NovaTeqni introduces a blockchain based green power solution for those without electricity

NovaTeqni (TSXV: NTQ) has introduced a blockchain based solar power solution that enables people to obtain electricity by making it available without a significant investment.

As quoted in the press release:

NovaTeqni’s range of solutions will cater for, not only the outright purchase of electricity, but will allow prepaid or postpaid payments based on time or actual consumption on a secure pay as you go basis. This flexibility is crucial to cater for all use cases including enabling poor communities where villagers cannot pay for a complete system to light up their homes after dark.

The Company’s initial goal is to supply more than 1 Megawatt of power through the distributed and microgrid systems.

To quickly rollout the system, NovaTeqni aims to partner with telecommunication companies, government departments and aid organizations.

Gerhard Mynhardt CEO of Novateqni, stated “This is a big step forward to improve the lives of hundreds of millions of people. The use of blockchain for this application provides real advantages with regards to security, cross system token transfers and payments.”

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