TerraGreen is a unique blockchain powered attempt at micromanaging biomass wastes from agricultural and forestry sectors and efficiently converting them into renewable energy products. These products, at the end of the process, will be in their greater heights of economic values. With TerraGreen, consumers can directly participate or involve in the biomass waste management and production of renewable energy products, which in return support the green energy revolution.
PROS:
- Many countries now comprehend the advantages of using sustainable energy as a source of meeting off-grid and dispersed request. Accordingly, sustainable energy policies were realized, particularly for power, heating and cooling, transportation, and city and local government activities to take advantage of renewable energy benefits.
- TerraGreen’s main objective is to combine the benefits of today’s worldwide most extraordinary interests: world renewable biomass waste generations, renewable energy and digital currencies.
- Terra Green Coin (TerraGreen Digital Currency) allows anyone to invest in the energy sector by purchasing the currency and thereby increasing its value on the market. In the long run, industries can even offer discounts for green products and services purchased with TerraGreen Coin and by that boosting the renewable energy economy.
- TerraGreen will allow a direct interaction between renewable energy producers and the end user and/or investors globally. In this way, TerraGreen network acts as a platform to help renewable energy producers to attract capital directly from energy end users and/or investors.
- The Terragreen project decided to create their own blockchain, with very different properties than Bitcoin, decoupling the layer from the core blockchain protocol, offering a radical new way to create online markets and programmable transactions.
- An innovative algorithm enables TerraGreen platform to be used for creating value and authenticates digital information. Additionally, inside the TerraGreen ecosystem, there are three sub-ecosystems actively working by exchanging data, analyzing them, generating reports and making predictive and/or prescriptive actionable suggestions to each other in real time.
- Terragreen Coin can be used to pay online and in physical stores simply like some other type of cash Terragreen can likewise be traded in physical frame Terragreen balances are stored in a large distributed network, and they can't be falsely changed by anyone.
- TerraGreen strives to implement a monetary incentive mechanism, where people are rewarded for participating directly in converting biomass waste into renewable energy products.
- TerraGreen is essentially a DAO (Decentralized Autonomous Organization), governed autonomously on the basis of pre-defined instructions in the form of smart contract.
- TGN-IOT is an abbreviation for TGN Internet of things. The main benefit of using TNG-IOT is that TerraGreen shall be able to see exactly what is happening with all the assets and processes from one central control panel. Utilized properly, TGN-IOT along with TGN-ADI (Adaptive Intelligence), TGN-DAP (Distributed Application Blockchain) and TGN-BD (Big data) could help TerraGreen not only to optimize various processes in producing cost-effective renewable energy products hence increases profits but also completely avoid catastrophic breakdown of these facilities.
- TerraGreen Decentralized Application (DApp) is a platform-independent user interface to enable the community users to interact with various platform exclusive features and participate in various campaigns. TGNAPP is one of the main requirements for a user to be able to actively take part and be associated with the community. Some of the features that the user community will be able to exercise with the help of TGNApp are:
- integrated TGN Wallet;
- platform signup;
- real time reward chart and coin price;
- availing decentralized advertisement;
- TerraGreen Coin blog;
- community feed.
CONS:
- TerraGreen Coin holders are not promised to obtain any form of a dividend or other revenue rights that are guaranteed or participate in a profit sharing method.
- The platform token doesn’t give its owners a right to take part in a decision making process.
- TerraGreen platform doesn't make any forecasts about the value of a TerraGreen Coin, while it is highly affected by changeable market conditions. It also doesn’t provide token holders with any kind of compensation in a case of losses.
SUGGESTIONS:
- Motivate TerraGreen Coin holders by engaging into the decision making process.
- Provide token owners with warranties and the compensation system in the case of losses.
NOTE:
Managing resources is not a simple task and given the abysmal state of waste resources management in most countries, TerraGreen will help model an ideal system. With the combination of blockchain technology, Apps related to decentralization, IOT and BigData, smart contract, biomass supply chain, state-of-the-art technology and machine learning, TerraGreen platform shall be ready to be developed into a virtual green energy company, fully self-managed and decentralized. This makes the project viable and I would invest in it.
