When Bitcoin was introduced few years before, it was only used for international money transfer or cross-border payments with low transaction fees. But, the evolution of the Ethereum has changed the view of cryptocurrencies completely. Today, the decentralized nature of the blockchain technology is attracting a lot of companies and individuals to reinvent the existing applications by converting them from the centralized environment to the decentralized system.
Why are people moving towards the decentralized platform? How is it more advantageous than the traditional centralized system? The biggest advantage of the decentralized blockchain technology is that it provides a peer-to-peer transaction eliminating the need for a middleman. In most cases, the introduction of an intermediary adds extra cost to the consumers.
Can't get a clear picture? Let me explain with an example. You might have heard or visited Expedia.com, the first online travel website. With few clicks, you can easily plan your travel anywhere in the world by booking the flight tickets and making reservations in the hotel for your stay. These days most of the people are planning their travel through Expedia only because of its ease of convenience and quicker processing time. Of course, there is no doubt that it is user-friendly. But, does it provides the service for free of cost? No. It will charge fees from the airlines and hotels for displaying them on their website. Also, the consumer will have to pay either a direct or hidden transaction fee.
Now, let us imagine the above system using blockchain technology. There is no concept of middleman as the consumer will be directly dealing with the hotel or airlines for making their reservations eliminating the transaction fee to zero. Sounds interesting? Not only in the travel industry, blockchain technology is bringing revolution in many fields. WePower is one of such innovation in the energy industry which is based on the blockchain technology. The main objective of WePower platform is to make energy easily accessible and tradable to everyone. To accomplish the mission, it allows the producers of renewable energy to raise funds for the development of their project by selling their own energy based tokens. Those who are buying these tokens are making their valuable contribution to save the earth from global warming and other kinds of pollution that are harmful to the environment. Also, they can get some kind of profit by selling these energy tokens in the wholesale energy market or to other members of the platform. Check out the official whitepaper https://drive.google.com/file/d/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view?usp=sharing to know more information about the platform.
WePower not only provides a platform for the green energy producers to raise capital but also offers full support as it will take care of all the administrative work for obtaining the green certificates or RECs (Renewable Energy Certificates). But, the producers need to hold the WPR tokens as it is the only available option for accessing the platform. WPR tokens will be available for sale during the token sale event of the company. Kindly visit https://wepower.network/ to know the latest update regarding the token sale.