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WePower launches blockchain-powered green energy platform
Written By: Jen Neville
August 8, 2017
WePower has recently announced it will accept registrations for their fundraiser as the company prepares for its official launch.
According to WePower, the pre-launch fundraiser is structured as a reward-based crowdfunding campaign, where contributors will receive WePower tokens in return for their Ethereum contributions.
The company revealed that they plan to develop a distributed clean energy network based on blockchain and smart contract technologies which would accelerate the shift from centralized dirty energy to local, distributed clean energy.
The platform connects existing and new renewable energy producers with companies and people willing to switch to clean energy and invest in a 100% renewable future. With the help of blockchain and smart contracts, the platform solves multiple major problems of energy sector at once: It claims to bring transparency to the amount of green energy produced, consumed, and how much CO2 emission was reduced.
It was revealed that energy developers cut intermediary commission fees or raise less expensive funds for new projects by selling future energy at today's price leading to consumers benefiting from the cheaper future energy and participation in CO2 or other green energy certificate markets.