blockchain applications

In addition to the ideals of “energy data as a service” and data-based economy of renewable energy, we incorporated blockchain-based features within various aspects of our current service offerings. As modern power grids open new modes of communication and interaction between increasingly diverse and numerous market participants and utility devices, blockchain is a key medium to ensure data ownership, historical data management, and resistance to increased risk of cyberattacks. But more importantly REDI tokens are utilized to incentivize users to share verifiable data and information in light of transparency, for record-keeping of data and its ownership, and information verification and legitimization. All these processes are subtle impact factors ensuring trust in the renewable energy ecosystem, and allowing surplus of integrated data and information to be readily accessible to the public.

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