The Lition Energy Exchange brings transparency and sustainability into the currently closed-off energy system by directly connecting green energy producers with smart consumers. Through Lition’s novel blockchain technology, energy producers will enjoy 30 percent higher returns while consumers will pay 20 percent lower prices.
Lition makes this possible by taking out middlemen and through lean company structures and efficient processes. The Berlin-based energy supplier has received hard-to-get energy licenses in March this year and has already built a significant client base covering eleven German cities.
The present-day energy sector is dominated by large conglomerates and the distribution process is complex and filled with intermediaries. This means consumers pay higher prices and can’t be certain where their “green energy” is coming from.The Lition blockchain technology disrupts this practice, providing end-to-end transparency, allowing consumers to directly connect with guaranteed 100 percent green power plants.
The growing Lition ecosystem will be powered by utility tokens,enabling token holders within the ecosystem to get even cheaper energy or trade access to energy on the platform. Because the app is built on blockchain technology, it simplifies the process of energy trading, by using transparent smart contracts, which allow to bypass all of the complexity of energy distribution and broker involvement.