Over the last few months, I've been approached countless times to join advisory positions for ICOs. In almost all cases I’ve declined. Almost none of them, in my eyes, makes such an intuitive and efficient use of blockchain technology as WePower does. Almost none of them possess as much actual and unique industry understanding along with experience as the WePower team does, and most of them simply don’t have the real potential to have a real impact on a large, meaningful industry like WePower does.

WePower Brings Security to Uncharted Territory

For me, the most impressive aspect of WePower is its ability to democratize renewable energy through online transactions, while simultaneously increasing transparency and security. As the co-founder and CEO of Simplex, a company dedicated to preventing online fraud, security is an inherent part of life. Historically, companies have needed to choose whether they wanted easier access or improved security, as preventing hackers generally required taking a more restrictive approach, having a negative effect on user experience and conversion.

Proper use and implementation of blockchain technology can improve accessibility and security at the same time. While WePower may not have invented the smart contract, they have become one of the first companies to use it in the proper manner, and in a way that’s going to completely change the way people buy, consume, and produce clean electricity. Thanks to the technology provided by the Ethereum blockchain, people from opposite sides of the world can exchange money for electricity hassle-free, without having to worry about fraud and security in the process, and with terms and conditions agreed upon before a transaction is coded into the blockchain. Funds aren’t even released and transferred until both parties have fulfilled their obligations. In other words, WePower is able to bring a level of unprecedented security to the energy sector that has never existed before.

Inclusivity for All

The goal of WePower is to make it easier for everyone to have access to clean energy, whether it be for production, consumption, or investment purposes. By facilitating blockchain technology, the global community is able to harness the power of renewable energy from anywhere in the world with a simple bank payment, their credit card or with cryptocurrencies. This means that people are no longer restricted to geographic locations, nor do they have to worry about the tariffs that come with transferring money across borders. WePower is making the deposit and tokenization involved in clean energy trading as easy as possible for investors, allowing the transfer of funds from bank accounts, crypto wallets, and top-up cards that support fiat and cryptocurrency.

So, how is this inclusivity possible? For starters, investors can invest money in clean energy through WePower’s platform by using fiat currency, cryptocurrencies, or a mixture between the two. All investor accounts come with internal WePower wallets for both fiat and cryptocurrency, and we’re also exploring ways to connect existing crypto wallets through APIs. Investors who use crypto to invest in clean energy will have their investment converted into fiat by WePower before providing funding to renewable energy producers. This will protect them from volatile cryptocurrency exchange rates by ensuring they receive the necessary amount of funds that were allocated to them.

When it comes time to collect money from the proceeds of clean energy purchases, investors are able to choose whether they want to be paid in fiat or crypto currency. If they choose crypto, fiat currency will be converted at the going rate and transferred to the investor’s wallet.

Smooth, safe and transparent transactions will make it easier for everyone to access clean energy, and WePower is about to make it happen!



