Solcrypto Publishes 1-year of Solar Energy Blockchain Research in a Ground Breaking White Paper.

in #blockchain8 years ago

The full paper can be found here. It is the original white paper that inspired the ElectriCChain.

Entitled "Connecting the Blockchain to the Sun to Save the Planet" the paper goes through a detailed approach to connect solar energy produced and connecting it to a distributed ledger for electricity trade. Work started on this in mid-2014 and it was finally summarised in late 2015.
In Luke Johnson’s ground breaking white paper an explanation is made for the first link from solar energy directly into the financial network via a blockchain. Using a solar panel and datalogger/inverter software Luke is generating SolarCoins directly from the sun’s energy.
A breakdown of components used in this project is also available.

Abstract

The purpose of this work is to show how Solarcoin can operate, its added value and further to show how a solar powered node on the Solarcoin blockchain can potentially operate. The aim of this document is to disseminate valuable information that crosses over between solar engineering, ad-hoc network engineering and finally blockchain development. The work starts by introducing how to get Solarcoin- either generating it from solar energy, or by trading it. Then the work goes on to explain a general overview regarding how blockchains operate for people who are new to the blockchain technology. And finally the document details plans for a solar powered Solarcoin node that generates Solarcoin and simultaneously protects the transparent consensus ledger. A solar powered Solarcoin node was constructed and tested for an 11-month period and still ongoing at our research labs in Tokyo. The details of the construction and operation of this setup were documented. This document was written in the intent of freely distributing information so that further innovation can occur in the future. In the future, it is hoped that the process of creating an open source solarcoin blockchain node will be streamlined and simpler, so that solarcoin nodes can proliferate. This will enable more people to benefit from the added value that solarcoin has for planet Earth, and its people.

Sort:  

Interesting read. Solar energy belongs on the blockchain!

It is only a matter of time before 🌞 energy is traded on the blockchain!

Thanks @irit. Lots going on under the hood on this.

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.028
BTC 54370.47
ETH 2283.51
USDT 1.00
SBD 2.33