Backwardation means oil today is worth more than oil in the future.” (Salzman, A., 2020). With this issue coming to fruition, Energy Ledger was formed to prove the concept and eventual execution of a deployed blockchain solution for crude oil storage units. Smart contract process characteristics portend potential energy ledger elx business process continuous improvement for supply chain processes. The potential for supply chain business process improvements can be situated in blockchain information that may capture performance metrics in ledgers; linking them to agree upon processes (S. Saberi, M. Kouhizadeh, J. Sarkis & L. Shen., 2019).
Energy Ledger Price Chart US Dollar (ELX/USD)
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ELX Price Statistics
Coinlore provides independent cryptocurrency / coin prices calculated by its own algorithm, and other metrics such as markets, volumes, historical prices, charts, coin market caps, blockchain info, API, widgets, and more. We also gather additional information from different sources to ensure we cover all necessary data or events. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 845 exchanges. Energy Ledger is a company and token seeking to provide an energy value trade platform on the blockchain for the management of oil from ground to barrel to distribution.
Energy Ledger Blockchain Stats
- We also gather additional information from different sources to ensure we cover all necessary data or events.
- Energy Ledger is a company and token seeking to provide an energy value trade platform on the blockchain for the management of oil from ground to barrel to distribution.
- The goal and intent of creating this generalized crypto-commodity is to (i) create a cryptocurrency that can be utilized by the energy industry to manage oil containers, and (ii) to incentivize the long term storage of crude oil through investment in the ecosystem.
- With this issue coming to fruition, Energy Ledger was formed to prove the concept and eventual execution of a deployed blockchain solution for crude oil storage units.
To check Energy Ledger’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. After the token’s launch on Dec 26, 2020, on the Ethereum platform, over 811 wallets have acquired ELX, with a recorded total of 11,334 successful token transactions to date.
Energy Ledger Price
Energy Ledger Inc. seeks to make ELX the standard software development platform for energy value trade on the blockchain. The goal and intent of creating this generalized crypto-commodity is to (i) create a cryptocurrency that can be utilized by the energy industry to manage oil containers, and (ii) to incentivize the long term storage of crude oil through investment in the ecosystem. The idea for ELX was originally conceptualized in 2018 by founder and CEO of Energy Ledger Inc., William G. Pete, who identified the potential for Crude Oil markets to fall into contango or backwardation due to the lack of a computer system such as blockchain being developed to manage and understand the scarcity of storage for crude oil.
Energy Ledger price today is $ 0.00 with a 24-hour trading volume of $ 0.00, market cap of $ 0.00, and market dominance of 0.00%. The Energy Ledger price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Cryptocurrency prices can be volatile and unpredictable, and may be influenced https://turbo-tax.org/ by various factors, including market manipulation, regulatory changes, and technological developments. An overview showing the statistics of Energy Ledger, such as the base and quote currency, the rank, and trading volume. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.