GREENEUM
GREENEUM NETWORK
Why Greeneum?
Energy demand is rapidly growing worldwide in reaction to population, transportation, and economic production changes. This demand surge creates increasing pollution levels of carbon dioxide (CO2) in the atmosphere and threatens our entire ecosystem. The World Bank report claims that air pollution creates health repercussions and costs trillions of dollars annually.
Greeneum utilizes blockchain and customized AI in order to provide a proprietary solution for optimizing the energy management for microgrids. Its customized AI algorithms generate precise energy demand predictions that allow microgrid operators to balance energy supply and demand. All the while the energy network operates in a trustless and distributed manner using blockchain technology to eradicate the disparities, uneven distribution, supply-demand gaps, and more energy sector problems in developing countries.
Blockchain-based smart contracts, coupled with energy and environmental data management systems are the newest solutions to accelerate the transition towards a low carbon global economy. The next generation of blockchain technology offers smart P2P valid interactions, smart contracts, IoT, targeted machine learning, and artificial intelligence algorithms.
Greeneum Vision & Solution
Vision: Greeneum envisions creating a GREEN energy market that is smart and efficient. Following the vision, Greeneum is building financial assets and technologies that will make it easy to exchange values of renewable energy. Additionally, it will support investment through traceable, secured and clear measures in renewable energy similar to the oil markets.
Solution: By building a unique multi-chain architecture, Greeneum delivers a market-ready solution for GREEN energy markets. The platform comprises three parallel and interconnected systems. And these render the Greeneum platform capable of managing global and local levels of data and energy and monetizing them in a GREEN energy market.
The platform consists of three parallel and connected systems
Greeneum Global Data system
The data system is global and operates on the Greeneum blockchain network. The system records validations on the blockchain. The validated data goes to AI processing to generate predictions and insights. If a producer of GREEN energy sends valid data to the system, they will receive a GREEN Certificate for clean energy production. GREEN certificates can be used to convert to Greeneum tokens in the Greeneum Energy Trading System. Carbon Credits and GREEN Certificates will be validated, monetized, and globally traded.
The Greeneum Energy Trading System
Energy trading on the Greeneum system takes place on the electrical grid as well as the Greeneum blockchain network. Electrical data is transmitted through a validation process, where the energy is profiled and verified. The system runs periodic calculations of production and consumption on the grid and allows consumers to interact directly with each other. Producers of GREEN energy are rewarded with GREEN certificates and Greeneum tokens. Consumers use Greeneum colored tokens (GREEN certificates) for energy consumption. They buy them from the producers and accumulate Greeneum Carbon Credits for their consumption of GREEN energy.
Monetization of Data and Energy
GREEN token, a newly introduced cryptocurrency monetizing energy transactions, based on Ethereum (ERC20) Greeneum token, GREEN, an ERC20 utility token, will be used for monetization of energy across the Greeneum Network. The utility token is a tool to incentivize the energy ecosystem towards a more efficient, profitable, and GREEN behavior.
Greeneum Token (GREEN): Greeneum ERC20 utility token called GREEN is an Ethereum token used as the network token for various transactions in the Greeneum marketplace. GREEN is used for a global monetization of Greeneum Energy Trading and the Greeneum Global Data Systems.
Greeneum Ecosystem: System of users, providers, consumers, investors and any other entity interacting with the Greeneum Network.
Greeneum Energy Network: An energy network is a system that utilizes energy effectively by controlling a large number of energy supply and demand facilities of various types by using a communication network.
Greeneum Foundation: Foundation to assist in the continuous development and growth of the Greeneum Ecosystem, funded through the Greeneum token.
The Foundation uses the Green Fund to help companies, organizations, solar and green energy projects, and city planners get access to the funds required to showcase their innovations.
Green Fund: A funding arranged by Greeneum to help various prosumers work on initiating and building new clean energy projects. The projects are funded through two different methods- crowd donations for social & environmental projects and crowd investments for private clean energy projects.
Greeneum Network: The Greeneum Blockchain network connects consumers, producers, traders, utility companies, investors, and other stakeholders on a global platform. They can interact freely on the secure platform which helps in increasing and strengthening the trust and transparency between all stakeholders. The network emphasizes transparency in recording, distributing, and using green energy
Greeneum Certificate: Greeneum certificates are nonfungible token (NFT) tokens are issued using the Proof-of-Energy-Transaction algorithm after produced energy is validated (amount type: GREEN or non-GREEN, etc.). They describe the energy source, amount, and corresponding Greeneum Carbon Credits. In the energy trading flow, they are sold to the consumers, who are granted the carbon credits. In the data flow, they are given to the producers and they can sell them freely on the global market. The certificates can be used for balancing supply and demand and for energy management of electrical grids
GREEN token holders are able to purchase additional AI and energy management services, this process allows for a greater balance of supply and demand in order to optimize energy assets and electricity networks. Greeneum will develop interfaces for external AI providers to improve energy management and network efficiency
Conclusion
Greeneum is a distributed and decentralized platform that contains different services for energy market stakeholders worldwide. Greeneum leverages cutting-edge disruptive technology, including blockchain and machine learning, to create an unparalleled reliable, comprehensive, and potentially unlimited data and energy trading platform. Greeneum technology is powering the energy market’s transition from a centralized and non-renewable approach to a distributed and sustainable model which will allow for continued economic and technological growth.
#solarenergy #GreenNewDeal #GreenRecovery #blockchain #Greeneum
TOKEN DETAILS
Token name : GREEN
Total Supply : 1 Billion
TOKEN TYPE : ERC-20
Already Trading on Exchange:
Conclusion
GREENEUM has a global GREEN community that is acting to create a clean energy market, a global GREEN community, a global energy data platform, energy market distribution and democracy energy security and pseudonymity. Ultimately, through the GREENEUM platform, stakeholders in the energy marketplace will be able to drive efficiencies, save millions and impact the global renewable energy marketplace.
For more detailed information, please contact the link below:
Website: https://www.greeneum.net/
WhitePaper: https://www.greeneum.net/whitepaper
Twitter: https://www.greeneum.net/whitepaper
Facebook: https://www.facebook.com/groups/GreeneumNetwork/
Exchange: https://www.probit.com/app/exchange/GREEN-USDT/
Telegram Group: https://t.me/GreeneumNetwork/
Telegram Channel: https://t.me/GreeneumNetworkChannel
AUTHOR:
Bitcointalk Username:Dragonbal58
Telegram Username:@Dragonbal58
BitcointlkProfile Link:https://bitcointalk.org/index.php?action=profile;u=2433951
ERC20 Wallet:0xfc8C7417f2D808077cbBBF7B4f62A104b7603B57
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