BETP leverages blockchain technology to facilitate secure and transparent transactions between all participants in a decentralized energy network.

Each transaction is recorded on an immutable ledger, accessible to all stakeholders and verifiable in real-time, reducing the risk of fraud and ensuring data integrity.

Smart contracts automate transaction execution based on predefined conditions, such as energy unit pricing or storage capacity thresholds, ensuring that energy trades are executed swiftly and in a trustless environment, without the need for intermediaries.

BETP offers a transparent and secure transaction ecosystem, bolstering trust among decentralized energy stakeholders.

It reduces the risk of fraud, enables real-time verification, and facilitates seamless energy trading across decentralized networks, thus accelerating market adoption.

Blockchain technology is mature enough to support secure and transparent transactions.

Costs could be substantial initially, particularly in development and integration with existing systems, but potential regulatory challenges are manageable with a clear legal framework around blockchain use in energy markets.

There is medium-level competition due to existing general transaction platforms attempting to pivot into energy sectors.