The Adoption of a TerraGreen Blockchain Model

The general idea behind TerraGreen blockchain technology is to allow decentralization and build security. In technical terms, TerraGreen blockchain can be described as a shared, replicated ledger system that is distributed across all members of a network through peer-to-peer technology. The advantages of TerraGreen blockchain is increasing trust and minimization of time for a process to take place. Moreover, it also removes cost overheads and intermediaries.

The adoption of TerraGreen blockchain in an energy marketplace allows people to buy and sell energy among consumers. This eliminates the need for third parties. Not only it supports the idea to build peer-based energy and electricity markets but also it allows payments using cryptocurrencies. But by blockchain technology, a transparent exchange can also take place without cryptocurrencies. This also put forward the idea of dynamically adjusting electricity rates based on demand and availability- a predictable implementation using machine learning technologies.