Plaza signs MOU to support Terawatt’s mission to light up the world with LED

Light-emitting diode (LED) proponent Terawatt and MerchantChain™ developer Plaza are “joining forces” and “pooling resources” in an agreement that leverages the strengths of both projects.

Terawatt CEO Evan William

Terawatt CEO Evan William said his project would use Plaza’s MerchantChain platform to “help drive LED sales, give users a wide selection of merchants to choose from, and make payments at lightning speed.”

In the meantime Mr William said the two projects would “market to each other’s communities and leverage each other’s platforms to increase global adoption of distributed ledger technologies”.
 
Commenting on his choice of Plaza and its fast and frictionless MerchantChain, Mr William said: “I like Plaza’s focus on technology, transaction speed, usability, and the team as well.

“Plaza’s CEO [Kevin Johnson] is a former US Marine Force Recon,” he added. “They are the elite of the elite and find solutions to impossible problems at breakneck speed in the field. That, combined with Kevin’s IT background over decades, makes me believe this project is 100% likely to be a huge success.”

Plaza CEO & Chief Architect Kevin Johnson

Plaza CEO & Chief Architect Mr Johnson said he was looking forward to working with Mr William and Terawatt, which he described as a “unique, turnkey, patent-pending, environment-friendly blockchain company that is helping to drive the mass adoption of LED lighting technology”.

“Their passion and singular focus on a specific problem and its solution is something that is perfectly supported by our technology platform,” Mr Johnson said. “We will take care of the technical side of things for them so that they can focus on their mission.”

Terawatt will create a deflationary decentralised autonomous organisation (DAO) funded by utility companies, LED sellers, businesses, token holders, and energy customers worldwide to promote LED upgrades and provide token incentives for individuals, businesses, and governments to upgrade to LEDs.

Unlike older blockchain technologies whose networks consume as much energy as small nation states, Plaza’s next-generation MerchantChain distributed ledger technology can be maintained by users’ mobile applications, desktop applications, as well ultra-low-powered IOT (internet of things) devices.

Terawatt’s token sale is live now at Terawattico.io/preico.
The PLAZA main sale is launching soon at Plaza.systems.

Mr Johnson has signed several presale deals with blockchain projects interested in collaborating on token sale marketing and ongoing sustainable business development.

“More such deals will be announced over the next several weeks,” he said.

Stay tuned to this channel and Plaza Talk on Telegram.

About Plaza

Plaza occupies the intersection of lifestyle and technology.

We are developing the Total bCommerce™ solution, which includes the fast and future-proof MerchantChain™ , the MerchantChain Transaction Coin Standard™, and the Freedom Lifestyle™.

MerchantChain is a blockchain-infused commerce (bCommerce) infrastructure upon which others can build decentralised applications

The MerchantChain Transaction Coin Standard provides valuation stability and certainty for everyday transactions.

Freedom Lifestyle is a suite of product search & payment tools that offer:

  • The ability to quickly and conveniently browse the best shopping deals across the whole internet, anytime, and from anywhere;
  • The privacy, savings, and security of cryptocurrency payments; and
  • The sensible flexibility to enjoy the products of any vendor using non-cash payment methods everyone is familiar with.

Follow the links below to find out more:

Website: plaza.systems

White Paper: plaza.systems/whitepaper

Yellow Paper: plaza.systems/yellowpaper

More news & opinion from Plaza: medium.com/plaza-systems