Develop a blockchain-based platform enabling peer-to-peer trading of renewable energy credits (RECs) using smart contracts for trusted transactions. This platform will leverage blockchain technology to ensure transparency and efficiency in the certification and trading of renewable energy, making RECs more accessible to small and mid-sized energy producers.
Small to mid-sized renewable energy producers and consumers seeking efficient and cost-effective ways to trade renewable energy credits.
Traditional REC trading involves high costs and complex processes, making it difficult for smaller producers to participate. There is a critical need for a more efficient, transparent, and accessible trading solution.
With increasing regulatory pressures and demand for sustainable energy solutions, energy producers are eager to engage with platforms that offer compliance, cost savings, and competitive advantage.
Failure to provide an efficient REC trading platform could result in lost opportunities for smaller producers, perpetuating market access inequality and slowing the adoption of renewable energy.