We’re incredibly proud to announce that Powerledger’s TraceX has been recognised as one of the 40 winners of the 2024 World Summit Awards (WSA) in the category of Environment & Green Energy.
Selected from over 400 solutions worldwide, this prestigious recognition underscores TraceX’s innovative approach to solving some of the most persistent challenges in the environmental commodities market.
The WSA is a highly diverse and democratic award system, that selects and promotes the world’s best digital innovation with impact on society.
What this means for TraceX
At its core, TraceX represents a commitment to combining cutting-edge technology like blockchain with tangible social and environmental impact. Winning the WSA 2024 is a validation of our mission to:
✅ Innovate technically for creating efficiency
✅ Drive transparency and accountability in the energy and environmental commodities markets.
✅ Contribute to the advancement of the UN Sustainable Development Goals (SDGs).
Our platform streamlines the traditionally opaque and fragmented processes of the environmental commodities market, making it seamless, transparent, and efficient. This recognition from the WSA Grand Jury shines a spotlight on how TraceX is reshaping the future of energy markets.
Driving positive change with technology
The environmental commodities market faces significant challenges, including a lack of pricing transparency, which creates inefficiencies and confusion for stakeholders. Small to medium C&I customers struggle with high entry barriers due to cost and complexity, while resource-intensive KYC and contract management processes add further friction. Limited data on REC attributes undermines buyer confidence and complicates ESG reporting, while the absence of real-time market insights leads to uninformed decision-making.
TraceX goes beyond being just a solution and addresses these challenges to make environmental markets efficient, transparent and economical, unlocking a carbon-free future.
This achievement fuels our drive to continue pushing boundaries, improve market integrity, and make sustainability accessible and practical for all.
Thank you for believing in us
We share this recognition with all our partners, customers, and advocates who have believed in our vision. Let’s keep working toward a sustainable energy future, together. We’re honored to join a global WSA community of innovators, changemakers, and thought leaders pushing the boundaries of digital impact.
Whether you’re a renewable energy generator, a corporation with sustainability goals, or a broker/trader, TraceX offers valuable benefits for everyone.
Book a demo today and see how we can help.
