Introduction of Energy Eco Chain
Energy Eco Chain (EEC) Foundation was established in Singapore in 2017 and backed by a team of entrepreneurs and technology experts experienced in energy, finance sectors and involved in blockchain technology development.
We provide a platform for energy supply chain finance, and payment/settlement services for decentralized energy product trading. Energy Eco Chain aims to develop the following applications:
Energy Supply Chain Finance
Large amount of intermediary costs generated in the circulation of energy products. Energy Eco Chain solves the inefficiencies by deploying consortium blockchains to entities in energy supply chain, applying shared ledgers among public and consortium chains to optimize the process.
Digitalized Energy Products Trading
Energy products are digitalized into digital assets in Energy Eco Chain, and publicly traded in a more convenient, effective, faster way. A new generation of ‘Chicago Mercantile Exchange’ in energy industry will be built on top of the Energy Eco Chain.
Payment and Settlement for Smart Grid
Electricity is the most common form of energy. Smart grid technologies make production-consumption-matching more efficient especially under the environment of cross-regional power trade liberalization. Energy Eco Chain creates a more stable and swift payment/settlement solution to all participants including producers and consumers. Access to lower price of electricity becomes possible.
Energy Eco Chain is built using a framework of many chains, and will be equipped with the benefits of both public and consortium chains, retaining the characteristics of public chains on the main chain framework while supporting the logic of consortium chains on secondary chains, hence realizing a “modularized plug-in”.
Our team members consist of energy industry experts in construction and operation of gas fired, hydro and wind power plants, experts in energy application sectors including smart grid, automation of electric power system and etc., advisers for organizations with clean energy related technology, financial experts who previously worked for big 4 accounting firm and advised in the acquisition of oil and gas assets.
