Blockchain Technology for Clean Engergy

By: Issuewire

Washington, D.C, Sep 25, 2020 (Issuewire.com) - My colleagues and I have a product that we would like to make publicly known all over the world. We would like to introduce the world to the Candela Coin. Candela is an innovative new project. We are decentralizing solar energy and building software that utilizes blockchain technology for peer-to-peer energy transfer and the democratization of energy.

The age of transactive energy in the sharing economy is upon us, and its widespread adoption depends on a secure and robust means for rewarding participation. Digitization is coming to the energy industry as many key networks, sensor, computing and communication technologies make it possible to drive decentralization of the electric grid and energy market. Tokenization will play a vital role in securely exchanging grid edge data between users and devices, safely opening up the electric power market to broad participation. Peer-to-peer exchange of energy is upon us!

People across the globe will be able to transfer solar energy to others in their communities using candela coin as a medium of exchange. The blockchain-based peer-to-peer transfer allows users to buy, sell, or store solar power allowing energy to be more accessible and sustainable for the world. Our vision is to decentralize and democratize the consumption, transfer, and production of solar energy. With Candela coin, we remove the need for large monopolies and power companies that control the price and supply of the power we rely on, putting the power back in the hands of we the people.

All across the world, the new energy consumer wants comfort, security, a more engaging relationship, and a promising future for energy production. A democratized energy marketplace is the only way to achieve this promise, and the Candela Coin team has developed a key piece of this paradigm shift. With Candela Coin, we are reimagining the customer's role in, and access to, increasingly open and competitive solar electricity markets. The energy market is currently facing challenges with its centralized conventional power stations and grid that require high costs to maintain. This means higher costs for the consumer. The existing electricity and power model will not be able to keep up with the increasing electricity demand with its centralized grid and infrastructure. Costs will rise dramatically. Consumption is expected to more than double by 2050. A paradigm shift is necessary. A shift to decentralized solar-powered microgrids made up of people is what we are building. We want communities to create their own decentralized solar energy. Blockchain technology can benefit and accelerate the shift to solar energy. It fits perfectly into the renewable energy sector because it allows direct peer-to-peer transactions between users and offers transparency and local energy self-sustainability. This project aims to create truly decentralized solar energy across the globe made up of we the people, instead of the power companies or middlemen. This will allow peer to peer production and transfer of solar energy. Utilizing blockchain technology allows us to create seamless

production and peer to peer transfer of solar energy. We share many things with those in our community. There are constant exchange and interaction with those around us. The one thing we haven't been able to share is the very thing needed to make any of it happen: Energy. This will reduce disruptions caused by incidents hundreds of miles away such as hurricanes and leave you unaffected.

Please Visit Us At https://www.candelacoin.com/

Media Contact

Candela Coin


James.P.Hayes1138@gmail.com

5712016188

https://www.candelacoin.com/

Source :Candela Coin

This article was originally published by IssueWire. Read the original article here.

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