The 21st century has been denoted with many technological strides. From the launch of the Internet to rise of alternative technologies like Artificial Intelligence (AI) and blockchain technology, it has been a move from one positive technological stride to the other. Now, the trends have shifted to the energy industry, where the likes of fuel and diesel-powered electricity are holding sway.
Instead of the conventional models, as aforementioned, the current trend is to institute alternative sources of generating energy, which is based on the reduction of greenhouse emissions and the promotion of green energy. That trend is not only left to the mainstream companies to champion the cause because the blockchain technology is also taking a swipe at it via the FRED Energy project.
WHAT IS THE FRED ENERGY PROJECT?
FRED Energy is a blockchain project that aims at the promotion of alternative energy using the blockchain as the basis. The aim of the project among many others is to create more awareness about the positive impacts of green energy for the consumers, after which it would look at the Fund and Research into Energy Devices (FRED). It also hopes to launch an online marketplace where alternative energy solutions can be sold and purchased using cryptocurrencies. More so, FRED Energy is committed to funding some notable alternative/green energy projects, such as the development of more electric charging stations, and the purchase of more electric-powered taxis.
EXPANSION OF RICKSHAWS
Rickshaws are alternative and cost-effective media of transportation. The convenience of using them and the speed of transport make them the favourite of non-car owners and car owners alike.
The downside to the use of Rickshaws, otherwise called "Tuk-Tuks” is the gaseous emissions in the form of Carbon 2 Oxide (C02). With over 1.5 million units of rickshaws in operation in India alone, and many others operating in Europe and other parts of Asia, it’s evident that the high rates of pollution come from them.
On that note, FRED Energy has collaborated with many solar and electric Rickshaw suppliers in many regions of Asia, such as India, Thailand, China, and Vietnam. The suppliers would supply it with electrified Rickshaws that would be distributed to the drivers at low costs. That is part of FRED Energy project’s commitment to bolster the use of alternative energy in our everyday lives.
Worthy of note is that the focus is on the Asian countries as mentioned above where the Project Accelerate aspect of FRED Energy would be delegated for the purchase and distribution of electric rickshaws.
FUNDING RESEARCH INTO ENERGY DEVICES
The Funding Research into Energy Devices (FRED) happens to be another unique aspect of the FRED Energy project. Through this medium, the project would invest in different alternative energy projects.
Already, it has collaborated with an inventor of a solar-powered light and phone charger that can be charged during the day to supply up to 8 hours of light at night. The project is feasible for people that are living off the grid or people that have limited access to electricity.
CONCLUSION
Alternative sources of energy are viable in the current climes because greenhouse emissions from automobiles have caused more harm than good to the environment. Therefore, using alternative or green energy as proposed by FRED Energy is a welcome development, as it would aid the swift adoption/integration of green energy into society.
USEFUL LINKS
Website: https://token-sale.fredenergy.org/
Whitepaper: http://token-sale.fredenergy.org/FREDEnergy-Whitepaper-v1.1.pdf
Telegram: https://t.me/FREDEnergycommunity
Twitter: https://twitter.com/energy_fred
Facebook: https://www.facebook.com/TheFredProjectOfficial
AUTHOR'S DETAILS
Bitcointalk Username: Chomsy
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1759759