Why Blockchain Is the Future of Renewable Energy

SunContract is committed to revolutionizing the renewable energy area with its blockchain-powered label-to-label energy trading platform. In this article, you’re going so as to be taught our interview with Gregor Novak, the co-founder of SunContract.

Novak discusses the most up-to-date advancements in the industry, the effects of global energy dynamics, and the programs in which SunContract is enhancing its merchandise with the spend of reducing-edge applied sciences love synthetic intelligence, machine learning, and non-fungible tokens.

Explore our dialog to be taught how SunContract is main the energy industry’s innovation at every turn, rather than correct taking phase in its transformation.

Interview with Mr Gregor Novak, co-founder of SunContract

• Can you share any fresh developments or milestones SunContract has finished in the past one year?

In 2017, SunContract pioneered the first-ever white paper on a label-to-label energy marketplace, environment a global precedent. This initiative used to be adopted by a profitable Preliminary Coin Offering (ICO) for the label-to-label energy marketplace, which used to be finished on August 1, 2017.

On April 1, 2018, we launched the world’s first retail label-to-label energy marketplace on a national scale, attracting our preliminary customer unhappy predominantly from the blockchain community. This early adoption by over a thousand blockchain enthusiasts marked a important milestone, as they have been the pioneers on our platform.

Entering into 2019, SunContract expanded its operations by establishing an office in Estonia. Here, we received a license to characteristic as a cryptocurrency pockets custodian. This strategic switch used to be necessary for our development and compliance in the evolving digital asset panorama.

In 2021, we took a important step forward by upgrading our platform to strengthen energy self-ample villages. This enhancement reflects our dedication to sustainable and community-driven energy solutions.

Over the past two years, we now have got made gargantuan development in growing our companies. We received an energy license and launched the energy marketplace in Croatia, whereas additionally laying the groundwork for operations in Estonia. Furthermore, we established an office in Malta to align with the upcoming Markets in Crypto-Resources Regulation (MiCA), a brand unusual European regulatory framework situation to be relevant from December 2023. Compliance with MiCA is important for our growth, because it enables us to undertake and prolong this laws during European international locations once we real the requisite license in Malta.

• How have global energy trends in 2023 and early 2024 impacted SunContract’s method and operations?

The global energy trends all the plot through 2023 and early 2024 have positively influenced SunContract’s method and operations. With an growing seek data from for decrease energy consumption, our companies are more connected than ever. We’re committed to supporting this shift, offering innovative solutions that allow communities to autonomously grasp their energy desires. These trends align effectively with our pioneering characteristic in the industry, reinforcing our dedication to supporting the global transition to green energy.

• What unusual applied sciences or innovations is SunContract exploring or planning to integrate into its companies?

SunContract is continually evolving, with a eager focal level on integrating advanced applied sciences equivalent to AI and machine learning. These applied sciences play an necessary characteristic in our backend companies. Our system heavily relies on predictive analytics for quite a lot of energy manufacturing sources love photo voltaic, hydro, and wind, as well to for consumption patterns and energy administration.

We’re deeply engaged in enhancing these predictive capabilities, which would possibly per chance per chance be elementary to our operations. On the other hand, our subsequent important jog in label-to-label energy administration entails embracing blockchain innovations, significantly non-fungible tokens (NFTs). While NFTs aren’t a novel belief, their software in the energy sector presents a diversified different.

We belief to use the ERC-721 token strange to disadvantage NFTs, every representing accurate world photo voltaic panels. These tokens shall be tradeable on the unusual SunContract NFT marketplace. This initiative marks a important step in our whisk to revolutionize the energy sector with reducing-edge expertise and adding save to every photo voltaic panel in a soalr farms, which grow to be globally straightforward accacable and liquid. 

• Are there any unusual markets or areas that SunContract is focusing on for growth in 2024?

Fully, SunContract is actively growing into unusual markets. We now have established corporations and received energy licenses in Estonia and Croatia. In these markets, we’re initiating the rollout of our label-to-label energy companies and exploring the integration of NFT applied sciences.

SunContract is additionally exploring alternatives in varied global markets. We now have objective as of late begun to examine the doable in the Jap market. Our future plans embody no longer most moving broadening our reach in Europe nonetheless additionally bearing in thoughts growth into other global areas. This strategic means reflects our dedication to global development and the adaptation of our innovative energy solutions to various markets.

• What are the most moving regulatory challenges going through SunContract, and the plot is the company addressing them?

SunContract must adhere to every local and global laws. This suggests we persistently follow varied energy laws, which fluctuate from nation to nation. Additionally, as SunContract has to comply beside an energy additionally to crypto laws utilizing blockchain and other crypto property.

