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Energy-related issues are at the center of current economic and political debates. The increasing scarcity of fossil fuels and the development of alternative energy sources are creating constraints that are expected to lead to major changes in the coming decades.
Blockchain is recognized by many professionals as a disruptive technology that could trigger a real revolution within the energy industry sector. The transparency, trust, control and security provided by blockchain are fundamental values that reduce the number of intermediaries in the value chain and consequently the cost of transactions, an objective that is particularly relevant to this sector.
It is in this context that the SWU (Smart World Union) project was born, with the aim of becoming the reference marketplace for the management and optimization of energy expenditure. The three essential components of this ecosystem will be an energy Marketplace, the swu token and the SWU DAO.
Read our article on the SWU presentation.
The creation of an energy marketplace
The project benefits from the expertise of a team that has been operating in the energy sector for 15 years. The health crisis was an opportunity for the team to overhaul the company’s structure and to join forces with the SMART WORLD UNION (SWU) project. This digital marketing platform is behind the creation of the first Chezswitch network of alternative operators to include SWU payment uses. The SWU project does not intend to stop there and is planning to expand its activities in Europe and around the world with the creation of a marketplace dedicated to energy.
This future marketplace will be designed for energy purchase and resale operations and will bring together the main players in the sector: producers, wholesalers, operators and, of course, consumers. It will allow the negotiation of spot market sales contracts and the establishment of forward contracts for professionals, which will facilitate their transactions without having to resort to intermediaries.
For consumers, this innovation offers the possibility to buy energy directly from professionals, again without the need for a network of intermediaries. Using blockchain technology, all the processes identified on the supply chain would be automated by integrating smart contracts, thus allowing transactions to benefit from a high degree of security and transparency.
Switch UB Company intends to make a significant contribution to solving energy issues. Indeed, to encourage the adoption of green energy sources, an incentive mechanism will be put in place to reward producers who respect a certain level of CO2 emissions. In addition, a certification system for green energy production will be introduced in the marketplace, giving consumers the opportunity to check a producer’s compliance with international standards.
SWU, an international token for the energy sector
The SWU token has been designed to be used in the supply chain of the entire energy sector: electricity, gas, telephony, water and fossil fuels. SWU is a multipurpose, multichain token: it is both a payment tool and a reward token that can circulate on multiple blockchains.
To ensure the effective use of SWU as a payment solution, a number of measures have been implemented: firstly, the token will be listed from 1 August on bitmart (to CEX) and PancakeSwap (to DEX). In addition, payments will be able to be made in cryptocurrencies on the website of the telephony/energy operator Chezswitch.fr (ETH, BTC and USDC) via Coinbase Commerce, while bill payments in SWU can be performed via an in-house solution. The integration of new technologies does not stop there, as Chezswitch will soon be the first energy operator to establish itself in the metaverse: a first shop will be opened on Decentraland, and a plot of land has already been acquired on bloktopia.
The SWU will therefore be the key element of this green energy participatory financing ecosystem: SWU tokens will be distributed to all actors in the chain, whether energy producers, consumers or suppliers. Another incentive system will also be set up with the deployment of staking on the platform, where everyone will be able to choose the number of SWUs and the timeframe (number of months) in which they wish to place their tokens.
A DAO as a tool for steering governance
As mentioned above, one of the SWU project’s objectives is to promote green energy use through a participatory financing mechanism. To this end, a structure in the form of a DAO (Decentralized Autonomous Organisation) will be set up as a governance body. A DAO, as the name suggests, is designed to be automated and decentralized, placing decision-making power in the hands of an automated system and a collaborative collective process. The SWU DAO will be made up of community members who can participate in votes through their SWG governance tokens. Entities wishing to receive funding will be able to present their projects, and decisions regarding the allocation of resources will be voted on by the majority consensus of the network actors.
By implementing such a radical strategy in the energy industry, SWU will be the new platform for green players, with completely new features such as paying energy bills with a single token and funding green projects. With its many assets, the SWU project will undoubtedly contribute to the optimization and transformation of a key sector of the economy.
Discover the official website of the project: https://www.swu-coin.com
Follow the latest project news
– via Telegram: https://t.me/SWUfr
– via Twitter: https://twitter.com/SMARTWORLDUNION
– via Facebook: https://www.facebook.com/switchubcompany