Maoneng, one of Australia’s leading solar developers and owner of renewable energy assets, announces today the launch of Transcendence, a blockchain-based platform for the development and management of, renewable energy projects. The platform will promote socially valuable infrastructure projects. The project has been developed with the support of Simon Corbell, the Former Deputy Chief Minister of the Australian Capital Territory, Attorney-General, and Minister for the Environment and Climate Change.
The current model for renewable infrastructure development worldwide is a closed system, difficult to access for local communities and smaller organizations. Even with the current projects and global drive towards sustainable development, we won’t hit the tipping point of renewable energy for nearly another twenty years, until 2035. Large corporations, governmental officials, experienced investors, and big banks dominate this opaque and closed system. These participants often focus on profits and high fee structures, rather than the development and completion of the project itself. The result is often an inefficient and closed industry.
The Transcendence (TSD) platform addresses the pain points of the industry, simplifying complex projects through a blockchain powered model that is open and transparent to all participants. Transcendence provides an end to end solution for all who want to create, finance, and develop complex infrastructure and sustainable energy projects. The decentralized ledger technology provides a solution that allows multiple participants to interact with each other, with the certainty of contractual obligations and the ability to track every interaction, making sure nothing slips through the cracks.
The TSD platform will be available to a wide range of industry participants, including: entrepreneurs, developers and builders, equipment manufacturers, community leaders, and engineers. Everyone can get involved in the drive towards the mass adoption of sustainable energy.
TSD will assist all aspects of project development including:
- Concept origination and site identification
- Scoping, financial modeling, and planning
- Feasibility studies
- Permissions, financing and contracting
- Engineering, construction, and commercial operation.
The recently released MVP, gives users a unique chance to experience the look and feel of the platform from different perspectives: landowners, developers, and investors. Each is given the change to preview how the platform will work. The MVP gives landowners the experience of finding, measuring, and listing their land in exchange for both cash and TSD tokens; developers the chance to view a land listing from a landowner, and field quotes from service providers; and investors the chance to scope out the marketplace and different listings available.
“We have witnessed first hand the problems in the sustainable energy community,” said Qiao Nan Han, CEO of Transcendence. “As the industry stands now, there is no culpability for large corporations who are more focused on profit than creating a longstanding project. The Transcendence platform not only opens up sustainable projects to people outside of big banks and institutions, but it also holds participants accountable, tracking every development along the way.”
“Transcendence is an innovative and powerful new platform aiming to leverage the decentralized capability of renewable energy,” adds Simon Corbell. “Its focus is on enabling more renewable energy projects to be developed more quickly, led by a range of new players. Accelerating development of renewable energy is vital to secure a sustainable future for all. “
For more information, see the Transcendence White Paper here.
Maoneng is an Australian-Chinese group focused on developing and operating large scale renewable energy projects in Australia and Asia-Pacific. Collectively, the Maoneng team has over has experience delivering over 50 billion worth of infrastructure globally. Maoneng takes a holistic approach towards the development of large scale renewable power stations, having built a team that specialises across the entire value chain: project development, project finance, construction management and operations.
Transcendence is a blockchain-based platform for the development and management of sustainable, renewable energy and socially valuable infrastructure projects. Transcendence (TSD) aims to empower individuals who are interested in sustainable infrastructure development to collaborate, raise capital and deliver projects via a blockchain-based platform. It seeks to reinvent the existing infrastructure development industry that is dominated by incumbent players including investment banks, financial institutions and wholesale investors.