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

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.

USEFUL LINKS
Website: https://token-sale.fredenergy.org/
Whitepaper: http://token-sale.fredenergy.org/FREDEnergy-Whitepaper-v1.1.pdf
Telegram: https://t.me/FREDEnergycommunity
Twitter: https://twitter.com/energy_fred
Facebook: https://www.facebook.com/TheFredProjectOfficial

AUTHOR'S DETAILS
Bitcointalk Username: Ifychuks
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