SWU Energy Management Project Continues to Promote Itself in Full Speed

• – Current economic and political disputes revolve around issues connected to energy management. Restrictions are being created by the diminishing supply of fossil fuels and the growth of other energy sources, and these constraints are predicted to cause significant changes in the next several years.

Many industry experts view blockchain as a disruptive technology that has the potential to spark a genuine revolution in the energy sector. Blockchain’s key qualities of transparency, trust, control, and security help to lower transaction costs by reducing the number of middlemen in the value chain. This objective is particularly pertinent to this sector.

The SWU (Smart World Union) project was created in this situation to develop into a leading marketplace for the control and optimization of energy costs. An energy market, SWU coin, and SWU DAO will be the ecosystem’s three main pillars.

Creation of a Market For Energy

A team that has been working in the energy industry for 15 years contributes their knowledge to the project. The team used the health situation as an opportunity to reorganize the business and collaborate with the SMART WORLD UNION (SWU) project. The first Chezswitch alternative operators network with SWU payment uses was developed thanks to this digital marketing tool. The SWU project does not intend to stop there; it has aspirations to increase its operations in Europe and throughout the world by establishing an energy market.

• – The primary participants in the industry—producers, wholesalers, operators, and of course consumers—will be gathered in this future market, which will be built for energy trading operations. For professionals, it will make it possible to negotiate spot market sales contracts and build forward contracts that will streamline their transactions without the need for middlemen.
• – The Switch UB Company seeks to significantly advance the field of energy research. A method for rewarding producers that adhere to a set amount of CO2 emissions will be developed to promote the use of green energy sources. Additionally, a system of certification for the production of green energy will be implemented, allowing customers the chance to verify that a producer complies with international standards.

A Worldwide Token For the Energy Industry is SWU

The SWU token is intended for use throughout the supply chain of the whole energy sector, including fossil fuels, electricity, gas, telephone, and water. SWU is a multi-use, multi-chain currency that can be used for both rewards and payments across different blockchains.

To ensure the successful usage of SWU as a payment option, several measures have been put in place. To start, the token will be listed on Bitmart (a CEX) and PancakeSwap (a DEX) as of August 1. On the website of telephone/energy provider Chezswitch.fr, payments can also be done in cryptocurrencies (ETH, BTC, and USDC) using Coinbase Commerce, while bill payments on SWU can be made using an internal solution. The integration of new technology does not stop there; Chezswitch will soon become the first energy provider to establish itself in the metaverse; the company has already bought a parcel of property in Bloktopia and will shortly open its first store in Decentraland.

As a Mechanism To Promote Governance, DAO

As was already mentioned, one goal of the SWU project is to encourage the use of green energy by using a participatory finance model. A DAO (Decentralized Autonomous Organization) structure will be formed as the controlling entity for this endeavor. As the name implies, a DAO is intended to be automated and decentralized, giving the ability to make decisions to a collaborative communal process and an automated system. Community members will make up the SWU DAO and be able to cast votes using SWG governance tokens. Organizations looking for funding will be able to submit their initiatives, and network actors will vote by majority agreement on how to allocate money.