Powerledger has partnered with the Midwest Renewable Energy Tracking System (M-RETS) to launch TraceX - a digital marketplace for trading Renewable Energy Certificates (RECS) in the United States.
TraceX is fully integrated with M-RETS, the largest voluntary REC registry in North America. Users are able to link their M-RETS account and import RECs to the marketplace once the link is established. Successful purchases in the marketplace are updated directly through to their M-RETS account.
Being blockchain-enabled, TraceX captures data pertaining to import and export trades, change in ownership and retirement events of environmental
attributes on a proprietary distributed ledger — providing an immutable and verifiable audit trail.