Who created Powerledger?
Powerledger was created by Jemma Green, David Martin, and John Bulich. It is headquartered in Perth, Australia. Green is a sustainability advocate with a Ph.D. in Disruptive Innovations.
Martin has worked with the electricity industry for over two decades and has held executive positions in leading firms. Bulich, on the other hand, is one of the Australian pioneers in blockchain technology.
The diverse field of the founders makes the team not only varied, but widely experienced in all parts of the business.
What are Powerledger’s pros and cons?
This is one of those blockchains that has a specific goal, and its implementation appears so transparent that the pros heavily outweigh the cons when evaluated.
The upside is simple: Powerledger facilitates the growing market of home energy suppliers by giving them a control over what happens with their surplus energy. Since it serves as a middleman between the user and the electric company (or the state,) the legal side and paperwork is auto processed, allowing the users to buy and sell energy with relative simplicity.
It’s difficult to find cons to Powerledger, although it is noteworthy that this kind of operation might not be legal everywhere. Energy is a closely regulated service in some areas, to the point where people who self-generate have to pay extra taxes and have no window to sell the excess.
The future of Powerledger
Powerledger’s has a bright outlook since it has a well-defined (and growing) market that justify its uses.
Many projects have no clear-cut purpose for their blockchains. In the case of energy distribution, and the nascent peer-to-peer energy market, it’s difficult to think of a better option than POWR blockchain and its smart contract.
In view of the above, Powerledger should have a bright future ahead. This is a project that should catch the attention of many analysts and policymakers in the energy industry.