As the first startup to use cryptotechnology (NFT - Non Fungible Token) to accelerate the production of renewable energy, SunContract has brought a certain spice of disruption to the energy sector along with an innovative way to perfrom p2p energy trading.
For some time now, the Slovenian startup has been attracting attention for the simple, fast, unbureaucratic and secure way in which users can participate in the energy transition by buying solar panels and trading energy among their peers. The technology used (NFT) has been around since 2012 when it was created in the Bitcoin sidechain Counterparty. However, its use in energy is pioneering and innovative.
If SunContract can successfully leverage NFTs to democratize ownership of renewable energy assets, create transparent markets for renewable energy certificates, and incentivize energy efficiency, it could indeed disrupt the traditional energy sector and accelerate the shift towards decentralized, sustainable energy systems, by applying an innovative means to perform p2p energy trading.
I'd really keep a close eye on them!
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