At CryptoFizz we’re always challenging ourselves to deliver content that is more valuable to the reader than we did the previous day. This is our first piece in a new series of articles and podcasts we’re calling Chain of Influence. We will be asking leaders in the blockchain industry about their journey in this space thus far, best practices, and key insights.
Since we’re big fans of what Power Ledger is doing, we decided to reach out and learn more about how they think and operate as a team instead of the typical “when do you moon” article.
Below are the questions and responses:
If you look at the current landscape, it appears that in every industry, blockchain technology is being mentioned or tested in some way. Based on what your team is attempting to accomplish, how does your project change lives and make the world a better place?
Globally, and first in places like Europe, the U.S. and Australia, we’re seeing an increasing trend towards the decentralization of our energy system. Historically we were supplied by centralized, large power stations, a long way from where that energy was being consumed. Consumers just got what they were given. But with the rise of renewable energy resources, more and more consumers are taking control of their own energy requirements. Since the system was modelled for only central players to feed the energy supply, consumers producing energy don’t get fair value for their investment. The Power Ledger Platform allows consumers to receive the benefits of these investments, by selling their excess energy through our Peer-to-Peer Trading Application. We’re proving to utilities that sustainability can be profitable and we are giving power, quite literally, back to the people when it comes to their energy futures.
Individuals, groups, teams, and companies define success in different ways. Some based on profit, time constraints, community feedback, etc. How do you know when your project is a “success”?
Power ledger runs by providing an energy trading platform and service and the economy we’ve created drives the value of the token. POWR is a utility token so the better we do as a business, the more the POWR token-economy thrives. We’re focussed on the product, the platform and the community and if we keep focused on those parts the rest will look after itself. Success for us would include mass uptake of the Power Ledger platform, maintaining a positive community sentiment, and informing the regulatory environment to place consumers at the heart of the marketplace.
All organizations, no matter how they are run or the makeup of the team, encounter problems. These could be internal team conflicts, product issues, financial concerns, and a number of other things. When problems arise, how does your team solve them?
One thing that facilitates a strong team is our shared vision and ideology for a clean energy future, co-created by everyone. In addition, communication is key. We try to foster an environment where everyone feels safe to ask questions without fear of judgement. We’ve got an incredibly skilled team with a diverse skill set. It means that each team member is able to compliment one another and nobody feels too frightened to speak with someone in senior management if they can foresee a problem. The other side to that is we try to function in a proactive rather than reactive way, from business development, marketing, legal or tech — how can we plan for any potential risks that come our way and minimise those risks before they negatively impact our business.
Well, there you have it, guys. Power Ledger is a well-oiled machine…i mean…well-lit solar panel? Anyways, we would like to thank Aimie Rigas at Power Ledger for taking the time out of her very busy schedule to facilitate this Q&A. We have been big fans for a while now and we wrote an article a few months back on what they’re doing titled: Power Ledger – A Smart Energy Grid Solution.
Thanks for reading!