PRE-SALE IS LIVELearn More
An amazing turn of events is coming from the digitalizing (computerization) of all facets of business including energy and finance to simplify and streamline operations. More and more automation is reducing manual repetitive tasks, freeing us humans to more challenging and creative endeavors, (i.e. Robots will replace manufacturing jobs) such as computer execution of a smart contract. Also, errors from human interventions will be virtually eliminated or reduced to a minimum, thus preventing any form of manipulations that could be used for personal gains (i.e. opportunism).
Energy converted from burning hydrocarbon-based elements, of coal, petroleum and natural gas are becoming more and more expensive to produce as they face restrictions due to concerns regarding the effects that hydrocarbons have on the surrounding environment. At the same time, a worldwide negative backlash from hydrocarbon pollution grows daily and deadlier (see “The Energy Reality”). Since 1750, humanity has pumped some 150 billion tons of carbon dioxide into the atmosphere. Almost half that amount was emitted since 2000 - 9.9 billion tons of it in 2016 alone.
Clean energy from solar and wind power are logical and evolutionary steps forward over hydrocarbon power. Both have been under heavy research and development and are believed to be competitive with hydrocarbon power production; however, each is subject to conditional output. Solar is dependent on daylight, and relative positioning and specific latitude play an important role in harvesting sunlight to energy. Wind power is a little more versatile than solar, but is completely dependent on wind current locations, limiting their commercial use to high wind corridors. Other forms of clean energy are being developed and one in particular, the SEG, is described more fully below.
The UE Platform creates a financial shield around GEM’s and Token holders. The UE Platform (using blockchain 2.0) covers the entire SEG financial structure; it is the only financial access into and out of SEG regarding funding capital growth and revenue. All incoming fiat currency or cryptocurrency will be converted to Tokens resulting in a method that tracks all payments and remittances. In other words, all financial transactions of SEG will be automated within the UE Platform to increase efficiency, transaction speed and disbursement certainty. All SEG units will be tamper proof with computer hardware/software such as Intel SGX and linked to the UE Platform that tracks its output energy, bills the user, sends individual maintenance reports to SEG, and group reports to the UE Platform of its condition (i.e. whether or not there is a need for repairs). Each user will purchase Tokens to keep the SEG on their premises. All transactions will be through the UE Platform as an automated intermediary processor. The gross revenue in the form of Tokens is programmed into the UE Smart Contracts, and in turn is split and dispersed to the correct Token holders' account (wallets). Token demand will grow directly with the growth of the user base and, this will create an energy currency that can be used as a utility or exchanged as a cryptocurrency based on its market value.
UniversalEnergyCoin's team members.