New technologies are driving the energy market around the world, particularly in Latin America, helping it to become more modern and efficient.
Together with tools such as Big Data and Artificial Intelligence, the application of blockchain in the electricity sector offers numerous possibilities to decentralize energy trading and promote the development of new solutions, since it has proven to be a tool with great operational efficiency, capable of managing real time data.
Along these lines, Certi highlighted some potentialities for the use of new technologies in the electricity sector, such as P2P energy trading, wholesale energy trading, data management and certificates of origin.
“Blockchain in the electricity sector is directly related to a greater use of renewable energies. With this technology it is possible for consumers to obtain certificates of origin, which guarantee the registration and traceability of these sources”, he specified.
In addition, Certi pointed out that blockchain technology can also be applied to the charging of electric vehicles, being available in the infrastructure of power stations, both as a manager in energy transactions and in payments with virtual currencies.
“Blockchain contributes to advancing in the digitization of the electricity sector and enables the creation of new business models, offering innovative services for greater efficiency and sustainability”, he remarked.
With an eye on this potential, a Latin American project called Light DeFi was recently selected to compete in the Kucoin Community Chain (KCC) contest. The KCC network made a selection among thousands of projects, where only 39 were chosen to go to the final phase. The total prize pool is $50 million, which will be split.
The initiative of the exchange aims to promote the ecosystem of its platform by financing new technologies, providing liquidity and funds for the growth of the project. The winning project will also be listed on KuCoin and will be part of the KCC network, which is a decentralized public chain, compatible with EVM (Ethereum Virtual Machine). The network aims to provide high-speed, low-cost solutions.
The choice of Light DeFi was a thoughtful decision after knowing all the infrastructure that the token offers its investors, bringing technology closer to the world of sustainability.
“Unifying the search for a balance between a sustainable way of producing clean energy and, at the same time, transparent technological advancement through the use of blockchain and tokenization, Light DeFi proved to be one of the most daring, conscientious and forward-looking projects . of its own time, which makes it almost impossible not to be dazzled by it,” said Renato Lourenço, KuCoin ambassador in Brazil.
Belonging to the Uruguayan holding Brillacom, Light DeFi is an example of the renewable energy sector, acting through the construction of photovoltaic plants. The project brings together concepts from the decentralized finance market as well as ESG policies. The construction of the plant has already started and it is located in the rural region of São Gonçalo do Amarante, in Ceará. The area, which is equivalent to 17 soccer fields, is registered on the blockchain, in NFT format.
“Light DeFi has been innovating more and more. Our investors have the peace of mind of knowing that they are facing a serious project that brings solutions aligned with sustainable practices. We want to be more than a simple token, we want to make a difference in the industry”, commented Germano Sales, CEO of Light DeFi.
In addition to the asset, Light DeFi also offers another token, Light Minner. As well as the Light Bank digital bank, the Light X and Light Dex exchanges, as well as the Light Energy Drink.
Rodrix Digital is a presenter and youtuber of Brazilian origin. He is a promoter of topics related to cryptocurrencies, blockchain, DeFi and fintech.
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