As energy consumption is expected to double until 2030, the world is looking for new distributed energy development models to directly connect end users to producers, to allow consumers direct access to accountable, cheaper energy and to provide producers with increased ROI; enabling a faster renewable energy deployment around the world. Our solution is a new ecosystem - Restart Energy Democracy - one that exists inside the current legislation in deregulated energy markets and that provides incentives for consumers, producers. and local micro entrepreneurs, or even other private suppliers to participate. It's a system built on blockchain technology, that virtually connects energy consumers to energy producers (prosumers) with smart contracts, so that they may trade directly under our supply license or under a different private suppliers license. Allowing consumers to virtually buy energy directly from producers reduces transaction risk and payment collection costs for the suppliers, creates higher revenues and a finance solution for producers, and reduces the cost of energy for consumers, while at the same time offering entrepreneurs the possibility to start their own power retail business with our franchise. As we already have 30,000 customers, we will have first mover advantage compared to all the other energy ICO's.
AERGO is an open platform that allows businesses to build innovative applications and services by sharing data on a trustless and distributed IT ecosystem. With the ability to deploy on either public or private blockchain networks, AERGO gives businesses the flexibility in developing and deploying blockchain applications with unparalleled speed, scalability and performance. AERGO is designed as a flexible, plugin-based smart contract infrastructure. Client-actors can execute smart contracts written for the Ethereum Virtual Machine or AergoSQL. The AERGO network will be backboned by github-like public and permissioned repositories of Distributed Directories (DD). Implementing Smart Oracles, AERGO will also allow smart contracts to consume data with external services or internal databases and trigger events.