Review on Power Ledger by Eve Vallenilla

The demand for electricity worldwide is increasingly increasing due to the consumption of technological equipment that requires energy for its operation. This in turn raises concern by increasing deterioration of the environmental conditions that surround us.

One of the alternative solutions to reduce this situation is given by increasing the production and use of solar energy. This is not only healthier for the planet but more economical for consumers. In addition to representing a profitable commercial activity for those who wish to become providers of this type of service.

Power Ledger is part of these alternative solutions to electricity consumption, offering a blockchain platform for the production, trade and distribution of solar energy.

Power Ledger channels the induction of users on how to be part of the solar energy mining and designs the commercial structure for the exchange of the same worldwide.

Why use blockchain technology for electricity trading?

• It allows transactions to be carried out in a secure way, which are registered in an unalterable way in the block chain, and are fully auditable and visualized by all those who access the network, due to having an open source infrastructure.

• Allows energy to be marketed without relying on conventional companies that control production, purchase, sale and distribution operations

• Allows the design of a digital currency that serves as a motor for the execution of energy exchange operations. In this case, Power Ledger uses two digital protocols that perform different functions within the network, but which undoubtedly complement each other: POWR, which is required to buy Sparkz, and the latter, which is necessary to participate in the acquisition of energy on the Power network. Ledger

• Creates balanced conditions in terms of rewards and fair energy trading conditions, in addition to allowing affordable electricity service rates