Candela Coin (CLA)

Candela Coin is an innovative new project. We are decentralizing solar energy and building software that utilizes blockchain technology for peer-to-peer energy transfer and the democratization of energy.

Whitepaper

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What is Candela Coin

Our vision is to create truly decentralized solar energy all across the world made up of we the people, not the power companies or middlemen. We have created IoT hardware and software for seamless peer-to-peer energy transfer. By using blockchain technology we enable owners of solar panels to sell their generated energy to other users, bringing in the best returns possible for their solar energy and the cheapest green energy on the market. People across the globe will be able to transfer solar energy to others in their communities using Candela coin as a medium of exchange. Our decentralized system does not rely on the existing power grid infrastructure. In the event of inclement weather, power outages, or down power lines, decentralized solar power will still be able to be generated and provide electricity to the community. Candela is the impetus for the democratization of energy.

The age of transactive energy in the sharing economy is upon us, and its widespread
adoption depends on a secure and robust means for rewarding participation.

Digitization is coming to the energy industry as many key network, sensor, computing, and
communication technologies make it possible to drive decentralization of the electric grid
and energy market. Tokenization will play a vital role in securely exchanging grid edge data
between users and devices, safely opening up the electric power market to broad
participation. Peer-to-peer exchange of energy is upon us!

Candela coin's goal is to truly democratize and decentralize energy for all so that the
world is no longer dependant on large monopolies and corporations for their energy.
We aim to do this by removing the current infrastructure that keeps our nations tied to
these corporations and entities. We are offering innovative IoT hardware that enables
users to receive and store energy, while at the same time giving them a single point of
seamless transaction to buy and sell energy. We are truly aiming to empower the
people.

Candela's open-source ecosystem allows users to participate in every way possible.
Everybody is a contributor. Candela coin is unique in that it allows users who aren't
prosumers to add liquidity to the energy market. By doing this we believe that we can
truly democratize and decentralize energy.