About Us
SolX is a Indian-based company that developed a blockchain-based platform for solar energy trading. The platform allows solar energy producers to sell their excess energy to consumers directly, bypassing the traditional energy grid. This can help to reduce energy costs and emissions, and it can also help to increase the adoption of solar energy.
Why do we use Blockchain ?
Blockchain facilitates self-executing contracts by electronically storing and validating transactions on a digital ledger.
It is considered a secure, safe, and efficient form of storing transaction data.
Decentralized Renewable Energy (DRE) sector, blockchain can be a game-changer as it enables the scaling of innovations and increases energy access to the millions of people still living without access to reliable power.
Using blockchain systems for decentralized energy generation and peer-to-peer transactions can enable local solar power generators to sell power to other consumers with no or poor access to grid-based electricity with intermittent power supply and outages.
Blockchain-based energy can be traded through web applications enabling micropayments made by the consumer, thereby creating greater and easier access to energy.
Blockchain will pave way for more decentralized systems.
Solar energy and blockchain are two of the most powerful technologies of our time. When combined, they have the potential to create a more sustainable and equitable energy future.