Solving the current barriers facing the renewable energy sector through data consolidation

With the ever pressing needs for cleaner modes of energy usage, renewable energy continues to gain major traction in terms of implementation, investments, and innovation. Renewable energy such as solar, hydropower, and other forms of clean energy use provide solid advantages over traditional fossil fuels that have exacerbated climate change as well as other factors that have accelerated the rate of the planet’s gradual degradation.

Solar energy, in particular, has grown into a particularly capable sector through the use of panels and other technology that can capture the massive amounts of energy from the sun for use in a wide variety of structures, including homes.

In fact, the amount of solar energy that the earth’s surface receives is 10,000 times the annual fossil fuel demand worldwide. Harnessing this energy will go a long way towards minimizing the use of highly pollutive fossil fuels that are wreaking havoc on the planet and its resources.

A ripe opportunity

Decreasing prices on solar panel wattage along with rising electricity costs have presented an opportunity for more widespread adoption. It still remains an investment, but the long term benefits far outweigh the initial costs while also promoting the use of clean energy and the integrity of the planet.

Some of the current issues hampering its development are factors such as lack of solar industry expertise and potentially high costs. Not only that, but the lack of a steady source of consistent and widely applicable data forces costumers to have to rely on third-party sources.

With data distribution and security critical to taking the renewable energy sector to another level, REDI aims to do just that with their decentralized integrated data platform. This will help promote the quality and transparency of essential energy data that will help advance improving renewable energy technology to everyone in the world lacking the access and infrastructure to do so.

Data is the key

REDI’s integrated infranet will oversee the accurate collection and distribution of verified, legitimate data that can be studied and analyzed for further improvement and widespread utilization. Not only will it simplify effective data management, but it will also serve as a platform for industry experts and specialists from various fields to promote collaboration for even more rapid advancements in their respective sectors.

There are two types of data on REDI’s platform. Structured data includes information on specific output such as energy production, while unstructured data is related to technical specifications and other document-related information. All data will be strategically placed both off and on the chain for maximum security in order to accommodate the massive amounts of confidential information stored in the database.

Not only that, but data pertaining to different sectors such as construction, maintenance, and equipment related information is often segmented and difficult to access. REDI aims to construct a one-stop marketplace where people from all facets of renewable energy can gather to view and share critical data and other metrics to improve the entire industry as a whole.

The incentive system on REDI’s platform will promote activities primarily through Data Providers and Data Verifiers. Both will play a significant role in maintaining the ecosystem while earning rewards such as tokens to the growth of accurate and verified data for all to access.

The collection of market data from various stakeholders will also paint a clearer picture of market direction and trends, which will also help when it comes down to making critical business-related decisions.

REDI provides a fully scalable method of trading renewable energy-related information to different parts of the industry to ensure that everyone is up to date on the latest data and that all necessary services are available to consumers of all types.

A highly anticipated opportunity to invest in REDI will be available here: https://www.probit.com/en-us/ieo