Together Towards Green – Zero Carbon Project
Introduction
It is summer. But not an ordinary summer. The temperatures are the highest ever recorded. The water bodies have run dry. The polar ice caps are melting and have sent the polar bears running, this is the time they should bulk up for hibernation, but they are not able to find any food. You can't go outside without an umbrella or you'll get sun burnt. All are side effects of global warming, an ongoing climatic disaster. What we have done to the nature in exchange for resources, under the banner of development have all carried with them catastrophic consequences.
The Zero Carbon Project
The Zero Carbon Project is an initiative by the Beond Group, an energy consultancy service with almost 19 years of experience in the industry. The main objective of the Zero Carbon Project is to reduce the carbon emission, through maximizing the use of renewable energy sources like solar and wind energy, by creating an appropriate reward system to bring down the cost of accessing these expensive energy methods.
The Problems Being Tackled
Science class time.
The issue that is being tackled here is mainly the emission of carbon dioxide into the atmosphere. The released carbon acts like a microwave in the atmosphere, not allowing heat to escape from the earth once it enters the atmosphere, causing gradual increase in earth's temperature. This leads to melting polar ice caps, which results in rising sea water level. This may cause floods and fresher disasters in areas lying below sea level.
The next problem they try to mitigate is the high price of clean and renewable energy. Windmills and solar plants take a lot of investment to set up and maintain. This causes the price of the energy produced to go high as well. Leveraging energy without giving high price and harming the nature is the need of the hour.
Why use Blockchain?
The main attraction of the Zero Carbon Project is the incentive system, and this means that the company should be able to allocate as much funds as possible to give back to their users. Hence, blockchain is necessary to reduce the overhead cost of building and maintaining a ledger, of who used what and when. Another major use is the introduction of their own token, the Energis, as a medium of incentivizing their customers. Also, smart contracts act as a mean of letting the user have full confidence in his holdings.
Reward system
Okay, all good. Now what's in it for me?
Pretty much a lot. Let's see how the rewarding system works. The Zero Carbon Market is the centerpiece of the platform, and is the place where you, as a customer, can view different energy plans and choose the one that best suits you (in terms of price and consumption). The energy provider then directly bills you, and these transactions hold a transaction fee (of course, nothing in this world is free). But it gets better, when 70% of the transaction fee is actually returned back to the customers, when you use the platform, refer new members to the platform, and consume zero carbon energy.
Token Details
Energis is the native token for the Zero Carbon Project, and it is an ERC20 compliant token. It is available in fixed circulation. The way they circulate the token is pretty thoughtful. The transaction fee is distributed back to customers, who sell it in third party exchanges for conversion to fiat, and the energy suppliers buy this token back again from the exchanges, which then is converted to transaction fee upon the next transaction. We'll have to wait and see what will happen if there are a lot of customers, because then there will be a lot of demand and hence high exchange rate for the token, but only smaller rewards per customer, which means that the rewards that are given won't amount to much in fiat. This could create a problem, and drive away potential customers.
Conclusion
The Zero Carbon Project is a very noble, creative and well planned initiative, and since the team has vast experience in the energy market, their preparations have already started, and they are expected to roll out the project in UK in 2019. They already have a number of energy suppliers ready to sell customers their renewable and zero carbon energy plans. This would have a great impact in a country like India, the world's second biggest market, which recently accomplished the mission of every village getting electricity connection. Huge market, immeasurable possibilities. Waiting for the Zero Carbon Project make a difference.
Website – https://www.zerocarbonproject.com/
Whitepaper – https://www.zerocarbonproject.com/white-paper/
ANN – https://bitcointalk.org/index.php?topic=3396140.0
Telegram – https://t.me/ZeroCarbonProject
Published by dannywhelan
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1606458