Energy Ledger: Blockchain-Based Energy Value Trading and Management System

The Energy Ledger whitepaper was written and released by the core Energy Ledger team in 2025, against the backdrop of the growing demand for digital transformation and sustainable development in the energy industry. It aims to address pain points such as inefficiency and lack of trust in traditional energy trading and management, and to explore the application potential of blockchain technology in building the future energy ecosystem.

The theme of the Energy Ledger whitepaper is “Energy Ledger: A Blockchain-Based Decentralized Energy Trading and Management Platform.” What makes Energy Ledger unique is its proposal of “energy asset tokenization” and “smart contract-driven P2P energy trading” mechanisms to realize the value flow and efficient matching of energy; its significance lies in providing a transparent, efficient, and secure trading and collaboration infrastructure for the global energy market, significantly reducing transaction costs and market entry barriers.

The original intention of Energy Ledger is to build an open, fair, and decentralized energy ecosystem that empowers individual participants. The core viewpoint expounded in the Energy Ledger whitepaper is: by combining the immutability of blockchain with the automated execution of smart contracts, to achieve digital management and peer-to-peer trading of energy assets, thereby promoting the democratization and efficiency of the energy market and accelerating the global energy transition.

Interested researchers can access the original Energy Ledger whitepaper. Energy Ledger whitepaper link: https://garrettpete.files.wordpress.com/2021/01/whitepaper.pdf

Energy Ledger whitepaper summary

Author: Priya Narayanan

Last updated: 2025-11-20 17:52

The following is a summary of the Energy Ledger whitepaper, expressed in simple terms to help you quickly understand the Energy Ledger whitepaper and gain a clearer understanding of Energy Ledger.

Sorry, friend! Regarding the “Energy Ledger” project you mentioned, I encountered some challenges when searching for its whitepaper and official detailed information. There are several blockchain projects on the market with similar names or the same token symbol (ELX), which may cause confusion. For example, there is a project called “Powerledger” (token POWR) that focuses on renewable energy trading and has a detailed whitepaper and abundant resources. At the same time, there is also a project called “Elixir” (token ELX), which mainly focuses on institutional liquidity solutions in the decentralized finance (DeFi) sector. As for the “Energy Ledger” (ELX) project you may be referring to, which aims to be applied in the oil and gas industry, I have gathered some scattered but valuable information. Since I was unable to find the project’s official whitepaper or comprehensive official materials, I will provide you with a brief introduction based on the available information.

What is Energy Ledger

The “Energy Ledger” (ELX) project aims to leverage blockchain technology to provide a standardized software development platform for energy value transactions, with a particular focus on the oil and gas industry. You can think of it as a “digital ledger” specifically designed to record and manage the entire process of oil from extraction to storage and then to distribution. The core goal of this project is to address issues in the crude oil market, such as “contango” and “backwardation,” by using a blockchain system to better manage and understand the scarcity of crude oil storage and to incentivize long-term storage of crude oil.

In addition, it also hopes to use the existing oil and gas industry as a starting point to promote a “green evolution” in the energy sector. This means it will focus on tracking carbon emissions and may offset these emissions through carbon credits in the form of non-fungible tokens (NFTs), helping companies achieve net-zero carbon emissions. The project also mentions an “Energy Ledger ERP” system, similar to enterprise resource planning software, used to manage the supply chain and improve business efficiency.

Project Vision and Value Proposition

The vision of the project is to become the standard platform for value transactions in the energy industry on the blockchain. It hopes to improve the transparency and traceability of the energy supply chain by introducing blockchain technology, thereby optimizing business processes. For example, smart contracts—a type of self-executing protocol stored on the blockchain—can help capture performance metrics in the supply chain and associate them with preset processes, enabling continuous improvement of business processes.

Compared with traditional energy management methods, Energy Ledger attempts to provide a decentralized, tamper-proof data solution through blockchain to meet the data management needs of the energy industry. It also envisions that, through the ELX token, traditional oil and gas companies can more easily convert their gas station networks into electric vehicle charging facilities.

Technical Features

According to available information, the Energy Ledger project operates on Ethereum’s Solidity ecosystem and the IBM Hyperledger platform. Ethereum is an open-source blockchain platform that allows developers to build and deploy decentralized applications (DApps) and smart contracts. Solidity is the programming language for writing Ethereum smart contracts. IBM Hyperledger is a suite of open-source tools and frameworks for building enterprise-grade blockchain solutions, typically used in consortium or private chain scenarios.

The project has some public repositories on GitHub, including User UI, Smart Contract, Admin, and Node-API, indicating that it is developing related technical components. Among them, the smart contract part is written in Solidity.

