Organization Name – Solarwise

Category – RWA

About

SolarWise is a company that is integrating renewable energy with blockchain technology to revolutionize the energy market. They aim to provide a decentralized way for individuals to own solar panels t…hrough the creation of “SolarNFTs,” which are digital tokens tied to actual solar panels. This enables users to directly invest in solar energy production, with each SolarNFT representing full ownership of a solar panel that generates energy daily. Owners receive rewards in VeChain’s $VET tokens from the sale of the electricity produced by their panels​ The company has also partnered with VeChain, a blockchain platform known for its low energy consumption and sustainability, to enhance the functionality of its system. Through this partnership, SolarWise leverages VeChain’s marketplace services, which help in the minting of SolarNFTs and conducting marketplace transactions. SolarWise has already made significant progress with its first solar farm in Brazil, which is expected to be operational by September 2024. The farm will house 200 solar panels and generate around 170 kilowatt-hours annually​ SolarWise positions itself as a part of the growing Regenerative Finance (ReFi) movement, where users can contribute to sustainable energy generation while earning financial rewards. They claim that their approach offers transparency, allowing users to monitor the energy production process through live feeds of their solar farms​ Furthermore, SolarWise plans to use VeChain’s blockchain for transactions, minting SolarNFTs, and distributing additional rewards in the form of B3TR tokens to incentivize participation. Despite some setbacks, such as the postponement of their $SUN token launch, the company remains committed to its goal of combining renewable energy with blockchain in a way that benefits both the environment and investors​ Their mission is to empower individuals globally by providing them with an easy-to-use platform for solar panel ownership and energy production. They also ensure compliance with regulations, particularly in Switzerland, which enables them to legally run their ads and integrate both Web2 and Web3 users into their ecosystem​ In summary, SolarWise claims to offer an innovative and transparent way for individuals to invest in solar energy while participating in the growing sustainability movement. By leveraging blockchain technology and tokenizing solar panels, they create a direct link between consumers and renewable energy production.x sqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq Read More