The market for renewable resources energy is too wide and holds a big international market. Blockchain technology has started acquiring its place in this domain with SP Group which is a renowned major corporation energy utilities group in Singapore. The industry giant has launched a blockchain based REC dubbed as renewable energy certificate in the market. The big announcement came at the ASEAN Energy Business Forum which was held in Singapore last week.
The official press note of the leading Asian Pacific company states that the group is planning to utilize the potential of blockchain technology in order to increase the efficiency and transparency within the organization. Chief Digital Officer at SP Group Corporation, Samuel Tan mentioned that the emerging technology of blockchain will help the company to trade in renewable energy certificates very effectively. The process will become convenient, secure and seamless for the operators within the network. In addition to this, he added that this will also facilitate in achieving by and large sustainable targets and greener business operations. (Via SP Group)
Renewable resources energy marketplace is going to extend their support to both international and local RECs. This document will serve as a proof as a given specific amount of electrical energy has been generated by solar batteries. The very first contract has already been done with MNC banking corporation DBS Bank and global real estate developer City Developments Limited. Apart from them, there are other solar energy sellers onboard in this collaboration such as Katoen Natie Singapore, Cleantech Solar Asia and LYS Energy Solutions as mentioned by Coin Telegraph.
Singapore And Blockchain Based Energy Solutions
Singapore is one of the countries that have acquired blockchain technology in their energy business quite early. The country is embracing the best possible features of this future technology to be harnessed in the energy solution domain.
Renewable resources energy market is a platform which seems to be adopting blockchain rapidly all over the world. Perhaps, there would be more such new announcements coming up in the future ahead.
The post Blockchain Based Trading Of Renewable Resources Energy Certificates Introduced By SP Group appeared first on OWLT Market.
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