Power Ledger (POWR) is a utility token on the Power Ledger Platform. The token will be used to purchase electricity tokens on the Power Ledger platform. This is a platform that seeks to bring about a blockchain energy solution to the people all over the world. It seeks to give individuals and companies access to low cost, reliable and clean energy. It will operate on a dual token ecosystem with POWR and Sparkz blockchain layers.
Using POWR and Sparkz tokens, the energy trading platform will low homes and corporations that produce excess energy to redistribute their surplus energy to other areas for some price. It seeks to enable efficient and clean energy use around the world by co-locating energy from one point to another. Clients will be allowed to convert their POWR tokens into Sparkz tokens which they will use to purchase energy from the platform. The process will be automated, transparent and very easy to understand.
According to the proponents of this network, a lot of energy goes to waste going through the traditional grid. It is this energy that they want to redistribute properly enabling investors and individuals to earn from their excess production and consumers to get cheap energy on the other hand. Sharing according to the developers reduces the cost of energy production and minimizes waste. Solar panel owners will be in a position to sell off their excess energy production to individuals close to them.
The platform wants to use grade meters that meet international standards and are tamper resistant to provide the most efficient services. All of these services are to be transacted using POWR and the Sparkz tokens.
The project is being led by a team of able individuals who include chair and co-founder Dr. Jemma Green, co-founder and managing director David Martin, co-founder and technical director John Bulich, global ambassador and advisor Dr. Bill Tai and chief operating officer Marc van Hoof
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