Power Ledger: One of the best Blockchain Application out there
A few days back I was having a beer with couple of friends, and the conversation soon turned towards future of Crypto currency and Blockchain. I asked one of my friend, “If you had to invest in a Blockchain application not for immediate returns, nor for short term monterey gains but for the technology and the impact it will have on the future, whom would you invest on?”. And without a second thought he replied “Hands down Power Ledger”.
I briefly knew what Power Ledger was doing, but I did not pay much attention to it until that conversation. And after researching more and more about the company, I am sold. The company is the future. A few years down the line the big multi national energy companies of today won’t be that powerful. In the future, thanks to Power Ledger, any individual could start their own energy business. Nuclear power plants won’t be needed to generate energy. We will be looking at cleaner more energy efficient planet.
What is Power Ledger?
“Okay Ishan, enough praising Power Ledger, what the heck is it anyway?”.
Power Ledger, is a Peer to Peer energy sharing company started by, Dr. Jemma Green, David Martin, John Bulich, Dr Govert Van Ech and Jenni Conroy. It uses Blockchain, to keep a record of all the transaction ( in this case energy share ) taken place. Energy is shared using a specialized energy token called as Sparkz.
So what, what makes them different from other P2P energy lending companies out there?
Well, unlike other P2P energy lending company, Power Ledger has a workable demo, which they have tested on a small scale. And it worked perfectly.
- It’s currently being used to create Microgrids for small communities.
- Village – to – Village Energy trading is taking place in villages in India.
- Energy Asset Invesment: In the future an individual can invest in Renwable energy assets.
Sounds great on paper. How will they manage it?
Power Ledger has already partnered with Coorperations and Government alike to push themselves forward. Here are a few updates from them:
- Trials with Origin Energy in Australia.
- Partnering with Tech Mahindra on Microgrids
- Partnering with Thai Government, to bring Peer – to – Peer energy lending in Thailand.
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