Project Overview
The Power Ledger platform is an ecosystem that enables interoperability between diverse market management and pricing mechanisms and token systems. It provides a transparent management framework that allows the global energy market to seamlessly connect with the Power Ledger ecosystem to benefit more consumers. This ecosystem is inclusive and extensible, and various existing or future applications can be accessed. It also takes into account regulation, which makes it highly flexible. It allows to redefine the relationship between the custodian of the application (such as power companies, retailers, property managers, etc.) and consumers.
Project Highlights
Power Ledger is the most important social foundation for the future development of the entire project vision. This means that the main body of energy production has begun to undergo substantial changes.
Because of the proliferation of rooftop solar and distributed energy storage, this self-sufficient electricity is cheaper, more reliable and greener. This also means that in the future, traditional power grids will face competition from distributed power grids. If they are not innovated in time, the grid may become outdated and eliminated. Power Ledger is smart, and its approach is to design a "decentralized" and "trustless" trading platform for the traditional power network.
The development of distributed energy means that two-way energy flow becomes possible. Although there are millions of individuals producing energy, there is still not enough motivation to contribute, because there is no good system to achieve value exchange. For example, when a family goes on vacation this month, the solar energy in the home can generate excess energy every day, but how does this energy enter the overall power grid, how can it be sold to other people in need, and how can it get a fair return? None of these currently have a clear solution. Power Ledger tries to solve this problem: by building a distributed electricity trading network, encourage more people to produce renewable energy, transfer energy into the network, and get a fair return.
Power Ledger wants to be a network that allows ordinary consumers to sell energy to others, and the transaction can be realized without any third-party intermediaries to join.
This can be compared to Airbnb or Uber, users generate green energy while generating surplus energy, and this energy can be shared through Power Ledger's distributed ledger technology to obtain economic returns.
