TraceX
- Year: 2024
- Award: World Summit Award
- Category: Environment & Green Energy
- Producer: Fiona Tiller
- Country: Australia
- URL: https://www.powerledger.io/platform-features/tracex
- Social:
TraceX is a transparent, automated platform that streamlines the Renewable Energy Certificate (REC) market, solving issues like opaque pricing, barriers to entry, and inefficient processes. By using blockchain technology, TraceX ensures verifiable REC transactions, reducing greenwashing and double counting, and providing businesses with real-time market insights to confidently meet their ESG goals. The platform simplifies contract management, KYC processes, and payment settlements for market intermediaries, while offering renewable energy generators the ability to maximize asset value. By increasing transparency and accessibility, TraceX empowers all stakeholders in the REC market—businesses, energy generators, and intermediaries—while driving efficiency and sustainability.