Greeneum Global Energy Network Review

Greeneum Global Energy Network Review | Ecency

What About Greeneum Token:

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 the 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.

How do these systems work together?
To achieve the mission of building a smart and efficient GREEN energy market, Greeneum
needs the two parallel data and energy systems to operate on top-notch technology. Here is
how it makes the GREEN energy market smart and efficient:
Energy Validation and Profiling
Solar PET (Proof-of-energy-transaction) acts as a bridge between secure solar energy systems
and Greeneum Network. These use real-time algorithms and proprietary automated
Proof-of-Energy-Transaction Procedures.
The advanced "Proof-of-Green “protocol manages and processes data. This protocol profiles
and validates energy production for existing sustainable power-production systems.

Energy Market - Current State and Needs:
Historically, a centralized approach has been used for energy production, transmission,
distribution, and consumption. Utility companies, grid operators, infrastructure stakeholders
on local and national levels produce or purchase distributed and controlled energy. Users
such as households and businesses have little, if any choice in this cycle.
Regulators and state agencies interface with these infrastructure agents to establish and
regulate processes, service levels, and sometimes pricing, but this model lacks
transparency with end consumers.
As per a market energy analysis conducted by the International Energy Agency in 2019,
one of the key strategic priorities for energy leaders is to move the market designs
towards decentralization.
The energy market has remained mostly analog and highly commoditized. Service providers
bring little added value for their users. Additionally, inefficient energy distribution and low
resolution forecasting leads to large losses of potential revenue and inefficient transfer of
energy. A significant portion of a consumer’s energy bill is attributed to transmission and
administrative costs. Furthermore, energy trading is limited to a known group of players that
control the majority of the trade and distribution data.
Today, energy has become a global issue. In the last decade though, renewable energy has
gained momentum and legitimacy and it has reached a paradigm shift. It is also becoming more
common that communities are voicing concerns related to governance, compliance, and
transparency of the energy market.
According to the data collected by the U.S. Energy Information Administration, since 1950 to
2019, there has been a major shift from non-renewable resources to renewable resources for
energy generation.

Greeneum Vision & Solution:
Our 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.
The 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.

Greeneum System:

Greeneum Global Data system
Greeneum Energy Trading system
GREEN Global Monetization System

Greeneum Global Data system:
The Greeneum data system is a global system which does not involve the local electrical grid or
utilities. The Greeneum Data Bounties are rewards granted to any entity on the Blockchain in
return for sending data for validation. It consists of the following elements:
The Greeneum Global Data System is a global network that records and validates meta-data on
the blockchain network. The validated data is processed using advanced AI to provide insights
and predictions. After validation of data, the producers of green energy on the network will be
provided with GREENUEM certificates which have the corresponding Carbon Credits associated
with them. The producers can sell these certificates in the marketplace and buy GREEN Tokens
to make other purchases.

Greeneum Network AI:
Greeneum Network AI is a part of the Greeneum network that uses advanced AI technology
that helps green energy producers to balance between the demand and supply of energy
while enabling the optimization of production, consumption, distribution, storage, and
transmission of energy.
AI and Machine Learning are used to predict energy production and consumption patterns. In
this model producers of energy are able to purchase intelligent analytics pertaining to energy
usage. Producers and consumers can use the energy management tool to optimize their
consumption behavior.

Benefits of Greeneum Certificates on the Blockchain:
Greeneum provides globally accepted GREEN certificates to producers and prosumers who
focus on generating clean and green energy from alternative and renewable sources. The
blockchain technology used by Greeneum coupled with advanced AI machine learning
algorithms allows prosumers to connect their systems with the network so that the validation
of energy produced is automated. Certificates are generated automatically once the predefined
amount of energy is generated.
Transparency is one of the biggest benefits of using a blockchain network.
The ability to trace the certificates, the green energy generated, etc. is another
advantage.
Data security is taken care of by the system. Every transaction is recorded for future
reference and is kept secure from a data breach.
It takes less time to provide GREEN certificates as the entire process of collection and
validation is automated.
The cost of maintaining and managing the network is reduced. The producers, consumers,
and investors can save money.
The data in the system cannot be tampered with or altered in any manner.
The platform is flexible, scalable, reliable, and trustworthy, apart from being user-friendly
and cost-effective.
Easy to validate if the energy produced is from renewable sources or not.
It helps in connecting producers to consumers and vice versa.
It helps in bringing more investors for green energy projects.
The certificates can be sold or exchanged for GREEN tokens in the marketplace to buy
other energy products and resources.
The GREEN tokens are built on the EOS platform which is a Delegated Proof of Stake
(DPoS) protocol.

TOKEN DETAILS:

Token name GREEN
Total Supply 1 Billion
TOKEN TYPE ERC-20

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.

Author:
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