Bringing energy to the people, Berlin-based Lition is the first green energy focused trading platform and setup to work globally. The new project is operated with transparency to be sustainable as one of the currently closed off energy systems, that is directly linked to a source of clean energy providing consumers on the company’s blockchain application.
The new company is already licensed as a supplier of energy in Germany, with a client base of more eleven German areas. Lition is already a fully functional platform that is being used in 41 million households across Germany. By cutting out unneeded middlemen, the exchange saves customers an average of 20% on personal utility bills while at the same time increasing the power plant’s official revenue by as much as 30% which is a significant number.
The company meets the needs of global energy requirements set by today’s standards, which are considered to be complex and inefficient. The sector responsible for producing energy transmissions and distribution is jampacked full of big players.
Some of the multi-international participants hold excessive ambitions to create profits, while the distribution and transmission process focused around energy is chalked full of ineffective intermediaries. The factors equate to some of the highest prices consumers who don’t usually have insights to where they’re getting their energy sources from.
Lition is a platform that uses blockchain technology to create smart contracts along the smart-meter IoT technology to give users/consumers the ability to get access to quality energy services, that are based on cost of production and real-world consumption pricing, instead of high-bids from energy companies attempting to just make money.
What are your thoughts? Is Lition a quality company with the consumers energy cost at heart? Will they be able to improve energy solutions across the globe? Leave your thoughts in the comment section below.