will start to take payment of energy bills in tokens as there will be a market for those tokens and a value associated with them. Blockchain is appealing to energy companies as it will allow the energy companies to address the administrative burden of connecting to retail market consumers, energy producers, balancing responsible parties and other bodies through the blockchain. It would also automate payments daily or weekly, with lower levels of debt.” (see more details in our whitepaper)
About Restart Energy
Restart Energy Democracy (RED) is a blockchain-powered platform, backed by Restart Energy — a European energy provider with 20 million USD in revenues. The company was built with a vision to democratize the energy sector and quash the dominance of legacy monopolies in the energy world. The company’s credentials include a customer base of 27,000 household and 3,000 corporate clients, expanding at more than 2,000 clients per month, and it’s impressive growth: 1700% from 2015 until today.
Restart Energy is developing the world’s first peer-to-peer, fully decentralized energy transfer platform allowing users to send and receive energy worldwide, based on its proprietary virtual balancing system, that uses A.I, Big Data, and IoT technologies. The RED ecosystem is comprised of the RED-Platform, RED-Franchise and RED-MWAT Tokens.