GLOBAL GREEN ENERGY PLATFORM
WPP Energy has been a leader in the global renewable energy market trying to use innovative and disruptive technologies to produce and provide the most affordable and clean energy to the world. This revolutionary global renewable energy marketplace will be a complete global green energy solution facilitating the worldwide electronic trading of energy supply at wholesale prices from Green Energy Suppliers in a B2B, B2C and in some cases P2P focused Blockchain marketplace platform targeting buyers around the world who wish to purchase, trade or resell renewable energy supply.
ANATOMY OF THE PLATFORM
WPP’s Global Green Energy Blockchain Platform is a multi phased initiative with a staggered roll commencing in Q3/Q4 2020 consisting of the following 5 stages:
A blockchain marketplace to buy and sell green biofuel futures contracts which have been derived from W2H2 water to hydrogen technology. See: W2H2 Power Plant Conversion
Smart contracts are being created to represent an underlying fuel futures contract being offered by the truck/plant owner. The supply contract is ready to be agreed to and purchased outright. The contract can also be resold on the platform if the original buyer decides to do so. The underlying fuel itself is a fully exportable/transportable commodity so that the buyer can take physically possession should they wish to do so. WPP will offer 2 financial settlement options, Fiat currency or WPP Tokens. WPP Tokens will carry an additional incentive over fiat to encourage cryptocurrency adoption in the energy sector.
Expanding on Phase 1 above, Phase 2 sees the green biofuel futures marketplace expand in a continuous multi-year initiative to cover any type of renewable energy supply (fuel, electricity) that can be bought and sold via futures contracts between producers/suppliers and end buyers by using WPP Tokens, that are smart contract enabled to represent an
underlying asset, namely an energy supply contract that is ready to be agreed to and purchased outright. The contract can also be resold on the platform if the original buyer decides to do so. As the transaction facilitator WPP will offer 2 financial settlement options to the end energy supplier: Fiat currency or WPP Tokens, with WPP Tokens carrying additional incentives over fiat to encourage cryptocurrency adoption within the energy sector.
To support the marketplace activity in 1 & 2 above the following 3 elements below are also being introduced
A Trust, Reputation and Feedback system all managed on the blockchain. This will help create the necessary confidence for parties to transact with one another.
Other Types of Tokens Exchange feature that will convert fiat currency, credit cards and crytpocurrencies into WPP Tokens, an accepted currency on the Global Green Energy Platform.
a) Green Energy Rebate Program. WPP Tokens paid out as a rewards system to promote conducting green energy transactions on the Global Green Energy Platform.
b) WPP ERC20 Wallet and Mobile App. WPP Token rewards earned from the Green Energy Rebate Program will be sent to a users WPP Wallet which can then be loaded into app and spent goods and services on the Global Green Energy Platform Marketplace or on a separate “rewards marketplace” which will follow with a wide range of products available from various participating companies also willing to reward users for “Going Green”.
The following is an outline of the renewable energy green energy supply marketplace along with a distributed storage system for data collection from the participating energy producers for safe secure and easy energy transaction at a wholesale rate to the energy suppliers anywhere, anytime. Use of Smart Contracts through WPP Token on a distributed storage system on a permissioned ledger will help avoid any attempted disruption or blocking of what will be energy industry changing transaction methods and increased market pressure to lower costs based on the exposure of much lower prices offered in the Global Green Energy Platform Marketplace. WPP will be using a permission based blockchain model to avoid mining and to ensure we are not adding to the present and growing energy crisis caused by crypto mining.
The project will be an intuitive user friendly cross platform web and mobile application which will allow the energy buyers and energy sellers to connect and do the energy transaction below the wholesale price bypassing the utility companies.
The project will offer a reliable, trusted, real-time, high-throughput affordable green energy transaction experience among energy producers and buyers in conjunction with smart contract deployment between parties, identity management of users, WPP Token for energy transaction and a blockchain based distributed storage system for real time data collection from the energy producers on the amount of energy available for purchase, energy price, the location, energy distribution network, data metrics on how green the energy is with customer usage information in a tamper proof blockchain environment.