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SunContract is devoted to transforming the renewable resource area with its blockchain-powered peer-to-peer energy trading platform. In this post, you can read our interview with Gregor Novak, the co-founder of SunContract.
Novak goes over the most recent developments in the market, the impacts of worldwide energy characteristics, and the methods which SunContract is improving its items with making use of advanced innovations like expert system, artificial intelligence, and non-fungible tokens.
Explore our discussion to find out how SunContract is leading the energy market’s development at every turn, instead of simply participating in its change.
Interview with Mr Gregor Novak, co-founder of SunContract
- Can you share any current advancements or turning points SunContract has accomplished in the previous year?
In 2017, SunContract originated the first-ever white paper on a peer-to-peer energy market, setting an international precedent. This effort was followed by an effective Initial Coin Offering (ICO) for the peer-to-peer energy market, which was finished on August 1, 2017.
On April 1, 2018, we released the world’s very first retail peer-to-peer energy market on a nationwide scale, attracting our preliminary client base mainly from the blockchain neighborhood. This early adoption by over a thousand blockchain lovers marked a substantial turning point, as they were the leaders on our platform.
Moving into 2019, SunContract broadened its operations by developing a workplace in Estonia. Here, we obtained a license to run as a cryptocurrency wallet custodian. This tactical relocation was vital for our development and compliance in the developing digital property landscape.
In 2021, we took a substantial advance by updating our platform to support energy self-dependent towns. This improvement shows our dedication to sustainable and community-driven energy services.
Over the previous 2 years, we have actually made significant development in broadening our services. We got an energy license and introduced the energy market in Croatia, while likewise preparing for operations in Estonia. We developed a workplace in Malta to line up with the upcoming Markets in Crypto-Assets Regulation (MiCA), a brand-new European regulative structure set to be appropriate from December 2023. Compliance with MiCA is vital for our growth, as it allows us to embrace and extend this guideline throughout European nations once we protect the requisite license in Malta.
- How have worldwide energy patterns in 2023 and early 2024 affected SunContract’s method and operations?
The worldwide energy patterns throughout 2023 and early 2024 have actually favorably affected SunContract’s technique and operations. With an increasing need for lower energy usage, our services are more pertinent than ever. We are dedicated to supporting this shift, using ingenious services that make it possible for neighborhoods to autonomously master their energy requires. These patterns line up well with our pioneering function in the market,
