Mustafa Kemal Mah. Dumlup?nar Bulvar? , No:280 , Ankara, Ankara, 06530,
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Blok-Z
Industry Application or Utility Token
Z: Other Services
Mustafa Kemal Mah. Dumlup?nar Bulvar? , No:280 , Ankara, Ankara, 06530, 06530
About Us
Blok-Z develops blockchain solutions for utility companies, especially electricity distribution companies. We generate energy tokens for big/small scale electricity producers for each unit electricity they have produced and gave to the grid. These energy tokens are defined on the producers� crypto wallet. Producers later can exchange these tokens on a free market. Any buyer can either resell these tokens or can exchange them for electricity with their authorized utility company. If the buyer and seller are both consumers/producers at the same utility company, the trading will be completed and the up to date information will be saved into the blockchain. If they are on separate utility companies, fiat currency and tokens will be defined to both of the buyers� and sellers� wallets but another consensus between the utility companies will be reached through the blockchain. So, all transactions will be on blockchain and there will be no need for any other middleman. Through this process producers will be able to sell electricity for higher prices and consumers will be able to buy for less. Blok-Z will take a negligible fee for each transaction.
