According to the Bank’s website, the project's objetive is to implement a platform that identifies and evaluates potential solar photovoltaitic projects in emerging markets. Once a project has been selected and solar panels have been installed by experts, the platform utilizes oracle feeds for tokenizing solar energy production using IoT and blockchain technology, which allows for real-time monitoring of the project's performance. The platform manages the distribution of payments and transactions among the different stakeholders involved in the project, to ensure transparency, decentralization and traceability. The project aims to make a tangible contribution to the global effort to reduce greenhouse gas emissions and transition towards a more sustainable energy system.
As stated on the company's website:
Our platform connects investors with small-to-medium solar project portafolios. By integrating IoT and blockchain technology, DREX brings automation and transparency to portfolio management and traditional escrow services, reducing friction for green energy financing in emerging markets. Investors can confidently support renewable energy projects while accelerating the transition to a more sustainable energy future.
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|Private Actor 1 Role
|Private Actor 1 Sector
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|Private Actor 2 Role
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|DREX: Energy for All
No contact information provided at the time of disclosure.
Client - DREX: Energy for All:
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