blockchain: News of Powerledger (POWR) - July 2024 Price Update - 7.60% Breakout Crypto News and Analysis

Professional Author and Crypto Trader

Explore the Core.

Powerledger (POWR) is a technology company that builds software for distributed and decentralised energy markets for a sustainable future. A combination of both Energy and Decentralized Finance seems to be a very good combo. This has made it possible for them to enable the tracking and trading of energy on the Blockchain. They are currently in operation in more than 10 countries and have their headquarters located in Switzerland. Their token, $POWR, is an ERC-20 token, but they have their blockchain built on Solana.

Trade hard. Joy is coming

Explore the Core.

The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform, and will be able to be used to pay for transactions on the Powerledger blockchain in future. In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.

Explore the Core.

Problem Solved: Traditional Energy Grid Limitations: The current energy grid infrastructure often struggles to integrate and manage renewable energy sources due to their intermittent nature. Additionally, traditional energy trading can be opaque and lack real-time price visibility. Innovative Solutions: Blockchain-based Energy Trading Platform: Powerledger utilizes blockchain technology to create a secure and transparent platform for trading renewable energy. This platform facilitates peer-to-peer energy trading between producers and consumers. Smart Contracts for Automation: Powerledger leverages smart contracts to automate energy transactions based on pre-defined parameters. This eliminates the need for intermediaries and streamlines the trading process. Renewable Energy Certificates (RECs) Tracking: The platform tracks RECs, which represent the environmental attributes of renewable energy, using blockchain technology. This ensures the authenticity and traceability of RECs.

Explore the Core.

The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform, and will be able to be used to pay for transactions on the Powerledger blockchain in future. In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.

Spot the Main Event:

Powerledger and Energie Steiermark launch the first-of-its-kind #blockchain powered #EnergyTrading and #Monitoring solution across #Austria for households, municipalities, enterprises, and industrial customers. The smartCOMMUNITY platform was launched in July 2023 and enables residential household and business customers of Energie Steiermark to manage their surplus electricity generated from solar. The platform empowers prosumers to share their clean energy with family and friends and other consumers on the platform enabling them to procure renewable energy made in Austria at an optimum price. This summer, Energie Steiermark welcomes first municipalities, medium enterprises, and industrial customers to join the smartCOMMUNITY ecosystem.

To God be the Glory

Explore the Core.

The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform, and will be able to be used to pay for transactions on the Powerledger blockchain in future. In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.

Spot the Main Event:

Powerledger and Energie Steiermark launch the first of its kind blockchain-enabled energy trading solution across Austria. The smartCOMMUNITY platform was launched in July 2023 and enables residential household and business customers of Energie Steiermark to manage their surplus electricity generated from solar. The platform empowers prosumers to share their clean energy with family and friends and other consumers on the platform enabling them to procure renewable energy made in Austria at an optimum price. This summer, Energie Steiermark welcomes first municipalities, medium enterprises, and industrial customers to join the smartCOMMUNITY ecosystem.

Explore the Core.

Powerledger is a cryptocurrency-based energy trading platform. The founder built it on the Ethereum blockchain and a consortium blockchain developed by Powerledger. It enables individuals and businesses to track and exchange energy, flexibility services, and environmental commodities.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.