The partnership between SWAZM and Restart Energy was to create the world’s first decentralized peer-to-peer energy marketplace called the RED Platform. The platform will enable consumers to move away from centralized energy sources and reduce the carbon footprint.
The RED Platform has both agility and cost efficiency. The companies hope to have found a solution to reduce the carbon footprint by selling off excess energy in a peer-to-peer business model.
Restart Energy is the first energy supplier in Europe to accept Bitcoin. SWAZM has provided a revoutionizing blockchain infrastructure, with 200,000 Tx/Sec, which allows up to 60 million energy meters to be read every 5 minutes on the blockchain.