NEW YORK, Jan. 21 (Xinhua) -- Hong Kong-based blockchain startup New Power Foundation Ltd. is working to roll out a public blockchain platform that allows worldwide investors to invest in green energy projects in various countries through purchasing tokens, according to the company's CEO Alisa Wang.
While planning to issue its own utility token named "New Power Coin" next month, New Power has been in talks with promoters of green energy projects in Europe, and has started to engage with such projects in the United States, Wang said on the sidelines of the 2020 Block Talk Summit held over the weekend in New York City.
The company's platform may facilitate trading of underlying assets, fundraising for new projects, peer-to-peer electricity sales and purchase as well as sharing of charging and leasing.
Investors will be able to buy crypto currency first and then New Power's utility tokens, which can be used to invest in green assets, Wang said.
Investment in green assets via New Power is expected to bring in dividends and investors can make fractional investment into big-ticket projects, according to George Yan, chief marketing officer of New Power.
Project promoters will be able to raise money through New Power with lower fundraising costs, while investors will have higher investment returns, Yan told Xinhua, adding that investors will be able to select candidate investment projects in terms of risks, geography and other indicators.
The company's blockchain platform in the Chinese mainland, known as New Power Chain, is based on an industry alliance and no token is issued according to Chinese regulations. A number of green assets have been put on the blockchain and transactions have been executed on the blockchain, Wang said.
The company commits itself to building a self-trusted and self-operating environment for the world of green assets, and enabling worldwide value exploration and free circulation of green assets by tapping emerging digital technologies such as blockchain.
New Power co-hosted the 2020 Block Talk Summit with New York-based blockchain consulting firm BlockTalk. The summit attracted 300 attendees from relevant industries, universities and blockchain startups, and featured speakers included David Weild, former vice chairman of Nasdaq, Paul Johnson, adjunct professor at Columbia University Business School, and others.