Decentralized Energy Market
- ICO start: 28. Jun 2017
- ICO end: 1. Aug 2017
Technology: Blockchain blockchain
SunContract ICO Short Review
SunContract is a platform that directly connects energy producers and consumers into an energy pool based on smart contracts. The SunContract’s vision is to support a global self-sufficient energy community based on renewable energy by digitalization of electricity. With SNCs one can buy electricity through the SunContract Energy Pool. SunContract’s business model joins together the best features of blockchain technology (5 T’s: trust, transparency, traceability, time stamp and transactions) and renewable energy (5 D’s: digitalization, decarbonization, deregulation, decentralization and democratization) to create an entirely new services that will revolutionize the existing market. Decentralized energy market on the blockchain is only the first step of transforming energy distribution grid services in the future and will be followed by grid-flow optimization services, demand response services etc.