Report: South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution – Bitcoin News

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Report: South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution – Bitcoin News
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Momint's blockchain solution has already been piloted at Delmas High School in South Africa’s Mpumalanga province. nft solarenergy

Report: South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution

Commenting on his company’s solution to South Africa’s power generation crisis, Ahren Posthumus, the CEO of Momint, said: Posthumus also claimed that his company does not expect to profit from the project which he described as “not financially sustainable.” The CEO claimed, however, that his organization chose to pursue this project because it wants to help South Africa overcome its power generation challenges.On why the startup chose blockchain, Posthumus insisted that this not only makes the project transparent but it also lowers risks for Momint.

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