Currently, in the European Union, that is predominantly governed by the Markets in Crypto-Resources laws (MiCA), which is made up our minds to be enforced from December 23 of this one year. SunContract is actively working to arrangement all necessary licenses for EU international locations. As we take point out of unusual markets, equivalent to Japan or others we might maybe well enter, our means is persistently to utterly perceive and follow their explicit laws. 

Our dedication to regulatory compliance is unwavering, every in fresh markets and in any future expansions. We perceive the significance of aligning with local and global like minded frameworks to kind certain the seamless integration and operation of our companies globally.

• How is SunContract contributing to global sustainability desires, significantly in phrases of renewable energy and reducing carbon emissions?

SunContract inherently contributes to global sustainability, significantly aligning with the United Nations’ Sustainable Development Targets (SDGs) 7, 11 and 13. Our initiatives and operations are designed to take care of all three dimensions of sustainable pattern: economic, social, and environmental. Our energy marketplace is a testomony to this total means.

The core philosophy of SunContract is to foster self-sufficiency and sustainability amongst folk, corporations, and communities. This ethos is no longer most moving in cohesion with the UN’s sustainability desires nonetheless actively promotes the spend of renewable energy and the gash charge of carbon emissions. By focusing on these areas, SunContract performs a pivotal characteristic in advancing global efforts against a more sustainable and environmentally responsible future, significantly in the realms of tidy energy and sustainable cities and communities.

• What solutions is SunContract the utilization of to support more patrons to undertake photo voltaic energy and participate in the energy marketplace?

SunContract is actively taking part with varied communities to promote the adoption of renewable energy, significantly photo voltaic energy. Our means involves reaching out to teams that are already inclined against sustainability and technological innovations, equivalent to blockchain enthusiasts, younger professionals, IT communities, and even ingenious circles. By focusing on these various teams, SunContract targets to encourage participation in our energy marketplace. Our purpose is to support these communities to embody sustainability and self-sufficiency, fostering a broader acceptance and spend of renewable energy sources.

• Can you discuss any fresh or upcoming partnerships or collaborations that are important for SunContract?

SunContract is actively taking part with varied EPC corporations or photo voltaic or heat pump installers. This partnership enables energy installers to use SunContract’s companies, thereby allowing their potentialities to have interaction in label-to-label energy trading and other connected activities. Our market entry solutions vary during diversified areas. 

Let’s tell, in Japan, we’re in discussions with established local corporations drawn to partnering with SunContract. The operate is to introduce and integrate our innovative companies into the Jap market. In the same style, in the UK, we’re in talks with doable companions who have confirmed pastime in taking part with us.

While we’re desirous to share more necessary gains, formal bulletins in relation to these partnerships shall be made once agreements are finalized. These collaborations are instrumental in growing our reach and affect in varied global markets.

• How is SunContract positioning itself in the increasingly more aggressive renewable energy market?

SunContract differentiates itself in the renewable energy market with its weird and aggressive alternate model. We utter ourselves same to an ‘energy Uber,’ delivering energy companies straight to a serious range of patrons. This suggests encompasses every particular particular person and alternate purchasers, effectively masking every B2C (Commercial-to-User) and B2B (Commercial-to-Commercial) sectors. Our model lets in anybody, whether they are private folk, industrial entities, or industrial organizations, to entry and succor from SunContract’s companies. This flexibility and inclusivity are key to our method in standing out in the aggressive renewable energy panorama.

• How is blockchain expertise evolving inner SunContract’s platform, and what advantages does it bring to your customers?

SunContract is mainly constructed on Ethereum blockchain expertise, which varieties the core of our platform. This expertise offers our customers unparalleled transparency. They can investigate cross-take a look at all their transactions and activities on the platform, guaranteeing total visibility and automation of processes.

The spend of blockchain instills a natural trust in the system, as all transactions and mechanisms are securely recorded and verifiable. This facet is a important advantage for our customers, fostering self perception in our companies.

Beyond particular particular person advantages, blockchain expertise additionally enhances community engagement. It lets in more stakeholders who resonate with SunContract’s ideals of sustainability and innovative alternate devices to participate. They can strengthen and recommend for SunContract in areas where we’re but to connect our companies.

With the integration of blockchain, SunContract has positioned itself as a global player. The addition of an NFT marketplace is made up our minds to further this reach, making our companies globally accessible. The blockchain’s characteristic in our platform is no longer correct a technological foundation; it’s a gateway to growing our community and enhancing the shopper experience on a global scale.

• How does SunContract incorporate customer feedback into its carrier enhancements and innovations?

SunContract actively engages with various communities on varied social media platforms, together with LinkedIn, Telegram, Facebook and others to gather customer feedback. This treasured enter is then channeled aid to our Research and Development (R&D) division. By doing so, we kind certain that the feedback is analyzed and utilized effectively to enhance our companies and operations.

