Greeneum, which provides a decentralized data network for sustainable energy, has announced the upcoming launch of its blockchain-based platform, Greeneum Network. Greeneum leverages blockchain, smart contracts, targeted artificial intelligence (AI) and machine learning technologies to enable a decentralized peer-to-peer trading, provide analytics and predictive insights on the energy lifecycle, and incentivise the production and consumption of energy from renewable sources. It is developed by the team behind the renewable energy currency, SolarCoin.
The Greeneum Network pools together energy producers, utilities, grid operators, energy traders, and consumers onto one platform to allow users to trade energy and data directly with one another. Greeneum targeted AI is capable of identifying, validating and predicting the production of renewable energy resources globally to enable and track increased efficiency, whilst encouraging, validating, and rewarding the generation and use of renewable energy. Greeneum users can monitor real-time energy usage, and use the data to create more accurate predictions and optimisation recommendations.