SOLAREX - Solar Energy Blockchain Ecosystem

Electricity is one of the energies that are so important for human life. This is proven because electricity is now a basic need that cannot be separated from human life in this era of globalization. Today, almost all human needs related to equipment require electricity as their energy source. For example equipment that uses electrical energy sources, namely television, fans, washing machines, computers and others. Electricity in general can be interpreted as an important factor in human life because not a few equipment that uses electricity as an energy source.

The SOLAREX project is here to provide a solution to make part of the blockchain-based solar energy ecosystem innovative, desruptive, decentralized, carbonized and democratised.

SOLAREX makes and as a blockchain-based energy efficiently as well as at very affordable prices for all layers, setting new standards for energy consumption and without stopping, focusing on customer satisfaction.

There is no network power in remote locations.
Lack of security and reliability
Lack of transparency and security in electricity transactions.
Environmental and Public Health; A big danger from polluting energy sources.
Adaptability and resilience; regular power outages due to power failure.
Unreachable energy costs.
Unnecessary energy loss in a centralized network during transmission.
Barriers enter the market both as producers and as consumers (for example, regulatory and financing costs).
Poor capacity utilization in critical areas.

So this is a very good and cheap and environmentally friendly energy.

Blockchain and Smart Contract

Integration of blockchain technology enables ecosystems to transact and read energy data into distributed ledgers. It provides transparent, safe and accurate energy transaction and data accounting. The use of smart contracts and blockchain will directly and automatically control data flow and energy storage on the Solarex Ecosystem. The use of smart contracts will also ensure the balance of activities in the ecosystem. Proof of ownership is at the core of fraud-related cases and Solarex implementation of blockchain technology will completely eliminate fraudulent activity in the ecosystem. The Blockchain application and the Smart contract will eliminate the following problems;

Lack of transparency and security in electricity transactions.
Poor use of capacity.
Fraudulent activity.

P2P Energy Trading Platform

This trading platform will allow neighbors to trade their excess energy. The main advantage of the peer to peer energy trading market is ensuring the smooth operation of the ecosystem by offering a balance of energy distribution in the ecosystem. This will address the following problems in the current electricity network;