Our community performs a pivotal characteristic in our continuous enchancment route of. They aren’t most moving the most effective judges of our fresh companies nonetheless additionally a rich source of solutions for save unusual offerings. Additionally, the community is instrumental in checking out unusual companies, providing accurate-world insights that data our innovation efforts. This collaborative means with our customers is elementary to SunContract, because it helps us to tailor our companies to meet the evolving desires and preferences of our potentialities.

• Can you characterize how SunContract’s P2P energy trading marketplace has developed over the past one year, and what are the key advantages it offers to patrons and energy producers?

The SunContract label-to-label (P2P) energy marketplace has seen much development since its inception on a national scale in Slovenia in 2018. Initiating modestly, it has expanded an excellent deal every body year. Currently, the marketplace boasts about 20 million EUR in earnings and continues to grow mercurial. This development is largely on account of the tangible advantages known by our potentialities.

One of the key advantages of our marketplace is the elimination of intermediaries. This facet finally ends up in patrons in total paying decrease prices when put next with those offered by outdated utility services. On the other hand, energy producers create more save from their output. They experience higher flexibility, having the solution to either spend the energy themselves, share it with family, or put up for sale at better prices on the marketplace.

This flexibility is a important succor for every patrons and producers, empowering them to take aid watch over of their energy utilization and gross sales. This empowerment is a main reason our customers delight in our companies, and it is a riding force at the aid of the market’s development.

• How is the SNC token at the 2nd being utilized inner the SunContract platform, and are there any unusual functionalities or makes spend of for the token that you’re planning to introduce?

The SNC token is the foundational token of the SunContract platform, taking part in an necessary characteristic in all our transactions. It is a pure utility token, necessary for the performance of our system, and would no longer symbolize any security or commodity asset. This distinction is important for our customers to comprehend.

As SunContract expands geographically into unusual markets, the introduction of unusual companies and the inflow of unusual potentialities to our energy platform naturally develop the utility of the SNC token. This growth is a important driver of the token’s economics, would be checked by performance metrics love liquidity and market save, observable on platforms love CoinMarketCap and other same aggregation portals.

Relating to unusual functionalities, we’re persistently introducing unusual energy companies that depend on utility of SNC token, reinforcing its reputation as our core utility token. A first-rate example is our energy marketplace, where transactions for NFTs, significantly those representing photo voltaic panels, are conducted the utilization of SNC tokens most moving. This ensures that the SNC token stays integral to SunContract’s ecosystem, supporting all our companies, from present label-to-label operations to the upcoming NFT marketplace and other companies we belief to launch, maybe inner this one year.

• Given the fluctuating nature of cryptocurrency markets, how does SunContract kind certain balance and reliability in the valuation and spend of the SNC token for energy trading?

Our SNC token, being listed on global exchanges, is field to market fluctuations, much love every other cryptocurrency. Its save is influenced by seek data from and response patterns, as well to broader market trends led by major cryptocurrencies love Bitcoin. On the other hand, in phrases of the balance and reliability of the utilization of the SNC token for label-to-label energy trading, we now have got implemented explicit measures.

In the create of our label-to-label energy marketplace, we’ve ensured that the companies and each day settlements aren’t plagued by the SNC token’s volatility. This suggests that for purchasers the utilization of the SNC token to pay their energy bills, publicity to its volatility is a chance rather than a necessity. For folk who decide no longer to protect SNC tokens, the fluctuations have no affect on their energy settlements conducted on our platform.

Therefore, whereas the SNC token’s save might maybe well fluctuate in the wider market, its utilization for each day energy trading settlements on our platform stays unaffected, guaranteeing balance and reliability for our customers in this explicit context.

• Are there any unusual aspects or expansions deliberate for the P2P energy trading marketplace in 2024?

Undoubtedly, SunContract is actively pursuing growth in 2024. We now have objective as of late entered the Croatian market, which marks the extension of our label-to-label energy trading marketplace accurate into a brand unusual EU jurisdiction. This growth is in the origin centered on the Croatian marketplace for 2024.

Furthermore, we’re planning to introduce our label-to-label energy marketplace companies in Estonia, potentially later in the one year. This growth method reflects our dedication to broadening our reach inner the EU and offering our innovative energy trading solutions to a much broader target audience.

• How does SunContract’s platform facilitate the integration of varied renewable energy sources, equivalent to photo voltaic, wind, and hydro, into the P2P marketplace?

Since its inception, the SunContract platform has been designed to strengthen a various range of renewable energy sources, together with photo voltaic, hydro, and cogeneration or blended heat and energy with high effectivity (CHP), as exemplified in Slovenia. Our platform employs advanced AI companies to precisely predict the output from these varied renewable sources, making them like minded and efficient for integration into our energy marketplace. 

Importantly, SunContract stays committed completely to renewable energy sources. We attain no longer enterprise into other varieties of energy, staying simply to our mission of promoting and facilitating sustainable and environmentally friendly energy solutions through our label-to-label energy marketplace.

