GREENEUM is creating the most advanced network in the world to encourage the production, distribution, and consumption of GREEN , renewable, sustainable energy including solar, wind, hydro, and thermal.
The GREENEUM Network uniquely measures, verifies and incentivizes efficient and eco-friendly behavior throughout the entire supply chain to benefit present and future generations.
GREENEUM Global Energy Networks (GREENEUM) is designed to leverage targeted Artificial Intelligence (AI), blockchain technology, IoT and smart contracts. Our vision is to create and grow a decentralized and sustainable energy market that enables smart monetization for real time peer-to-peer (P2P) energy and data transactions. Utility companies, grid operators, and users alike can obtain real time energy tracking while global trade markets will benefit from accurate and real time data.
Integration of GREENEUM targeted AI and machine learning technology will enable a next generation of smart predictions, insights, and forecasts across the global energy market. Stakeholders in the energy ecosystem will be able to drive operational efficiencies, save millions and create a positive impact on the global renewable energy marketplace.
GREENEUM is characterized by a range of new technologies that are merging the physical, digital, and financial worlds challenging ideas about the essence of sustainable human co-existence on this planet.
US Energy Generation Capacity
In the graph below we see the exponential growth of the US solar installations, utilities making up the largest portion with the residential market almost doubling every year. This is pushing the traditional players to reinvent their business models and search for new revenue streams throughout the whole energy ecosystem5
GREENEUM will seek to partner with both the centralized utility models and the decentralized residential solar providers to support the GREEN energy ecosystem.
Decentralized Energy Market
The energy market is undergoing a transformation from a centralized approach to a decentralized model. This transformation has occurred due to the need for sustainable energy sources and the growth of small distributed producers of renewable energy. Currently energy companies lack the holistic technology and the real time information that the GREENEUM network will provide. The current integration of the distributed production into the market for energy is insufficient, creating large losses in all parts of the energy chain. The GREENEUM Network provides real-time renewable energy predictions and insights to the energy marketplace, allowing stakeholders to optimize their energy management.
GREENEUM’s AI/Machine learning algorithms analyze and color energy transactions GREEN and non-GREEN certificates represent validated renewable energy data and available energy in the local grid. In addition, The GREENEUM AI platform provides insights and accurate predictions. This allows the balancing energy supply and demand and therefore results in the whole energy network (energy production, consumption, transmission distribution and storage) optimization.
• GREENEUM’s blockchain and smart contract technology is used to record (meta-data), validate and trade energy production and consumption.
• GREEN token, a newly introduced cryptocurrency monetizing energy transactions, based on Ethereum (ERC20) GREENEUM token, GREEN , an ERC20 utility token, will be used for monetization of the GREENEUM Network. The utility token is a tool to incentivise the energy ecosystem towards a more efficient, profitable, and GREEN behavior.
GREENEUM Energy Trading System
Energy Trading on the GREENEUM system takes place on the electrical grid as well as the GREENEUM blockchain network. Electrical data is transmitted through a validation process, where the energy is profiled and verified. The system runs periodic calculations of production and consumption on the grid and allows consumers to interact directly with each other. Producers of GREEN energy are rewarded with GREEN certificates and GREENEUM tokens. Consumers use GREENEUM colored tokens (GREEN certificates) for energy consumption. They buy them from the producers and accumulate GREENEUM Carbon Credits for their consumption of GREEN energy.
Proof of Stake Consensus
Implementing an alternative mechanism, such as Proof-of-Stake, saves massive loads of energy consumption and migrates from meritocracy-based work model to an modern equity model similar to ownership rights by wealth and age. In fact, by entering time factor into the equation Proof-of-Stake we create PoST (Proof-of-Stake-Time.)
It is said that Bitcoin mining could consume as much electricity as Denmark, or at least enough to power a small town, depending on the rate of network size growth rate and type of consensus model. PoST blockchain securitization is an efficient low carbon footprint process that helps save electricity usage by 97-99% than compared to simple Proof-of-Work alone.
GREENEUM’s long term road map is to build a Data Layer in the architecture to incorporate the Proof-of-Stake consensus model — because it requires a complicated validation mechanism which is solved by AI. Then the IoT integration with the Data Layer would incorporate the delegation process along with the time component for a Proof-of-Stake-Time consensus model. The stakeholders in the market are a vital part for the validation of the architecture solution design who help save time and distribute rewards.
GREENEUM plans to launch the platform followed by an initial token offering process (ICO). Contributors can purchase GREENEUM tokens and support the development and deployment of GREENEUM platform. The details about the ICO tokens distribution and funds usage is detailed in this chapter.
GREENEUM will issue GREEN tokens. A complete listing of the token allocation will be publicly available very soon.
GREENEUM will be an Ethereum-based token of utility and value. Tokens are a digital asset, bearing value by themselves based on their underlying assets, properties and/or rights. GREEN tokens are used to get access to the GREENEUM platform and purchase different services such as energy management, forecasting system, CO2 credits, GREEN certificates, etc. The token will allow global distributed trade for all energy stakeholders and will incentive the transition to renewable energy.