Blockchain Energy Saving Consortium (BESC) Is Finally Here!

Asia Blockchain Review

September 22, 2020

Recently, Blockchain Energy Saving Consortium (BESC), powered by EPC Blockchain had officially soft launched the platform virtually.

There are nine consortium members on-boarded including the two new additional members, who are G Environment Energy Solutions (GENES) and iCEE International (iCEE).

The soft launch has successfully taken place with nearly 100 participants from various countries and witnessed by the Chairman of Malaysia Green Technology and Climate Change Centre (MGTC), (previously known as Green Technology Malaysia), Prof Dato’ Ir A Bakar Jaafar.

MGTC Proposes National Carbon Credit Trading Scheme

Under UNFCC 1992, Malaysia has shared its “common responsibility, but with differentiated accountability” with an aim to reduce its greenhouse gas emissions by 45% in 2030.

“There is a need for the National Carbon Trading Scheme proposal to take place soonest. Aside from promoting the development of energy saving and renewable energy (ES&RE) projects, it can also improve the present state of national energy security and to realize the full potential of the vast renewable energy resources,” told by Prof Dato’ Ir A Bakar Jaafar during his keynote speech.

In alignment with MGTC’s national planning, the multi award winning and patent-pending BESC will be Malaysia’s first carbon credit marketplace. Currently, BESC is in the final stage of finalizing to be the official partner of MGTC.

COVID-19: Energy Efficiency Technology Investment in Economic Recovery Plan

The purpose of the power-packed event titled, “COVID 19: Energy Efficiency Technology Investment in Economic Recovery Plan” is to create awareness and educate the public on the energy efficiency and the benefits on investing into the technology especially during the recession impacted by Covid-19 pandemic, in additional to BESC virtual soft launch cum new consortium members onboarding.

There were approximately 100 participants who attended through Zoom meetings and Facebook Live events. Among all the participants, there were companies’ representatives from Singapore, Malaysia, India, Indonesia, Philippines, Pakistan, and England.

Just like Covid-19 pandemic, climate change has been affecting every country on every continent- disrupting national economies and affecting lives, costing people and communities, today and even more tomorrow.

To combat climate change, green energy is one of the key effective ways, especially in carbon emission reduction reversing impacts of global warming.

To reduce greenhouse gas emissions, BESC empowers the masses to mitigate climate change through encouraging investment into energy efficiency and renewable energy projects and carbon credit marketplace.

Cost-effective energy efficiency improvements can have positive macroeconomic impacts, boosting economic activity and often leading to increased employment.

New Consortium Members: GENES and iCEE

GENES seeks to create a better world by empowering people with innovative and sustainable energy solutions.

With GaedKeeper energy intelligence platform that leverages Artificial Intelligence and Blockchain, they have helped clients to improve their facilities’ efficiency and eliminate multiple losses.

The company’s founder, Mr Azhar Othman demonstrated how their expertise in technology, power generation and renewable energy had helped clients achieve tremendous savings at the same time reduce global warming.

iCEE is an award-winning building climate technology company since 2015. With 30 years of experience in chiller management, the iCEE Control System provides a condition-based monitoring system that receives real-time data from sensors, probes and power meters for analyses and then applies itself automatically to regulate the chiller to achieve optimum efficiency in operations. CEO Mr Prabodh K Sheth presented the company’s autonomous chiller optimization system.

Who is EPC Blockchain?

EPC Blockchain is a multi-award winning Malaysian start-up company that developed, leads and manages Blockchain Energy Savings Consortium (BESC) platform.

BESC works as a ledger for energy generation, energy use, energy reduction for any electrical equipment.

It is managed by a patent-pending blockchain operated intelligent energy management system used across industries, buildings or homes.

There are 9 consortium members till date, consisting of public universities, conglomerate and relevant industries players.

Jenny Hiew, who is the Director of Strategic Investment, has introduced BESC in various modules including project owners and/or developers, ESCO, auditors, and carbon credit marketplace. BESC is currently open for registration.

Above all, CTO Mr Tan Lim Soon Fu also announced in a Q & A session that BESC is now offering free membership for all until further notice.

Reference: 

BESC Introduction: link

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Asia Blockchain Review

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Asia Blockchain Review aims to connect all blockchain enthusiasts on a regional scale, facilitating the technological underpinnings of blockchain through a range of group discussions, technical workshops, conferences and consulting programs.

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