• How has shopper experience been enhanced in the P2P energy trading marketplace, especially for those unusual to the utilization of blockchain expertise?

In enhancing shopper experience on the SunContract platform, we’ve adopted a dual-stage means. The first stage is designed for simplicity, catering to customers who might maybe well no longer have any prior records about blockchain and crypto property. For these customers, the platform is easy, enabling them to have interaction in energy trading without wanting to comprehend the complexities of blockchain expertise.

On the other hand, for more advanced or crypto-conscious customers, we offer the ability to delve deeper into blockchain functionalities. We’ve integrated a Blockchain Explorer inner the SunContract platform, total with a discussion board where these customers can investigate cross-take a look at and trace all their crypto transactions on the platform. 

Our purpose is to protect simplicity for the total population, who are the major energy patrons, whereas additionally providing advanced aspects for customers who are looking out to procure more in-depth blockchain capabilities. This suggests ensures that the platform is on the market and shopper-friendly for all, regardless of their experience with blockchain expertise.

• Can you share more necessary gains about the upcoming NFT marketplace? How will it integrate with the present P2P energy trading platform?

The upcoming NFT marketplace on SunContract will offer NFTs that NFTs symbolize already-constructed and completely-functional photo voltaic panel’s digital ownership without bodily set up. These NFTs might maybe well have a lifetime expectancy of as much as 15 years, in accordance with issuer data. This marketplace shall be completely supported and integrated with our present P2P-energy marketplace, which varieties the foundation of SunContract’s operations. All transactions interesting the photo voltaic panels represented by these NFTs shall be conducted through our P2P energy marketplace. 

There’s a symbiotic relationship between the NFT marketplace and our P2P platform. The NFT marketplace opens up the different for customers globally to create their Deepest Energy Plant (PPP) by procuring one or multiple NFTs. If a consumer resides in a nation where SunContract’s P2P companies will seemingly be found in, they can straight use the energy from their PPP. 

For customers delivery air SunContract’s P2P operational areas, whereas they can’t straight spend the energy from their NFT-represented photo voltaic panels, they can serene grasp their PPP. The energy generated is sold on the SunContract’s P2P marketplace in the working nation, with the proceeds awarded to the shopper in the receive of SNC tokens. These tokens would be saved in the shopper’s private pockets on the platform and would be utilized or withdrawn as desired. 

This integration no longer most moving presents a novel solution to have interaction with renewable energy nonetheless additionally bridges the gap between outdated energy trading and the evolving world of digital property. It solves the limitation of the customers, regarles of private photo voltaic doable infrastructure or nation of inhabitance, to be involved, strengthen and profit from the green energy transition  

• How will the introduction of NFTs affect the method energy property are owned, traded, and managed on the SunContract platform?

The introduction of NFTs is poised to an excellent deal revolutionize the ownership, trading, and mastering of virtual energy property on the SunContract platform. By tokenizing photo voltaic panels into NFTs, we’re enabling these property to be traded globally, which is a gargantuan shift from outdated devices. This digital representation no longer most moving makes photo voltaic panels more versatile and accessible nonetheless additionally introduces tokenized receive of it which is liquid by default. 

Possibilities might maybe well have the freedom to without wretchedness purchase or promote these NFTs, allowing them to develop or decrease their PPP as wanted. This represents a serious transformation in the renewable energy industry, because it quickens the adoption of renewable sources on a global scale. Until now, many folk worldwide have been unable to participate in the green transition. With NFTs, entering and exiting the renewable energy market turns into an excellent deal less difficult, offering a simplified method for anybody to purchase or promote these digital property. 

Total, the integration of NFTs into the SunContract platform is made up our minds to kind renewable energy more accessible, versatile, and shopper-friendly, enhancing the allure and practicality of green energy investment for a global target audience.

• What is your vision for SunContract in the subsequent five years, and what key milestones are you aiming to total?

Taking a watch forward, I envision a extremely intellectual and promising future for SunContract, simply to our sunny namesake. Our major purpose is to turn accurate into a global energy marketplace (GEM), growing into varied markets worldwide. This growth aligns with our preliminary vision and must construct upon our fresh offerings. Currently, we now have got a thriving P2P energy marketplace, and we belief to introduce further energy companies supporting sustainability and self-sufficiency. 

Over the subsequent five to seven years, I imagine SunContract has the doable to total important development, success, and added valuees for our communities. One of our key milestones is to connect SunContract as a ‘unicorn’ in the industry. 

Conclusion: altering the panorama of renewable energy.

As we come to an pause of our discussion with Mr. Gregor Novak, it’s evident that SunContract is actively altering the panorama of renewable energy.

SunContract offers a promising discover accurate into a future where all people might maybe well have entry to tidy, realistic, and sustainable energy because it works against realizing its purpose of establishing a global energy marketplace.