Currently we are at the dawn of a new technology era that utilizes Blockchain encryption to securely store data on in public ledger that cannot be changed once written.
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” -Don & Alex Tapscott, authors Blockchain Revolution (2016)
Another fundamental aspect of the Blockchain is that it runs on computer peers called nodes. This is decentralized operation or decentralized control as opposed the current standard of centralized data storage utilized by every corporation or bank. Centralization puts all information in a single location that is subject to hacking, corruption and in principle it is owned by the corporations and banks. Trying to get access to that information once you have handed it over is often met with contempt and out right refusal.
This leads me to the two projects I want to introduce you to. The first is Cardano (ADA) and the second is PowerLedger.
Cardano (ADA) is a project under Input|Output (IOHK) which was founded in 2015 by Charles Hoskinson and Jeremy Wood.
PowerLedger (POWR) is led by Dr. Jemma Green, Executive Chairman and Co-Founder. In 2016 Jemma co-founded Australia blockchain technology company Power Ledger and in 2018 received the EY Fintech Entrepreneur of the Year award.
Cardano is home to the ADA cryptocurrency, which can be used to send and receive digital funds. This digital cash represents the future of money, making possible fast, direct transfers that are guaranteed to be secure through the use of cryptography.
Cardano is more than just a cryptocurrency, however, it is a technological platform that will be capable of running financial applications currently used every day by individuals, organisations and governments all around the world.
PowerLedger is comprised of three core technologies:
Energy Trading: Similar to trading shares on a stock exchange you can set buy and sell prices so that you can trade energy at the right price for you.
Environmental Commodities Trading: their technology can be used to make the trading of environmental commodities and renewable energy credits more transparent, secure and efficient.
Renewable Asset Ownership: they have developed an asset ownership model that will activate more renewable energy assets so we can boost the portion of green energy available for use
