Phaeton is one such project that is making waves in the Australian market with its renewable blockchain solutions.
The world is moving towards a sustainable future, with several developed nations have already announced their carbon neutrality plan. However, the rising fears of global warming and climate change added to depleting the supply of natural reserves have called for an immediate action plan. Blockchain technology could become a perfect tool to accelerate the process. Decentralized technology is being increasingly used in several sectors, including but not limited to agriculture, real estate, healthcare, supply chain and many more. However, there have been very few blockchain projects with a core focus on sustainability and promoting renewable energy use.
Phaeton is one such project that is making waves in the Australian market with its renewable blockchain solutions. The Phaeton Blockchain, powered by renewable energy, is the first of its type. It ensures the speed, security, and intelligence of blockchains while also contributing to the global carbon crisis in a constructive way. Renewable energy sources, such as solar, wind, geothermal, and hydrogen, power Phaeton Blockchain activities, decreasing carbon emissions. Furthermore, for the benefit of its shareholders and token holders, Phaeton’s investments ensure that all business operations are financially sustainable in the short and long term.
Every blockchain application and investment in Phaeton’s ecosystem has a specific goal in mind, not just to be trendy. Phaeton’s NFT marketplace, for example, isn’t just another platform for minting and selling NFTs like hundreds of others. The NFT paradigm, on the other hand, is applied in a Carbon Credit Exchange and a Real Estate Marketplace. Both have a higher perceived value. Phaeton has attracted much attention because of its rapid growth. Three stockbroking organizations, including the ASX (Australian Stock Exchange), TSX (Toronto Stock Exchange), and NASDAQ (National Association of Securities Dealers Automated Quotations), have recently approached Phaeton about listing on the Stock Exchange. The latter is what Phaeton is chasing.
Australia Has Become a Breeding Ground for Renewable Project
Australia has swiftly grown to become one of the hubs for renewable crypto projects. The government has made way for more explicit regulations around the crypto market and has offered subsidies to support blockchain projects. Phaeton is one of the many examples of what a supportive regulatory environment can do for a project. The Phaeton initiative has decided to invest in a variety of green industries. However, compared to other blockchain networks, Phaeton’s silos or ecosystem set it apart.
Four key Phaeton silos specialize in a different [DR1] focusing on renewable and green energy.
- Phaeton Blockchain Data Centers: These data centers are fueled by sustainable energy, unlike other data centres. Phaeton will own and operate the infrastructure that underpins the Phaeton Blockchain Platform.
- Phaeton Energy: This section focuses on renewable energy and is managed by a dedicated team of experts. Micro-Grid Solar Farms, Vanadium Batteries, Geothermal, Wind, and Hydrogen are some available products.
- Phaeton Real Estate: It is a well-known fact that real estate ownership generates wealth. Phaeton is gradually assembling a portfolio of real estate properties. The portfolio will be tokenized once it has reached a critical amount of assets.
- Decentralized finance and exchanges in Phaeton: This category encompasses several products. Phaeton has designed the Carbon Credit Exchange and Real Estate TNFTs using an NFT paradigm. Phaeton has also established the Phaeton ESG Bond Exchange to help fund its renewable energy infrastructure expansion.
Phaeton has developed a Blockchain platform to make a positive social impact. Phaeton Technology is developing a Social Impact Platform with a suite of established technology and a strong management structure that incubates designs and collaborates with new and established business enterprises. These enterprises must address social and environmental challenges in line with the United Nations’ Sustainable Development Goals.
The goal is to identify current social problems in our communities and determine how they can be addressed using Blockchain technology. Phaeton works with companies of all sizes, government agencies, non-profit organizations, impact investors, philanthropists, and technologists who want to make a difference in the world.
Phaeton Inspires New Use Case for Defi and NFT
Decentralization plays a vital role in every aspect of the Phaeton ecosystem. It aims to build new use cases for existing popular ecosystems such as decentralized finance(defi) and Non-Fungible Tokens (NFTs). Phaeton also acts as an incubation hub for developing startups to flourish on its native Blockchain. In turn, it makes the Phaeton blockchain more useful. At the same time, the startups and small companies grow to become the unicorns of tomorrow.
Phaeton’s goal as an Incubator Blockchain Platform is to aid Social Impact startups and corporations with their Blockchain Technology Services. Their business approach is predicated on only taking on initiatives that (1) have a positive social impact and (2) are real-world examples of how Blockchain can help.