Can someone tell me what the real purpose of RED ? For what are they building this platform and all the Wifi Smart Meters and other partnerships that they have been creating
RED Platform is a decentralized energy trading platform on the blockchain. It offers Peer to Peer direct energy trading between energy consumers and energy producers. The WiFi Smart meters will be installed in consumers' homes and will be able to register energy consumption in real time on the SWAZM blockchain. This is huge.
The RED platform wants to create a human connection between the consumers and the producers. Like other platforms in the market, they make the connection between the supply and demand