Smart Energy Contracts
WePower's Smart Energy Contracts are digital power purchase agreements built on the Ethereum blockchain. These contracts represent the amount of energy that a powerplant is planning to produce in the future and how that energy is distributed between the investors. They carry a set of generation facility related parameters including but not limited to project, location, financial, technological and production details. Once created these contracts are immutable, self-setting and tradable without geographic boundries. They standardise and simplify energy purchase and trade as well as reduce most of the risk related to standard energy delivery future contracts. Since power grid data is linked to contract and recorded on blockchain, full transparency is guaranteed.