FRED ENERGY EXPANDS THE GLOBAL ENERGY SECTOR ON THE BLOCKCHAIN

The Distributed Ledger Technology (DLT) otherwise called the “Blockchain Technology" is not a new phenomenon, per se. After the debut alongside the most widely used cryptocurrency, Bitcoin (BTC) in the year 2008, the network has since moved on to new things. The concentration now is to make positive impacts in reality, as it had done for cryptocurrencies. The energy industry is now in the good books of the blockchain technology, as the debut of the FRED Energy platform is a dedicated move to boost the opportunities of the network.

BLOCKCHAIN MEETS ENERGY

The FRED Energy platform aims to create awareness about the potentialities of green energies while fast-tracking the move for judicious use of the same. The blockchain technology’s roles in that instance are to cut off intermediaries, reduce costs, and ensure the even distribution of resources for the use of the network in boosting the fortunes of the global energy sector.

BOOSTING THE OPPORTUNITIES OF ALTERNATIVE ENERGY STARTUPS

You may have heard about alternative energy, or you’re wondering about the concept behind it. The meaning is simple – it is a different approach to how power can be sourced and used. The idea of alternative energy became prevalent after the massive greenhouse emissions that posed any threat to the environment and the health of the inhabitants. By adopting a cleaner, cheaper, and more effective medium of generating and using electricity, the world would be a better place for the inhabitants.

The Funding and Research into Energy Devices (FRED), which turns out to be the primary consensus of the FRED Energy project, is designed to make it possible for inventions about alternative energy to see the daylight. The feasibility is specific, as the project has already handpicked some notable and revolutionary green energy approaches. The aim thereof is not only to foster the use of green energy but also to discover projects in that regard and finance them.

The first project that is tipped to receive funds from FRED Energy is a solar-powered light and phone charger. The details of the collaborations between the founders of FRED Energy and the inventor of the project posit that the project is designed to generate energy through solar. Ideally, the compact solar-powered light and phone charger would be charged under solar in the day and used in the night or later in the day for up to 8 hours.

As proposed by FRED Energy, it would be giving away one of the six-inch solar panels for every $1000 it raised through crowdfunding. The target audiences are people that are living off the grid, and people that do not have much access to electricity.

VENTURING INTO ELECTRIC VEHICLES

FRED Energy’s commitment to the use of alternative energy also extends to the automobile industry where it would further be champion the cause for Electric Vehicles (EVs). It would finance mini taxis/Tuk-Tuks that have become rampant in India and other parts of Asia and Europe. Aside from that, it would build more charging stations to reduce the hassles of travelling extra miles to charge electric-powered vehicles.

CONCLUSION

The future is electric, and a project like FRED Energy is one of the strategic aspects to making the dream for an electrified future come true. Hopefully, the project would get the needed collaborations and funds to continue with its solutions for alternative energy.

USEFUL LINKS
Website: https://token-sale.fredenergy.org/
Whitepaper: http://token-sale.fredenergy.org/FREDEnergy-Whitepaper-v1.1.pdf
Telegram: https://t.me/FREDEnergycommunity
Twitter: https://twitter.com/energy_fred
Facebook: https://www.facebook.com/TheFredProjectOfficial

AUTHOR'S DETAILS
Bitcointalk Username: Dannev
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2317961