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TerraGreen Technology: Smart Contract Infrastructure
A smart contract helps you in exchange money, shares, property, or anything of value in a transparent, conflict freeway without any interruption of a middle man. Smart contracts not only define the penalties and rules around an agreement in a similar way that a traditional contract does but also it automatically imposes those obligations.
In TerraGreen, each energy backed coin is based on a smart contract that has the following information.
a. Type of renewable energy products
It will describe and explain in detail what type of renewable products renewable energy projects have.
b. Type of renewable energy
In details, the smart contract will explain what type of renewable energy project it is and what it produces and how it will benefit the consumers.
c. Commercial date of renewable energy plants
The smart contracts will consist of the commercial date of renewable energy plants, the complete timeline of the renewable energy plants, since from when it started and what type of projects are undertaken till now. In short, the complete detail of the progress and development of renewable energy projects will be mentioned here.
d. Equivalent MJ and price
The value of 1 TerraGreen coin 10 MJ that will be produced and injected into the grid and market for a certain time in the future on the TerraGreen network, in the form of energy currency.
TerraGreen is Genuine, by keeping blockchain to its core and because of its implementation to have a Turing Complete virtual machine made on top of it, which means a TerraGreen smart contract can speculatively be used to accomplish any computational task. In more simple terms, almost any program can be run on the TerraGreen platform.
