Greeneum Wants to Issue Tokens to Trade in Energy
The starting point is the increased emergence of technologies for the production, storage and transmission of renewable energies and their promotion by the public sector of many industrial nations. Since the nuclear reactor disaster in Fukushima in 2011, a lot has changed in the German legislation on renewable energies. As a result, increasing the green share of our energy use is steadily increasing.
In contrast to conventional forms of energy production, such as coal or nuclear energy, the production of renewable energy is more dependent on external factors such as wind and light and thus less reliable. This can lead to temporary bottlenecks in the energy supply. Greeneum now wants to counter this problem with a solution. The Greeneum Network uses blockchain technology, smart contracts and artificial intelligence to help energy supply chains create, store and trade (green) energy and related data more reliably. Greeneum's algorithms are used to provide real-time forecasts of energy demand in the market, making energy management easier for producers and consumers.
Greeneum has joined forces to accelerate its goal and monetize the Greeneum Network determined to create his own token: the Greeneum Coin. The token is intended to finance the production, storage, transmission and peer-to-peer trading of energy within the network. Greeneum Network's blockchain-based database enables the exchange of energy data with GREENEUM Tokens. The energy trading system is directly connected to a local power grid to allow P2P energy trading.
The Greeneum Coin ICO will kick off on 15 September, offering potential investors until 15 November to acquire tokens.
Our interview with Greeneum's co-founder, Assaf Ben-Or, can be found here, at that time in conjunction with the predecessor SolarChange project in the Bitcoin in Europe reportage series in Prague.