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TerraGreen based on the blockchain for the promotion of renewable energy in ASEAN

One of the main objectives based on the blockchain project TerraGreen is to promote effective trade and exchange of renewable energy in the ASEAN bloc by facilitating relationships and reduce the need for bureaucratic interventions. The most important condition for the creation and implementation of is “mass” tokenization, allowing for the commercialization of renewable energy sources. It will directly lead to the occurrence of this “licenzirovanie” energy in the supply chain of ASEAN and its interaction through the Internet of things.

Unit licenzirovanie energy will be cryptographically associated with the coin TerraGreen. This unique digital “energy resource” has the potential to create a revolutionary mechanism for micro-management of waste biomass from agriculture to forestry.

The unique position of renewable sources of energy ASEAN

The Association of South-East Asia is becoming an attractive market for the development of biomass as an energy source. A block of ten countries consisting of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam established in the late 1960-ies for the development of intergovernmental cooperation and socio-cultural integration is one of the hottest markets with huge potential for biomass energy. The Asia-Pacific region produces around 230 million tons per year of various types of waste such as agricultural waste, animal waste, agricultural waste, woody biomass, chemical and solid waste, and others. The ASEAN region is another major producer of wood and agricultural products in the processing industry leads to higher inventory balances.

Project status

Currently, large-scale identification of suitable units and networks for tokenization. TerraGreen has provided protection for several producers of renewable energy, and the total power generation is 100 MW from power plants running on biomass, covering the whole of the ASEAN bloc. At the moment, the sharing and energy trade is limited to localized regional networks, mainly due to the lack of stimulated exchanges with the help of smart contracts and cryptographic authentication to confirm the right of ownership and transfer.

In future the share of renewable energy sources is around 19.2 per cent of the total global electricity demand. According to statistics, this figure will double in the next decade or so. The TerraGreen network was designed properly, and can give more transparency and security to the renewable energy market, while providing the best value and experience for producers and users of energy.

Why TerraGreen

This platform based on the blockchain, will contribute to the creation of facilities for production of renewable energy worldwide. From a project such as TerraGreen, a lot of promises, but the main advantage of such a unique and innovative crypto platform is the elimination of the intermediary at each stage. This would have optimized the entire process chain associated with the division of energy, making it more simple and economical: with the availability of raw materials, advanced technology, high electricity tariffs for manufacturers and, finally, higher returns for investors.

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