Finally, a DApp that will truly make the world a better place.

For those who haven’t heard, Power Ledger is decentralized energy-sharing. Energy producers (such as solar-panel owners) can sell extra electricity to their neighbors and community in coordination with the power grid. Power Ledger, Australia’s first ICO, creates a real electricity marketplace, significantly reduces the kW price, facilitates cost-effective access to green energy, as well as shrinks the overall carbon footprint. Let’s explore the main reasons why Power Ledger’s unique use cases and market disruption make it a billion dollar company:

Power Ledger Solves a Real-World Problem

Tired of those expensive electric bills? Me too!

Today, the energy market is as centralized as it gets. ConEdison-type monopolies decide where and when to build power capacity, how to bridge the distance between generators and loads, and most importantly, they determine the price and product of electricity.

Australia has some of the highest power prices in the world, reaching 26 cents per kW/h (The U.S. average is 12, still high) due to the rising cost of natural gas. Additionally, the region has the ideal environmental conditions for solar panels, primarily lots of sun. It is no surprise then that Elon Musk tests many of his prototypes, including the famed Tesla solar roof, in Australia. Nature and market needs make Australia and southeast Asia primary candidates for an energy revolution. This is what makes Power Ledger’s strategic positioning there important. The market is ready: 20% of Australian rooftops now carry solar panels.

Today, 3 different members of the energy sector need improvements:

Energy Consumers need access to cheaper and greener power. In most parts of the world, you must purchase your power from one source which is rarely renewable energy. Otherwise, you can install your own renewable energy source and pay off the expenses over time.

Energy Producers need a more profitable way to sell their excess power. Currently, any extra electricity that an energy producer must be sold to the only customer, the stingy energy providers, at their price free of competition.

Energy Providers need a long term plan for adding value to their electric grids while meeting the coming trends of renewable energy, their prices and externalities.

This is all slowly being solved by Power Ledger. Co-Founder Jemma Green claims that so far, implementations of their Peer-to-Peer network have saved energy consumers $900 on their yearly electric bill and earned solar panel owners double the savings they normally get from their solar plan.

“Many energy experts are convinced that blockchain technology has the potential to touch off a fundamental transformation of modern energy grids.” — MIT Tech Review

The Token Economics Make Sense

POWR ($1.05)

The Power Ledger Platform is a trustless and transparent energy trading platform built to support Citizen Utilities. These are participants who generate, consume, and transact electricity energy applications. There are two tokens that run this platform: Sparkz and the Power Ledger Token (POWR).

Sparkz is a frictionless trading token that is used to buy and sell the kW/h of electricity smoothly. It is created for a specific deal, pegged to the local currency upon creation, and destroyed upon redemption for fiat or POWR. POWR is the ERC-20 utility token purchased and licensed by energy producers to fuel the Power Ledger Ecosystem, running smart contracts that broker trades, distribute power, create Sparkz, and more. Sparkz are currently purchased and redeemed using fiat currencies with individual trading platforms hosting closed-loop exchanges for energy and Sparkz.

Power Ledger Platform

This token is seeing serious traffic, reaching 9th place in total transactions among all ERC-20 tokens (Ethereum) for the last 90 days (despite being active for only 40).

Basic Platform Applications

Power Ledger has multiple applications that promote energy exchange through several methods:

P2P Trading — This class of Platform Application gives retailers the ability to empower consumers (or in an unregulated environment, the consumers themselves) to simply trade electricity with one another and receive payment in real-time from an automated and trustless reconciliation and settlement system. You can select a clean energy source, trade with neighbors, receive more money for excess power, and see trades on the blockchain.