SunContract

However, it is largely centralised by a few corporations. As a result, energy retailers and wholesalers tend to participate in an oligarchy that negatively affects customers. Consequently, the contribution of energy customers is restricted to subscription of energy services as opposed to active participation on these energy markets.

But in the modern world where consumer behaviour is gravitating towards greater inclusion and environmental consciousness, this outdated system has a number of shortcomings and it needs to change. The goal of our innovation is to incentivise energy customers on both sides of the production and consumption equation to want to either produce cleaner energy or consume more of it.

We harness science and innovation to solve this

SunContract’s blockchain-based innovation meets the needs of the evolved, now-active and environmentally conscious electricity customers. We do this simply by allowing them to make their energy-related decisions by themselves.Instead of forcing producers to dump surplus power back to the power grid, SunContract is embracing the transition towards a sharing economy. We allow domestic producers of electricity to share their energy with loved ones or sell it directly to strangers on our blockchain based energy marketplaceThe replacement of energy suppliers with mathematical algorithms based on blockchain technology, smart contracts and artificial intelligence, removes margin costs which energy market participants have been subject to. It also allows these energy market participants to split amongst themselves the profits that the energy supplier would have otherwise received in the traditional business model. 

SunContract’s blockchain based application is compatible with existing grid infrastructure and also compliant with the existing framework of legislations.

At SunContract, we believe that all technology and innovation should contribute towards all three dimensions of sustainable development – economic, social and environmental – and our energy marketplace achieves all three.

 

Start buying or selling energy using SunContract.

SunContract is the EASIEST way for producers and consumers of electricity to trade clean electricity, helping consumers save money and producers increase their profitability, and not at the expense of the environment.

Download our easy-to-use mobile app or access the platform on your computer online to have an up to date overview on your electricity production and/or consumption.