On The Way to make Greener Earth — TerraGreen
The general thought behind TerraGreen is to use the blockchain technology and cryptocurrency to make the earth (terra) a greener place. We want to revolutionize the concept of how green energy is produced and supplied to the customer.
In contrast with current methods of energy production via fossil fuels like oil, coal and natural gas, TerraGreen focusses on renewable energy that is generated from waste materials.
Environmental stress to earth has induced an urgent quest for innovation in the energy structure on a global scale. As evidence by the 148 nations who ratified Paris Climate Accord, there is profound interest in fostering a cleaner future as these nations agreed to fulfill its responsibility by capping GHG emissions as soon as possible.
However, the measures taken by companies and governments addressing global warming due to climate change are often tainted with controversial, insincerity, inconsistent policies and conflicting interest.
It has been far too long since people have placed hope and trust on big companies and the governments to bring about change and lead the way for generation of green energy to mitigate the catastrophic effect of climate change.
In hindsight the enormity of global warming is mainly due to disconnection between the energy users and energy producers. The users have no way to control or influence the generation of energy and have to completely rely on the companies or governments’ profundity in managing the energy supply.
It is well known, that climate change poses the risk of having significant negative impact on future generations and the use of traditional measures have proven to be insufficient over the long term.
TerraGreen is all about bringing reform in the existing energy supply structure and transition to a new energy system through the use of the blockchain technology, that can fundamentally reduce GHG emissions and mitigate waste pollution.
TerraGreen is an ecosystem, where renewable energies are tokenized and can be used by the community in exchange for fiat currency or payment for energy consumed. But we are not stopping there, we want to use the blockchain technology in a way that users can monitor how the energy is produced and what it is used for.
We intend to break down the walls between energy producers, investors, utilities and consumers, so that people get involved and influence how their energy is produced.
In the end TerraGreen purpose is to create a truly sustainable and clean community while directly allowing consumers to participate in the renewable energy industry in a positive manner.
It is all in our own interest to stop the pollution by coal and oil and move to an age of renewable energies. We have only one earth and we need to take good care of it.
If you take a look into the news around the world, we notice that waste is one of the most critical problems for us already. As humanity, we are rapidly growing and therefore increasing the need for food and energy and hence the production of waste materials. This development is not sustainable and is already having a great impact on earth and ourselves.
Just like for energy, people tend to forget the supply chain behind their consumption. Everyone is happy if power is coming out of the outlet and waste just vanishes conveniently. We all trust that it will be taken care of and hope that it is done in a clean way. But honestly nobody thinks about it much.
If you actually look closer, the waste market is a huge way to gain profit for big companies. The cheapest way to dump waste is used, even at the expense of doing damage to the environment. We have seen this all over the world. Sometimes making the biggest profit is just not the best way for humanity to go.
Instead of blindly trusting companies to handle the problem, it makes a lot more sense to give tools to the community to witness, control and get involved in the matter.
If people see themselves what impact is has if they separate their wastes, if they don’t use unnecessary plastic or what kind of refuse is produced all along supply chains (for example agricultural wastes), we can bring a badly needed change to the piles of waste we are living on.
TerraGreen has signed contracts with several renewable energy developers in the ASEAN region. Namely AVI Renewable SdnBhd, Ajil Biofuel SdnBhd andAugustina Tradelink Pvt Ltd. These companies are researching and developing the latest green technology and have been successfully building multiple renewable energy plants in the past years.
Since we have recruited several TerraGreen team members from technology & project advisors in these companies we can build on a substantial advantage in terms of knowledge and experience.
With the raised funds TerraGreen will be able to realise the projects which are described in the Green Paper, with the partnered companies.
We can then use the platform to raise more funds for future projects and start to scale up. In the future we are looking forward to other companies joining that concept and using TerraGreen platform to deploy more renewable energy infrastructure.
Additionally to the tokenized energy we introduce a platform token, which will be connected to every transaction between the participants. This TerraGreen Coin will stabilise and secure the system and provide benefits to the coin holders and investors. To support new projects investors have to invest via this platform coin, raising the coin value in the exchange in return.
