Founder of Hash Global: How to build a global green energy data network based on Web3?

The global distributed green energy network requires credible accounting books to record the production and use data, and then carry out effective and real-time benefit distribution, effectively motivating global participants to build, share and share.

Written by: KK, Founder of Hash Global

Since the "United Nations Framework Convention on Climate Change" came into effect on March 21, 1994, governments around the world, many non-governmental organizations, companies and individuals have been making continuous efforts to achieve global carbon neutrality. We have no shortage of green energy production equipment and technologies, and the use of green energy has been greatly expanded, but a global green energy ecological network has not been effectively built. The core reason I think is the lack of network-wide support. letter data. Energy networks also need to be globalized and digitized.

A global distributed green energy network requires a credible accounting book to record the production and usage data, and then based on this, effective and real-time benefit distribution is carried out, thereby effectively motivating participants from all over the world to build, share and share network. We need to record three aspects of data:

1. Power generation and energy storage. When green energy is generated and supplied, the data can be accurately and credibly registered, cannot be tampered with or the cost of falsification exceeds economic feasibility, and can be transparently checked without permission on a global scale;
2. Transactions. The transmission and trading of green energy;
3. Consumption. means the use of green energy;

And to solve these data problems, we need to:

1. The Internet of Things terminal at the physical layer realizes real-time data collection;
2. The network layer can support safe and reliable data transmission and storage;
3. The blockchain is used as the settlement layer. The data must be credibly uploaded to the chain, verifiable, visible to the entire network and support real-time settlement;

We are very excited to see that Arkreen is just such a global distributed renewable energy data network that integrates various technologies to create. Arkreen aims to connect global renewable energy devices (such as photovoltaic inverters, energy storage batteries, electric vehicle charging piles, etc.), ensure the transmission of trusted data from the physical world to the digital world, and achieve trusted data by aggregating their connections value; and further promote the deployment of more distributed renewable energy equipment and maximize the use of resources through the decentralized Web3 approach, and ultimately achieve the global zero-carbon goal.

Based on trusted data, what Arkreen really builds is the data infrastructure of an energy network. People who contribute to the energy network can be reasonably allocated and motivated. The global co-builders of the network can connect their own photovoltaic power generation equipment or energy storage batteries to the Arkreen network, and Arkreen will provide network incentives based on the data of these green energy equipment. And based on the green energy data on the network, applications such as green power certificates and virtual power plants can be developed. Among them, the authenticity of data or a credible account book is the core of the entire network!

In the past, because the green energy market was an extremely fragmented and long-tailed scenario, the traditional top-down IoT platform construction model could not connect a sufficient number of green energy devices within the foreseeable time, and did not have a sufficient number However, the connection of equipment cannot support the commercial operation of mature energy network applications, and this falls into the "egg dilemma".

We believe that the Arkreen team can effectively break the predicament by using the Web3 incentive model, and realize the cold start of the network and the ecological flywheel effect in a relatively short period of time. We will see the power of a permissionless joining network in incentivizing long tail participants. The superposition of the Internet of Things and blockchain technology gives us the opportunity to use the power of the community to build an energy data infrastructure network from the bottom up. We believe that Arkreen has the opportunity to become a model project of the DePIN (Decentralized Physical Infrastructure Networks) model in the direction of decentralized energy.

Let’s imagine a scenario where John, who lives in California’s Silicon Valley, installed rooftop photovoltaics, energy storage batteries, charging piles, and smart thermostats at home. These devices are connected to the Arkreen network through digital technology, and energy equipment data is collected in real time and stored in the block chain. On this day, the California government appeals to residents to reduce electricity consumption in the next two days to reduce the power shortage pressure on the grid. The power company can provide incentives to all residents who are willing to cooperate. According to John's electricity consumption habits, Arkreen can fully charge the energy storage battery in advance, lower the temperature at home, and then reversely output electricity to the grid in the next two days. Through this power grid dispatching behavior, John was rewarded by the power company. John can also open Arkreen's APP and issue 0.9 REC green certificates based on the on-chain data of 900 kilowatt-hours of photovoltaic power generation at home. Through the Arkreen network, the 0.9 green certificates can be packaged and sold together with the RECs of other users in California to a bitcoin mining company in South America for carbon neutralization of electricity consumption for bitcoin mining.

All of the above will be the economic value that the Arkreen network can introduce from the real physical world. The generation, purchase and circulation of green certificates in the Arkreen network is just one use case of the Arkreen network. Once the data is credible, we will see more applications emerge. Once the energy network is truly digitized based on the blockchain, not only can assets such as green certificates and carbon certificates be split flexibly, and there are no geographical restrictions, it can also play a role in network effects and efficiently connect with various DeFi decentralized financial ecosystems. The history of green certificates and carbon certificates can also be displayed in the user's on-chain identity in the form of NFT.

With the vigorous development of various Web3 applications, more and more users will have wallets or identities on the chain, and the threshold for use will become lower and lower until they are completely useless. After users (institutions or individuals) open Arkreen's APP, they can easily buy any number of green certificates with a stable currency or Ethereum in their wallets at any time to offset their own carbon footprint. The green certificates held and destroyed by users can be seen on the whole network, thus becoming part of their reputation in the digital world. You can imagine how cumbersome the process of purchasing a green certificate using the Web2 Internet will be under the existing energy data network and green certificate certification procedures, and it is even more difficult to self-certify "carbon neutrality". If demand cannot be stimulated, supply cannot grow effectively, and the goal of global carbon neutrality cannot be achieved.

Arkreen team members come from industries such as the Internet of Things, digital security, and blockchain, and have successful global landing cases in business models, product design, and engineering implementation.