FRED ENERGY – BUOYING THE ELECTRICITY OF THE FUTURE ON THE BLOCKCHAIN

IMG_20191017_050034.jpg

It’s high time the conventional frameworks begin to give way to disruptive technologies like the blockchain network. Many sectors of the global economy, from finance to supply chain have witnessed the excellent operations of blockchain in the areas of distributing information, maintaining the anonymity of the users, and reducing the costs of transactions.
Could you imagine or picture the lasting impacts the blockchain technology would create in the electricity and energy industry? You needn’t look far because FRED Energy provides some clues into some of the things to expect when blockchain technology meets electricity.
THE CONCEPT BEHIND FRED ENERGY
FRED Energy is not just like other regular blockchain platforms that struggle for relevance in an almost saturated industry like finance where the network has been numerously applied. Instead, it went on to create a new use case that would not only excite the target audience but would also spike the interest of investors. That new use case is the energy industry.
For a long time now, the global energy industry has been battling with some challenges despite the massive income and opportunities that abound in it. The issue of global warming and other forms of climate change are not mostly human-made phenomena. Instead, the proliferation of gaseous emissions into the atmosphere largely contributes to the almost downward-like spiral that is tenable in the industry.
The feasible solution to those anomalies is the use of alternative energy or “green energy” as it is called. That is the concept behind the FRED Energy platform. The project has developed a range of features and tools for facilitating the growth of green energy by funding and supporting projects that are patterned in that regard.
Below are some of the aspects where the potentialities of the FRED Energy platform would hold sway:
 Financing Electric Taxis
Asia has one of the burgeoning markets for electric taxis. The focus of notable brands like Tesla and Ford is on the development of Electric Vehicles (EVs) for the affluent while overlooking the needs of the same by the low and middle-class individuals.
Now, India has taken advantage of that opening to develop and launch electrified taxis called Tuk-Tuks, which make use of green energy and electric for their operations. Similar gestures have been extended to other parts of Asia and Europe.
FRED Energy is cashing into this industry by collaborating electric and solar Tuk-Tuk suppliers in India and other parts of Asia. It would purchase large units of these taxis from the suppliers and distribute the same to the drivers in tourist areas of Asia. The empowerment, therefore, is for more people to have access to these cleaner media of transport while reducing costs and providing the Tuk-Tuk drivers with higher earnings.
 Electric Charging Stations
FRED Energy is also venturing into the electric charging stations industry where it builds more of those stations in the regions where they are needed. Starting from Asia, it would extend the move to become one of the leading independent Charging Point Operator (CPO) in the region where it had set up electric charging stations.
CONCLUDING THOUGHTS
Alternative energy has since migrated from the one-sided concentration on solar power for homes and offices to the new use in the automobile industry courtesy of Electric Vehicles (EVs). With the blockchain formulation of the FRED Energy project, and the potential use cases in both electric charging stations and the promotion of alternative energy through the blockchain, it wouldn’t be out of place to assert that the future of alternative/green energy is already taking positive shapes.

author : bonex87
eth : 0x804e153b33d9f1254760691d89c0d25a9e3a5ad0

Comments

Post a Comment

Popular posts from this blog

What is 2Ether?

Image
What is 2Ether? 2Ether is a new digital coin based on the Ethereum blockchain. Unlike ERC20 tokens, it's a fully independent cryptocurrency – with its own blockchain, mining incentives, and so forth. It fully supports smart contracts written in Solidity and is compatible with Ethereum dApps.  How 2Ether will change the IEO market 2Ether will launch a special platform for fast and very affordable IEOs. It will be integrated with the decentralized exchange, and the initial offering process itself will be automated and decentralized. The whole procedure will take just a few days. Since there will be no centralized exchange running the process, projects won't have to pay exorbitant fees to list their tokens. Here are the key steps: 1) Registration: founders need to enter detailed information about the project, its utility, tokenomics, jurisdiction, website, presentation (pitch deck), social media channels, and GitHub page; the token's smart contract must be prov
Read more

Welcome to Nutbox

Image
  Nutbox (NUT) The community hub of   #Web3 , providing out-of-the-box functionalities to building   #DAO , onboard users and bootstrap communities. Our Mission!! Help the communities on the PoS chain like Cosmos, Steem, Polkadot, ETH2.0, to easily create their Staking Economy platform and build DAO by Initial Staking Offering, DApp, DAO governance and other factory protocols.. More details on the website  https://nutbox.io/#/ #Web3   #DAO   #DeFi   #CommunityFi   @NutboxDao  $NUT  #BSC As Web3, Constitution DAO and etc thrived in the winter of 2021, DAO as「A online community with its assets managed by the contributors of the community」is being accepted and created by more and more people. Nutbox is the infrastructure of DAOs. Specifically, the Web3 communities can use Nutbox to issue community Token (cToken for short), creating a series of contracts to automatically distribute cToken to community contributors. We can interpret it from the following three perspectives. DAO Creation Pla
Read more

Revomon is an exciting new online role-playing game (RPG)

Image
  Presentation Technology is developing exponentially and established sectors are being disrupted in unprecedented ways as entrepreneurs push the limits of what’s possible.  New payment rails are being laid, TradFi is evolving into DeFi and Web 3.0 is revolutionizing the entire internet.  Even the entertainment industry is being remodelled, whether that be through digital collectibles (NFTs) or immersive gaming experiences enabled by VR and augmented reality (AR). As we know, games evolve with technology. From Pong to Pokémon and beyond, developers are constantly pushing the boundaries and revolutionizing the experiences of gamers.  Virtual Reality is the new frontier of personal gaming and customers around the world are eager for new games to enter the arena.  It is into this booming market that we introduce a new challenger: Revomon. We have a team of experienced developers behind Revomon,  and a huge discord  community of +17,000 members that we have been building since  the success
Read more