In addition, there is a GitHub project called “energy-ledger-2.0,” which describes a tokenized carbon credit market based on the Polygon blockchain, where carbon credit tokens (CCTs) are ERC20 tokens, and “green NFTs” serve as proof of CO2 reduction audits. This may be related to the main project or may be an independent development using similar concepts.

Tokenomics

The token symbol for Energy Ledger is ELX, which is an ERC-20 standard token based on Ethereum. ERC-20 is a technical standard for issuing fungible tokens on the Ethereum blockchain, ensuring token interoperability.

Basic information about the token:

Total supply: 714,000,000 ELX.
Maximum supply: 714,000,000 ELX.
Current circulating supply: According to Bitget, about 184,543,100 ELX; Bitget Wallet shows 567.41M ELX.
Market value: The current market value is very low, about $3.63K.

Token utility:

The main purpose of the ELX token is to carry data related to transactions in the energy industry. This means that during the minting, sending, and burning of the token, ELX can be used to transmit data and operator information. In addition to serving as a data carrier, the ELX token can also be used for:

Arbitrage trading: Since ELX is a frequently traded cryptocurrency, its price fluctuates, and investors can profit by buying low and selling high.
Staking or lending: Holders can also earn returns by staking or lending ELX.

It should be noted that tokenomics refers to the analysis of factors affecting the value of digital assets, including supply, demand, issuance, distribution, burning, and incentive mechanisms. Currently, detailed information on the distribution and unlocking of ELX tokens has not been clearly disclosed.

Team, Governance, and Funding

According to available information, the founder and CEO of Energy Ledger is Pete, who proposed the concept of the project in 2018. However, more detailed information about core team members, team characteristics, specific governance mechanisms, treasury size, and funding operations is very limited in public sources.

Roadmap

Due to the lack of an official whitepaper, the project’s detailed roadmap—that is, the timeline and key plans for project development—is currently unavailable. The initial concept of the project was in 2018, but subsequent development milestones and future plans have not been detailed in public information.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and Energy Ledger is no exception. Here are some common risk points:

Information transparency risk: The lack of an official whitepaper and detailed official materials makes it difficult for investors to fully understand the project’s technical details, team background, development plans, and potential risks.
Market value and liquidity risk: The current market value of ELX is very low, and liquidity may be insufficient, which means that buying and selling tokens may be difficult, and price fluctuations may be very volatile.
Technical and security risk: Although the project mentions the use of Ethereum and IBM Hyperledger, there is a lack of public information on specific implementation details, smart contract audits, and potential technical vulnerabilities.
Competition risk: There are other more mature and well-known projects in the energy blockchain sector, such as Powerledger (POWR), which has a strong market position in renewable energy trading.
Compliance and operational risk: Regulatory policies in the blockchain and cryptocurrency sector are still evolving, which may affect the operation and development of the project.
Investment advice: Please remember, the above information is for reference only and does not constitute any investment advice. The cryptocurrency market is highly volatile and investment is risky. Please be sure to conduct thorough independent research and make decisions based on your own risk tolerance.

Verification Checklist

Due to the lack of official materials, here are some aspects you can verify yourself:

Block explorer contract address: The contract address for the ELX token is 0x9048c33c7bae0bbe9ad702b17b4453a83900d154. You can check the contract’s transaction records, number of holding addresses, and token circulation on Ethereum block explorers such as Etherscan.
GitHub activity: Visit the “Energy-Ledger” GitHub page (github.com/Energy-Ledger) to check code update frequency, commit history, and community contributions to assess the project’s development activity.

Project Summary

In summary, “Energy Ledger” (ELX) is a project attempting to apply blockchain technology to the oil and gas industry, aiming to optimize supply chain management, incentivize crude oil storage, and potentially promote green energy transformation through carbon credit mechanisms. The project utilizes technologies such as Ethereum and IBM Hyperledger and has issued the ERC-20 token ELX for data carrying and transactions. However, due to the lack of an official whitepaper and detailed public information, especially regarding the team, governance, and future roadmap, it is difficult to make a comprehensive assessment. In addition, its token currently has a very low market value, which also indicates potential risks.

In the cryptocurrency field, information transparency is an important sign of a project’s healthy development. For any project, especially those with unclear information, it is recommended that you remain highly vigilant and conduct in-depth independent research. Please remember, this is not investment advice, and cryptocurrency investment carries significant risks.

For more details, please conduct your own research and judgment.

Disclaimer: The above interpretations are the author's personal opinions. Please verify the accuracy of all information independently. These interpretations do not represent the platform's views and are not intended as investment advice. For more details about the project, please refer to its whitepaper.