KUALA LUMPUR, Sept 19 (Bernama) — Entrade IO Pte Ltd intends to launch a token sale to raise funds for development of the Entrade Energy Platform, a blockchain-based platform for global social impact and renewable energy projects in Asia and Africa.

Entrade IO is a new company founded by the chief executive officer (CEO) of Arensis and Entrade Energiesysteme AG, Julien Uhlig.

Uhlig said: “For the past 10 years, I’ve had the vision of powering small villages through renewable microgrid systems. Advanced hardware, software and blockchain technology is now making it a reality.”

The platform is for the global pre-sale of renewable energy units called cWh (Crypto-Watt-Hours).

Entrade IO’s tokens have the symbol ‘ENTR’ and these tokens will be utilised for the development of the Entrade Energy Platform. The tokens may have the ability to be traded on exchanges that will be confirmed in the future.

The streamlined administration and monitoring platform offers a new level of cost efficiency through its automated smart contract technology, limiting fluctuating currency value and allowing the ability to donate to renewable energy projects in developing countries.

The delivery of affordable electricity, heating, cooling and distillation of water to remote rural areas will be possible through blockchain technology and leaders in decentralised energy systems.

The platform will utilise blockchain technology developed by Schneider Electric, in partnership with Arensis. The blockchain Application Programming Interface (API) platform will be licensed exclusively to Entrade IO and its related corporations. More details at http://www.entrade.io

— BERNAMA