Tuesday, February 12, 2019

TerraGreen - Blockchain Based Renewable Energy Platform







Review

Many people now realize the need to embrace energy generation through renewable energy resources. However, the current market scenario does not allow the rapid growth of the renewable energy industry, mainly due to bottlenecks in the financial sector. TerraGreen Coin is a unique blockchain that attempts to manage micro-waste biomass from agriculture and the forestry sector and their efficient conversion into renewable energy products. With TerraGreen Coin, consumers can directly participate in biomass waste management and production of renewable energy products, which in return support the green energy of the revolution. TerraGreen is basically a decentralized autonomous organization that is regulated independently based on predetermined instructions in the form of smart contracts.

Well, here TerraGreen has a goal to create decentralized global biomass waste management, especially in the agriculture & plantation sectors. The creation of such networks will enable the widespread deployment of extensive energy infrastructure, which will provide the necessary impetus for proper management of biomass waste. TerraGreen's mission is to change the way waste is felt by industry and prove it as the largest untapped resource available to humanity. TerraGreen seeks to implement a monetary incentive mechanism, where people are valued for participating directly in converting biomass waste into renewable energy products. TerraGreen aims to cut current problems about the lack of access to advanced technology and capital for biomass-based renewable energy producers, and to provide access to profitable projects directly to consumers. This is done by the use of blockchain technology and renewable energy that is supported by existing and new biomass waste management companies that will be provided with a complete business plan including innovative technology and process solutions with the use of locally produced biomass waste. TerraGreen's advanced technology and processes are based on technically optimized and cost-effective solutions to convert biomass waste into high-value energy products.


Digital TerraGreen Currency, also called TerraGreen Coin will be developed for globally distributed and self-owned trading platforms and international financial systems, inspired by Bitcoin decentralized digital currencies that are secured and supported by smart energy renewable contract energy. At the global level, Terra Green Coin allows anyone to invest in the energy sector by buying currency and fashion to increase its value in the market. In the long term, the industry can even offer discounts for environmentally friendly products and services purchased with TerraGreen Coin and thereby increase the renewable energy economy.

TerraGreen's latest energy business will begin in Southeast Asia. This is because of the unique regulatory framework in Indonesia in the form of feed-in-tariff (FiT) provided by most ASEAN countries. By guaranteeing access to the network and setting favorable prices per unit of renewable energy, the FiT mechanism will ensure that renewable energy becomes a viable and healthy long-term investment for companies and industries. There is already a memorandum of understanding signed by the ASEAN energy ministers in 2007 covering the establishment of the ASEAN power lattice. The ongoing and proposed electricity network interconnection project is shown in Figure 3. The aim of this project is to connect ASEAN countries to promote trade in forces and exchanges throughout Southeast Asia.

To build this platform and scale to the planned level, it is planned to launch this project efficiently with a minimum target of 5 million USD. The main objective of the TerraGreen platform is to develop renewable energy ecosystems that use blockchain technology to send and exchange green energy without trusted central or third party authorities controlling the platform. Therefore, this gives the possibility for individuals and / or investors to own and control their future energy use. In addition, the TerraGreen Platform allows money from energy-related work. The tokenization of renewable energy production makes TerraGreen tokens a viable choice as digital currency as defined by DeKo's thesis. TerraGreen tokens are produced by renewable energy producers and thus sell these tokens on the TerraGreen platform.

Conclusion


TerraGreen Coin is a unique blockchain powered effort to manage microass biomass from agriculture and the agricultural sector and their efficient conversion into renewable energy products. TerraGreen has a goal of making decentralized global biomass waste management, especially in the agriculture & plantation sectors. The creation of such a network would enable the widespread deployment of a broad energy infrastructure, which would provide the support needed for the management of biomass waste. TerraGreen's mission is to change the way waste is accepted by industry and prove it to be the greatest that does not use the resources available to mankind. Terra Green Coin gives anyone to invest in the energy sector by buying currencies and the mode of increasing market value. In the long term, the industry can even offer discounts for environmentally friendly products and services purchased with TerraGreen Coin and thereby increase the economy of renewable energy.

Details Info:

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TGN Address : 034fe49238ea19ed9d1204a7ffaab9b6

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