|The solar energy blockchain for climate change and beyond|
Solar energy incentive
Climate change mitigation
Internet of Things
|Grants issued:||9 Million MWh solar energy in 64 countries (July 2018)|
|Affiliates:||SolarCoin, NASA, MIT, IBM, Ethereum, Microsoft, United Nations, UNDP, IRENA|
ElectriCChain is a nonprofit affiliate of renewable energy cryptocurrency SolarCoin. It is a distributed ledger and the self-organizing, decentralized swarm intelligence Internet of Things (IoT) that forms SolarCoin's blockchain backbone.
SolarCoin aims to incentivize a planet powered largely by solar energy. To this end, the project is on a mission to build the foundation for a global energy transition by awarding SolarCoins to solar energy producers, creating the first global, energy-referenced currency
The initiative was cofounded by SolarCoin cofounders and Starlab alumni Nick Gogerty and Christopher Altman with solar advocates Luke Johnson and François Sonnet, with support from the SolarCoin Foundation. To date, the project has granted more than 12 TWh of solar power across 71 countries—the equivalent energy consumed by 12 million US households in a month—well over enough to power the city of Amsterdam and its residents for a full year.
ElectriCChain was cofounded in January 2016. The project's initial focus is to monitor open solar energy generation data from the seven million solar generators installed worldwide. As SolarCoin's blockchain backbone, ElectriCChain records all ledger transactions to the blockchain. The currency is granted as an incentive to solar producers, functioning both as a digital asset and as a solar power production reward.
As a reward for renewable solar energy, SolarCoin is earned at the rate of 1 § (SLR) per MWh, with 97,500 terawatt-hours of generation to be distributed over the next 35 years following annual growth projections for solar energy production, which places the value of SolarCoin's total market supply in the number three position behind cryptocurrencies Bitcoin and Ripple.
The project has partnered to create solar energy initiatives with NASA, Massachusetts Institute of Technology, IBM, Xerox Parc, Accenture, and the Microsoft/Ethereum BaaS—blockchain as a service platform—among others. It has been recognized by the United Nations and the International Renewable Energy Agency (IRENA).
The ElectriCChain initiative forms the lowest carbon currency, the largest environmental monitoring experiment, and the largest private renewable energy project in the world. As Elon Musk pointed out in his evolution of the mission of Tesla Motors from a transportation focus to an energy focus, these systems will scale rapidly.
Our mission in founding SolarCoin and ElectriCChain—to accelerate our societal transition from petroleum-dependent, war-scourged, scarcity economics to a renewable energy based, peaceful, post-scarcity economy—is now shared with Elon Musk.
– Christopher Altman, Cofounder and Chief Scientist
ElectriCChain features twelve active projects, including joint SolarCoin initiatives SpaceBelt and Skygold.
SpaceBelt is a space-based data storage company scheduled to launch a network of data storage satellites to provide high-speed global cloud storage satellites as a space-based data center designed for the secure transfer and storage of sensitive information. The organization will store its blockchain vault on the satellites.
The future development of a robust economy in low-Earth orbit (LEO) and beyond calls for a currency capable of supporting both ground-to-orbit and orbit-to-orbit transactions. SolarCoin presents an ideal candidate through both its global humanitarian mission and international footprint in congruence with the virtually unlimited abundance of solar energy in orbit.
SkyGold is an initiative to establish an orbital platform from which to claim SolarCoin from space-based solar panels as well as through operational satellites in real-time with a locally-installed SolarCoin space node.
In April 2018 SolarCoin and ElectriCChain partnered with the United Nations Development Program (UNDP) in a project to distribute SolarCoin to solar energy producers, starting with a UN-backed SolarFund in the state of Moldova.
See Also on BitcoinWiki
|• SolarCoin||• Christopher Altman|
|• Nick Gogerty||• François Sonnet|
|• Luke Johnson||• Steven Campbell|
|• Stéphanie Verbeke||• Starlab|