Article10 months ago

AREC Protocol: Tokenizing Renewable Energy Certificates for Efficient Issuance and Trading

AREC Protocol: Tokenizing Renewable Energy Certificates for Efficient Issuance and Trading
Summary
  • The current REC issuance and trading system is centralized, regulated, and inefficient, hindering market expansion and mass adoption of REC.
  • AREC protocol utilizes blockchain technology to tokeniize REC assets, enabling transparent and traceable issuance and trading.
  • AREC includes self-certified ARECs based on renewable energy generation data and bridged ARECs backed by classic REC assets, as well as the ability to convert AREC NFTs into ERC20 tokens and record climate actions with Climate Badges.

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