Alliance to Focus on Development, Deployment of a Blockchain-based Microgrid Power Management and Energy Trading Exchange Platform
AUSTIN, TX / ACCESSWIRE / October 2, 2018 / Leading information technology company Windmill Enterprise – developer of the Cognida platform – today announced its strategic alliance with Alternative Resource Group, LLC (ARG), a clean energy development company that focuses on emerging markets in Latin America and abroad, for the development and deployment of an AR3 enterprise-class, blockchain-based microgrid power management and energy trading exchange platform utilizing the Cognida Network. The team will work collaboratively with the Energy Web Foundation to develop industry standards and establish market protocols for future blockchain-based energy grid management systems and energy exchange trading systems.
The purpose of the project is to develop a secure, transparent and expedient blockchain energy management and energy exchange platform that will allow end users and grid operators to buy, sell, trade or hedge energy assets anywhere in the global market with crypto or fiat currencies. The AR3 platform will allow market participants to monetize safely their own energy production or procure energy from preferred resources with a secure identity management and verification system. This will allow users to procure cleaner, lower-cost energy or monetize their production or clean energy credits. With a global market revenue of $1.4 trillion annually, this project will create an enormous market for energy producers and consumers.
”With the incorporation of distributed generation into the energy grid, there are increased complexities as more stakeholders become involved in coordination of energy production and delivery,” said Michael Hathaway, CEO of Windmill Enterprise. ”The Cognida platform’s use of blockchain technology as a distributed database provides tools for grid operators to enhance security and improve real-time exchange of data between stakeholders and their energy customers.”
”The evolution of the energy grid to a more dynamic, cleaner system is not a luxury, it is a necessity,” said Michael Lumbley, Partner and Development Director for ARG. ”Technologies have evolved to provide better functionality, transparency and security. By bringing all of these aspects under a universal operating system, we can improve access to power and energy security to emerging markets.”
The AR3 platform will also allow end users to achieve even greater value through use of the Cognida Network’s COG token for transactions. In conjunction with the opportunity for ARG end users to be partial project owners through the AR3 token, energy consumers will now have the ability to be partial owner of their own energy supply and receive the additional savings of purchasing with the internal COG token, thereby lowering their cost of power significantly while supporting the development and deployment of clean energy assets around the globe.
The strategic alliance will focus on two major shared points of collaboration:
- Jointly implement, test and deploy the underlying application protocols and interfaces
- Cooperatively develop industry standards for the virtual purchase and sale of energy and energy-related products that make practical use of blockchain technology
This alliance will utilize Cognida’s cutting-edge identity management and authentication technology and ARG’s robust clean energy solutions to provide remarkable savings and energy security to end users around the world. For more information on the Cognida platform and its recent partnerships, visit windmillenterprise.com.
About Windmill Enterprise
Windmill Enterprise was co-founded by Michael Hathaway of Information Xchange, Inc, and Bing Byington of CareConnex. It is a Delaware C corporation and the initial developer of Cognida, an open source platform enabling enterprises to more securely manage connected devices, systems and shared information using blockchain agnostic technology. Windmill is a founding member of the Cognida Foundation. Learn more at www.windmillenterprise.com.
The Cognida Network and its open source platform enable enterprises to enforce their security and access permissions policies on connected devices, systems and shared information using blockchain agnostic technology. Cognida’s technology was developed by Windmill Enterprise and is being contributed to the Cognida Foundation, a US-based, non-profit organization that will be governed by its members. Learn more at http://www.cognida.network
About Alternative Resource Group
At Alternative Resource Group, our goal is to provide businesses and organizations an innovative alternative to electricity generation technologies, energy storage, microgrids, and self-sustained electricity generation. We specialize in full cycle development of energy resources; from strategic locations, entitlements, financing, construction, to operations and management. We provide a comprehensive plan for optimal usage of energy systems, giving you more control over your energy generation, consumption, and most importantly, your spending. Working with conventional and renewable resources, battery storage and state of the art delivery systems, we provide stable, cost effective, power generation that gives you predictable pricing and unlimited supply when and where you need it. ARG is a Delaware Corporation headquartered in Costa Mesa, CA.
Windmill Enterprise Media Contact
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SOURCE: Windmill Enterprise