Renewable and sustainable energy is fast becoming the buzzword on the global market. There has long been a call for the big monolithic companies to step up their protocols and adopt cleaner, renewable energy programs, and increase the positivity and safety for the market on a global scale. Looking to the future, and with the knowledge that ultimately, the oil and gas sources are not infinite, means that there is a massive call to access global energy resources that are renewable and clean, resulting in a better future for us all. Renewable energy resources (RER) are highly sought after, and incredibly important. We all know the dangers of the energy resources we currently use the most, from the dangers of burning fossil fuels, through to the expense and the widely accepted knowledge that often these resources are not fairly shared, or easily accessible to all on a global scale.
P2PEP’s intention is clear. The platform intendeds connect the global market with renewable energy sources and through the utilisation of blockchain technology, the platform will be able to supply all, with no prejudice and fairly, cost-effectively and of course, globally. Global warming is a huge problem, one that is at the forefront of many environmental campaigns and news, and any protocol which emphasises the need for renewable energy is one that is much needed and of course, will answer these issues head-on. Solar energy, Hydroelectric energy, Wind energy and other renewable energies are at the forefront of P2PEP’s excellent protocol.
Globally, there needs to be a change in the way we use energy and the way in which we are used by the energy companies. This means that there needs to be a fairer market process, more easily accessed energy sources, making it fair for all, and not just limited to those that can currently access them. There needs to be a way in which the way energy is distributed to be changed – which will, of course, result in far more effective and cost-effective energy supply.
Blockchain technology allows for this shift in protocol. With its ability to garner trade facilities and allow for in real time access to costs, process and energy amounts mean that a guaranteed supply chain will be viable, safe and secure. Of course, the ability that blockchain allows for smart contracts, and decentralised, simplified and transparent protocols backs this up nicely. The DApp that P2PEP use, through the Ethereum blockchain will allow for all, irrespective of place or time, to be able to exchange and trade within the renewable energy, market. Opening the market globally, and without prejudice is an incredible feat, and one that will be greatly received by those who are often overlooked, due to place or money available.
The decentralized nature of the storage behind the protocol means that the smart contract feature of the application will allow for complete security. P2PEP not only cooperates within the ethereum blockchain but utilises Swarm and Whisper, both of these are complementary technologies which reside within the ethereum blockchain, increasing the effectiveness of decentralized logic, storage and messaging capabilities that are needed to make this protocol successful.
The token that P2PEP is using is called ENS, which will then become the ERC-223 token, meaning that there is much market confidence within this protocol and the expectation is with the evolvement of the protocol, there is room for fast, easily accessible, transparent service. Using the Ethereum blockchain is excellent, as it means the increased technology simplifies the process in which those who use it have to participate, eliminating long hexadecimal addresses for example, which can only benefit a user. The whole platform itself is designed to be in control of those who use it. The user's security is at the forefront of P2PEP, and the fact that all who support the PEP token will have the reward of a PEP cash once the blockchain is fully operational is extremely reassuring.
Wireless power transfers are at the front of this protocol, - transmitters that can convert power through the time-varying electromagnetic field. Meaning that the energy is renewable, and cost-effective all at once. This is super achieved through the use of microgrids, which are stand-alone, autonomous locally based energy grids, lowering costs, increasing effectiveness and connectivity for a global market. The way in which the data is synchronized is also key. Permissive blockchain technology will be able to assemble the connections between the major companies ‘nodes’, and in turn, this offers standardization through the protocol, perfectly implementing what is know as ‘Yin-Yang-Yong’ protocol - the balance of cheap, fast and good.
The whole way in which this protocol is cohesively and comprehensively created is refreshing and positive to see. P2PEP reassure all investors that the protocol will allow for trade confirmation, on-exchange clearing, OTC clearing and Nominating TSO facilities. The while implementation of the protocol is well thought out, effective, decentralized and extremely transparent. The future for the P2PEP protocol looks extremely bright. As a blockchain technological enthusiast, I will be excited to watch this protocol grow and succeed in the global market.
Website: https://p2pep.com/pep/.
Telegram: https://t.me/P2PEP_Official
Twitter: https://twitter.com/P2PEP_Official
Facebook: https://www.facebook.com/P2P-Energy-Protocol-173278383501597/
Whitepaper: https://www.p2pep.com/whitepaperv2/
My P2PEP Username: frankiemalton
Article was written by frankiemalton
Bitcointalk username:frankiemalton
User link:https://bitcointalk.org/index.php?action=profile;u=1989629
Ethereum Address: 0x7656CB6F30c05e9c136c1C0f1FE316125A653ed5
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