Renewable Energy chain (REC)

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Renewable Energy chain (REC)

(Open Source Decentralized Blockchain Platform )

 During the past decade, Blockchain, Artificial Intelligence, Cryptocurrency Mining and High Performance Computing have emerged as major users of electricity and processing power.

Blockchain is a decentralized ledger technology. When applied to the energy sector, it will enable people to trade energy among themselves. allows the exchange of money with its peer to peer platform, blockchain will enable a fundamental shift in the distribution of energy. and  also blockchain could play a key role in speeding up the renewable energy transition this shift will stimulate more renewable energy projects as a whole, ultimately forwarding our transition from carbon-emitting electricity generation. Tokenizing renewable energy allows wind, solar and hydro producers to seamlessly connect with investors, who are willing to pay upfront for the right to consume renewable energy. As a distributed system, the middleman is removed

 about solution

 Renewable Energy Chain (REC) is s Application of Blockchain Technology in Sustainable Energy Systems to provide a multifaceted solution that addresses the needs and requirements of these diverse communities

 Renewable Energy Chain (REC) system  producers no matter how large or small to sell their excess power in a competitive market place enables a smart distributed grid, and provides value by saving costs on transmission infrastructure, wasted power, price fixing and a grid more resilient to outages.will be execute in several phases,Renewable Energy Chain (REC)  provides solutions to the power problems of the blockchain community in several different aspects.

 Through Renewable Energy Chain (REC) blockchain can help reduce soft costs associated with community solar projects Using smart contracts , Blockchain can also help on the revenue side we believe blockchain has the potential to play a critical role in transforming energy markets.Renewable Energy Chain (REC) help Accelerate the transfer process  by Blockchain secured by computer

 The growing use of small renewable energy installations, such as rooftop solar panels or ground mount panel, can create stress on electricity grids that were designed with large, centralised power plants in mind. By Renewable Energy Chain (REC) allowing peer-to-peer energy by blockchain  aiding this decentralisation.

 Our homes use energy from the grid, we pay our bill, and the cycle continues. Today, those who have rooftop solar have a slightly more reciprocal energy relationship. Excess energy produced by solar panels is sold back to the utility. Yet even this two-sided relationship is pretty dated and inefficient.

Renewable Energy Chain (REC) blockchain we may soon have more control over how our homes consume energy to begin with. 

 Renewable Energy Chain (REC) Blockchain is a decentralized ledger technology. When applied to the energy sector, it will enable people to trade energy among themselves. allows the exchange of money with its peer to peer platform, blockchain will enable a fundamental shift in the distribution of energy. 

 Renewable Energy Chain (REC) by Blockchain will stimulate more renewable energy projects as a whole, ultimately forwarding our transition from carbon-emitting electricity generation. Tokenizing renewable energy allows wind, solar and hydro producers to seamlessly connect with investors, who are willing to pay upfront for the right to consume renewable energy. As a distributed system, the middleman is removed.

  In this project by Renewable Energy Chain (REC) by Blockchain , solar panels are installed on twenty buildings for example. All unused energy is sold to neighboring buildings. While all the buildings are still connected to the grid, transactions are managed and stored on a blockchain. Through smart meter technology and blockchain software, transactions are easily made from neighbor to neighbor. This project is proving out the concept that blockchain can create a local community market for renewable energy.

Blockchain also allows producers to raise capital by issuing their own energy tokens. Investors can either consume this energy, or resell it when it is closer to being produced. The end result is a multidimensional platform that has the potential to create a smarter

 Renewable Energy Chain (REC) by Blockchain will play a role in helping people manage their energy smarter.

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