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Technology blockchain is currently used in many industries. It was only a matter of time before it could be used in renewable energy sources, which appear to be the future of the energy industry. Chain4energy is the first blockchain related to RES.

The potential of blockchain technology

In a large generalization, blockchain technology can be defined as a decentralized, encrypted digital ledger, the task of which is to store and transmit data about transactions in the network.

Such a register is very helpful in accounting for transactions and tracking assets in the business space. That is why more and more companies representing various industries are turning to blockchain technology.

Blockchain can be successfully used in the process of handling various types of transactions, excluding the need to involve public trust institutions. This technology is used in many areas of activity.

Now is the time for the energy industry. Its representatives noticed that blockchain would be perfect for settling transactions carried out by smaller energy producers.

Chain4energy project divided into three stages of development

Network Chain4energy was established to support the energy industry. In order to provide effective solutions for energy management based on blockchain technology, cooperation with the company has been established Hymon.

The solutions in question include solar panels, PV system monitoring as well as renewable energy certification.

The project was divided into three stages.

At the first stage, a platform for servicing Hymon's customers will be created. It will be used to conclude and settle contracts and to archive transactions. It will also provide the possibility of automating processes in accordance with applicable regulations, as well as testing the production, consumption and storage of energy from renewable sources.

During the second step, a network called Blockchain proof of Green Energy. Thanks to it, it will be possible to carry out tokenization energy production, building energy communities and financing renewable energy infrastructure. The tokens can be used, for example, when charging electric cars.

In the third stage, the Chain4energy network will cover the entire Blockchain proof of Green Energy ecosystem. This will allow you to handle the wallet for energy tokens and allow you to earn on kryptowalutach.

Benefits for energy producers

The assumption of the Chain4energy project is to reward green energy producers and at the same time provide support for small producers. Among them there are, among others owners of PV, solar farms and warehouses. This is to disseminate RES. which in turn will benefit the environment.

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