What is OpenVPP [Old] (OVPP)?
OpenVPP is a decentralized payment and tokenization layer designed specifically for the $10 trillion global electric utility industry. The project creates blockchain infrastructure tailored to modernize energy payments and enable seamless integration of distributed energy resources (DERs) such as electric vehicles, solar panels, batteries, and smart thermostats. The platform addresses inefficiencies in legacy energy payment systems by providing regulatory-compliant, on-chain infrastructure for accounting, usage tracking, and payments.
How does OpenVPP [Old] work?
OpenVPP operates 24/7 with stablecoin-based settlement, enabling machine-automated processes and micropayments required by smart energy applications. OpenVPP's technology stack includes three core components: a bespoke stablecoin payments layer with direct stablecoin integration, a decentralized integration layer for DERs described as "DNS for DERs" with standardized APIs, and gas abstraction for seamless customer experience through OAuth-based secure wallet access. The platform currently operates over 175,000 devices deployed worldwide.
