An overview of INVIZION - Providing Renewable Energy Using Blockchain Technology
Blockchain technology has been in existence for a long time now and it has proven to be a potent tool in making the world a better place. This technology has helped move the world economic and financial sector to a new level. An example of the positive impact of blockchain technology is the cryptocurrency. The cryptocurrency has made financial transactions save, fast, seamless and borderless. Cryptocurrency has been blessing to the world economy.
However, the potential of blockchain technology has been hampered by stories circulating the internet about the effect of blockchain technology on the environment. This is due to the mining operation of cryptocurrency such as bitcoin which consumes large amount of energy. It is said that this operations consumes energy much more than a country.
Waste management has been in existence for a long time now and it has been adopted by many countries in the world today. Waste management involves tracking and ethical disposal of waste.However, it efficiency and reliability is been questioned today as not all waste produced is been taken care of and watse are sometimes disposed in an unethical manner.
The integration of blockchain technology into the framework of the waste management industry to produce green and renewable energy straight out of waste would be of great importance to the world as it would make our environment better and eco-friendly.
This is made possible through a project called INVIZION.
Introduction To INVIZION
INVIZION is a project dedicated to producing green and renewable energy straight out of waste in an automated process. INVIZION utilizes sophisticated technologies such as Decentralised Finance(DeFi), Internet Of Things (IOT) and Blockchain Technology in it operations to achieve this goal.
Before we go further let me introduce to you the tool that is used by INVIZION to facilitate this goal. NVZN TOKEN,
This is an utility token built on the ethereum network. It is used to give certificate of origin to waste. It is also being used to support projects aim at providing green and renewable energy.
How INVIZION Intends To Achieve It Goal
INVIZION ensures that waste are efficiently tracked in a way that guarantees that it is utilized properly.The waste as soon as it is produced is been given a certificate to origin using the NVZN token and equipped with IOT things sensor which enable it to be tracked easily. All information about the waste such as identity, movement records etc are securely stored on the blockchain which is immutable.
All waste tracked with NVZN tokens ends up being disposed ethically or recycled into renewable energy using a patented process designed by INVIZION’s partner CETS Technologies.
INVIZION has developed it own website which will be used to provide up-to-date information on all project done, also live video feed from it site of operations will be made available on the website for everyone.
The green energy produced is very valuable as it can be used in industries, hospitals, schools etc. A country with constant energy production will always be a stop-point for investors.
Conclusion
INVIZION is truly what is needed to bring about a constant change in the energy industry. With INVIZION, waste which causes nuisance to the environment will be reduced and taken care of in a ethical way which is not harmful to the climate.
Moreso, INVIZION in it vision of providing green energy will help in the reduction of carbon footprint in the world.
The integration of blockchain technology into the waste management industry would surely improve it efficiency and move it to new level.
The revolution introduced by blockchain technology will truly make the world a better place.
With INViZION, the popularity of blockchain technology and cryptocurrency would be increased.
For more information visit,
Website: https://nvzntoken
Whitepaper: https://nvzntoken.com/wp-content/uploads/2020/09/20200907-NVZN-WP.pdf
Telegram: https://t.me/nvznofficial
Twitter: https://twitter.com/NVZNOFFICIAL
YouTube channel: https://www.youtube.com/channel/UCkdBrUGHHjtc-DZ-Pl74Tjg
Author Details
Bitcointalk profile username; Assam Kingsley
Bitcointalk profile link; https://bitcointalk.org/index.php?action=profile;u=2676658;
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