WePower, issuer of the WPR token, has completed its first experiment in tokenizing electric grid data. WePower received data for the entire Estonian electric grid, and tokenized it in an attempt to create a simpler tool for trading renewable energy.
The project, completed with the Estonian transmission system operator, Elering, tracked data for electricity production and consumption for the past year. The tokenization of data is a method that, in the future, may allow a direct form of trading for green energy. The current approach to Power Purchase Agreements is complex, while simply transferring tokens that are backed by energy production would disrupt the sector.
“Our mission is to foster the global transition to renewables by providing a streamlined way for companies to transact directly with green energy developers,” explained WePower in a recent
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