A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. This allows the participants to verify and audit transactions inexpensively
This is valuable for RECs transactions as they are non-physical entities. Physical electricity can be easily measured for production and consumption, however this is not true for (RECs). For buyers of RECs such as individuals or corporations that have a commitment to their clients for sustainability, it is of paramount importance to demonstrate the unchallenged ownership of RECs.
Having RECs transactions written into the public blockchain network, anyone can verify the ownership of individual MWh of RECs that is claimed by the green corporations.
Metering is the source of all RECs generation data and hence one of the key gateways to any potential fraudulent information. T-RECs.ai will be deploying our own in-house smart meters for all generators registered on our platform as RECs sellers. Our smart meters are tamper-proof and will be compatible with most internationally-recognised revenue grade meters
One of the key differentiators of our platform is our A.I. capabilities which offers our clients unprecedented assurance on the strict single ownership of the RECs. In the unfortunate scenario that the RECs seller double-sell their generation to another buyer, our A.I bots will be able to detect claims that appears on both mainstream or social media platforms. Once similar RECs claims are made on the same generation asset registered through our blockchain network, we will be able to detect and inform our clients for their appropriate actions. With this technology, we expect to elevate the trust of our clients to the next level.