With the idea of using energy as a currency it has been proposed to reduce CO2 emissions, such as Ergo and Carbon Coin; For in-feed renewable energy, namely Solar Coin; and for energy related products such as Genercoin. While this proposal addresses environmental issues, the large distribution of energy output from renewable energy technologies is ignored. Focusing on this energy output, TerraGreen Digital Currency, also called TerraGreen Coin will be developed for globally distributed and self-owned trading platforms and international financial systems, inspired by Bitcoin decentralized digital currencies that are secured and supported by smart energy renewable contract energy. At the global level, Terra Green Coin allows anyone to invest in the energy sector by buying currency and fashion to increase its value in the market. In the long term, the industry can even offer discounts for environmentally friendly products and services purchased with TerraGreen Coin and thereby increase the renewable energy economy.
Within the Terra Green ecosystem, there are three sub-ecosystems that actively work by exchanging data, analyzing it, producing reports and making predictable or definite suggestions for each of the other suggestions in real time. They will continue to analyze the consequences of suggesting actions and save them to account for similar future analyzes. This is a highly repetitive suggestion analysis process over a period of time designed to continue to lead to better autonomous operational advice, efficiency and productivity. This has been made possible by the use of several tools and technology.
TerraGreen's latest energy business will begin in Southeast Asia. This is because of the unique regulatory framework in Indonesia in the form of feed-in-tariff (FiT) provided by most ASEAN countries. By guaranteeing access to the network and setting favorable prices per unit of renewable energy, the FiT mechanism will ensure that renewable energy becomes a viable and healthy long-term investment for companies and industries. There is already a memorandum of understanding signed by the ASEAN energy ministers in 2007 covering the establishment of the ASEAN power lattice. The ongoing and proposed electricity network interconnection project is shown in Figure 3. The aim of this project is to connect ASEAN countries to promote trade in forces and exchanges throughout Southeast Asia.
The TerraGreen platform uses a new blockchain-based energy coin, which will assist in creating the latest energy generation with facilities around the world. This is done through the issuance of energy coins in order to increase capital for renewable energy producers. Therefore, these coins must represent the amount of green energy produced in order to commit to producing and sending to end users through grid or distribution networks. In this way, renewable energy producers can trade globally for all people, both users and investors, by selling energy in advance, and this in turn ensures liquidity and access to capital for regulating renewable energy generation. The TerraGreen platform is not based on a relational database, as scalability and sustainability are serious limitations to this database.
To build this platform and scale to the planned level, it is planned to launch this project efficiently with a minimum target of 5 million USD. The main objective of the TerraGreen platform is to develop renewable energy ecosystems that use blockchain technology to send and exchange green energy without trusted central or third party authorities controlling the platform. Therefore, this gives the possibility for individuals and / or investors to own and control their future energy use. In addition, the TerraGreen Platform allows money from energy-related work. The tokenization of renewable energy production makes TerraGreen tokens a viable choice as digital currency as defined by DeKo's thesis. TerraGreen tokens are produced by renewable energy producers and thus sell these tokens on the TerraGreen platform.
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