What Is Energyledger(ELX)?
Energyledger Coin seeks to make ELX the standard software development platform for energy value trade on the blockchain. The goal and intent of creating this generalized crypto-commodity is to create a cryptocurrency that can be utilized by the energy industry to manage oil containers, and (ii) to incentivize the long term storage of crude oil through investment in the ecosystem. The idea for ELX was originally conceptualized in 2018 by founder and CEO of Energy.
Pete, who identified the potential for Crude Oil markets to fall into contango or backwardation due to the lack of a computer system such as blockchain being developed to manage and understand the scarcity of storage for crude oil. As of April 2020, oil indexes such as WTI briefly fell negative because of contango patterns “Oil prices have been trading in a pattern known as contango this year,
Where spot prices and near-term futures are worth less than futures expiring several months from now” (Salzman, A., 2020) and “But suddenly this week, the super contango pattern shifted into a pattern called backwardation, if only briefly. Backwardation means oil today is worth more than oil in the future.” (Salzman, A., 2020). With this issue coming to fruition, Energy Ledger was formed to prove the concept and eventual execution of a deployed blockchain solution for crude oil storage units.
Smart contract Energyledger process characteristics portend potential business process continuous improvement for supply chain processes. The potential for supply chain business process improvements can be situated in blockchain information that may capture performance metrics in ledgers; linking them to agree upon processes (S. Saberi, M. Kouhizadeh, J. Sarkis & L. Shen., 2019).
Energyledger Coin Storage Key Points
|Coin Name||Energyledger Coin|
|Circulating Supply||97,418,399.00 ELX|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
They are a Green Evolution Company
Through keeping supply chain data on a decentralized, immutable system – it is possible to show exactly what is happening in your business. Reducing emissions can mean raising profits – less waste in oil & gas will translate to revenue recapture.
Carbon Credit NFTs
Energyledger Coin calculate your supply chain’s carbon emissions and then offset them through purchasing carbon offsets and credits in the form of NFTs. This innovative new take on enterprise resource planning can allow your business to effectively transition and achieving net zero emissions
Blockchain is the ideal transition technology from fossil fuels to renewables, allowing energy companies to realize a revenue recapture of up to 79%* of profits. Energy Ledger is the ideal enterprise resource planning solution and comes at a 95% lower cost than competitors like SAP.
Waste Reduction Equals Profit Growth
Blockchain Enterprise Resource Planning (ERP) software Energyledger such as Energy Ledger allows you to create a playbook for your company to achieve net zero carbon emissions. It doesn’t happen overnight, but it doesnt need to take 30 years. Through becoming more efficient in your business practices and offsetting emissions along the way – they can create a green future.
Innovating Away From Oil & Gas
The goal is to use the existing Oil & Gas industry as a starting point for developing the Green evolution to follow in the energy sector. Many oil & gas companies depend on their ERP software to manage supply chains and ensure their business runs effectively on a daily basis. That is why they built Energy Ledger ERP to deliver results in a demanding industry, while also adding features to track carbon emissions and offset them with NFT carbon credits.
EV Charging Solutions
Energyledger Coin tokens will be able to allow traditional oil & gas companies to easily convert their network of gasoline stations into electric vehicle charging facilities using ELX. Blockchain is extremely important in measuring the transition from internal combustion engines to electric powered vehicles on the road, and in a company’s revenue projections.
- Reap the benefits of lower fees.
- Do business on two of the largest, most reputable blockchains.
- Settle transactions in ELX.
- Fees as low as $0.10 per transaction.
- Data that travels with transactions.
Energyledger solution is patent protected which allows us time to innovate and hone in on what they do best. Early on in developing Energy Ledger ERP they sought to make the best software possible and protect it long enough that they could ensure it’s implementation. Be sure to check out the application by following the links in the menu bar to USPTO’s website.