THE ZERO CARBON PROJECT : TACKLING CLIMATE CHANGE USING THE BLOCKCHAIN
About :
The ZERO CARBON Project is tackling the climate change using blockchain technology and international carbon credits. We use renewable energy methods, but its impact has given results of being too small and slow. The Zero Carbon Market can deliver a quicker reduction of carbon emissions. It can beat both renewable energy and fossil fuels contracts on price. They have created a blockchain based system that provides useful rewards in the form of Energis Token incentives.
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Solutions :
The ZERO CARBON project provides solutions for tackling the climate change using a blockchain platform. It rewards its consumers with Energis Tokens. These tokens can be useful for consuming zero carbon energy provided through contracts listed on the Market. The Zero Carbon Project rewards consumers with Energis tokens. The transaction fees for the Market has to be paid using Energis tokens. Energis tokens have been configured to recapture the value that future energy suppliers and users will get back from using the Market.
The first part of the solutions provided is about a competitive Market. It provides consumers access to cheaper energy contracts than other fossil fuel energy providers. The second part of the solution comprises of blockchain economy, based on Energis tokens. These tokens are enabled using distributed ledger, Ethereum smart contracts and crypto exchanges and are designed to capture the future value that customers receive form their Market. They are designed with the motive that energy suppliers must use them to pay their transaction fees while using their Market. As the consumer base grows for their platform, the demand for Energis tokens also increases-: constrained by a fixed supply. 70% of the transaction fees received will be ‘Recycled’. Afterwards, they will be given to consumers as rewards for linking with the Zero Carbon platform.
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Business Model and Team:
The Zero Carbon Project has 2 parts to focus on for their business model ::
- deliver energy at a lower price than existing renewable energy providers.
- persuade people to use the Zero Carbon energy
- reward consumers with Energis Tokens for using the Zero Carbon Project.
The project has been actively built over the past few months. The project team is actively involved in the building of the project from a few months. The team is also focused on designing the Energis smart contracts, completing the systems, and registering energy suppliers in UK. The UK Market is now ready to be launched in October 2018. It will hopefully follow a global roll out in 2019.
Market :
The Market gives an opportunity to Zero Carbon Project, to provide the facility to energy suppliers for listing the prices of their energy contracts. It will be helpful for the consumers in a lot of ways. Their blockchain platform is focused in zero carbon energy contracts that is primarily competing in the market. It provides this information to consumers to assess on a like-for-like cost comparison with other offers and the consumer’s existing energy contract. The consumer then decides to choose one after considering this offer. The energy supplier then, supplies the energy and bills directly to the consumer. The Zero Carbon Market is going to be available for both businesses and household levels. Businesses and households have access to different platforms within the Market. Hence, they can switch and chose their energy providers. However, household consumers will be offered zero carbon energy contracts on a comparison platform. It will enable them to compare the price of their existing energy contract with the zero carbon energy contracts. Businesses will receive access to a reverse auction platform. Here, the business lists their interest on the platform. Afterwards, the energy suppliers can bid for each zero carbon energy contract. Both the business platform and consumer requirements and demands, together make up the Market of Zero Carbon Market, a successful in a particular jurisdiction.
Solutions :
The Zero Carbon Project’s goals are to deliver an immediate and material impact on global carbon emissions. It wants to achieve its target by providing consumers with lower zero carbon prices than energy derived from fossil fuels. Their Zero Carbon Market is looking forward to deliver lower prices to energy consumers and persuading them to switch towards zero carbon energy. It is able to do this by leveraging cheap, yet very effective international carbon credits. We believe that the significant steps taken by Zero Carbon Project is an effective approach to tackle the climate change. It seems to stand promising and seems to make an immediate impact on the Market by its Decentralized platform. Do you think it will scale high to deliver lower prices than the blockchain competitors and even traditional energy suppliers ?
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 - Pooja Jur
Profile - https://bitcointalk.org/index.php?action=profile;u=1217469