Enbloc, a decentralized energy ecosystem

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updated Whitepaper coming soon.
Initial Coin Offering: Q2 2018

Enbloc is a blockchain-based energy trading platform that aims to provide a diverse ecosystem of renewable energy applications for the future. Enbloc aims to be an energy retail disruptor that will greatly improve transactional accounting in the realm of decentralized energy. The company is backed by a software and hardware stack that monitors energy using distributed ledger technology. The platform directly connects energy producers to end consumers using low-cost, low-maintenance technology. Enbloc replaces the pen and paper energy aggregation model of the past with a blockchain-based system. Meaning, accounting for energy transactions is extremely secure, trustless, low-cost and efficient compared to traditional methods.

The Enbloc network has two sides, the suppliers and the consumers. Both parties connect to the network by installing Enbloc’s Lume Energy Manager -- an energy monitoring hardware device -- on their smart meters with a simple plug and play setup. The software will then determine their roles, (producer or consumer), and provide each user with a customized dashboard.
Consumers can use their dashboard to manage their clean energy consumption or they can select the optimized choice, where our software will buy the cheapest energy on the market. Therefore, Enbloc provides consumers with a novel way of getting more involved with energy and an efficient method of lowering electricity cost.
Suppliers can use their dashboard to auction or trade their energy to the market of consumers. The Enbloc platform gives suppliers the ability to choose how much of their energy that they will sell (ranging from 0-100%) and the price per kilowatt that they will sell it at. This free-market model increases competition on the network which will drive down the price of energy.

The software aspect has an ethereum-enabled network that uses a two-token structure. One token is pegged to energy, represented as WATT, and the other, FIAT, is pegged to one (1) U.S. dollar (USD). The WATT token will be used as the means of exchange of energy between suppliers and consumers while the FIAT can be used to buy the energy. The FIAT token can be exchanged back to any currency that the Enbloc platform supports, (currently only USD but Enbloc will expand the offering to other currencies, both digital and fiat, as soon as feasibly possible).

The Enbloc team has strategized a three-phase approach to disrupt the energy sector:

Act as a clean energy retailer and tool for financing renewable energy development
Utilize Electric Vehicles’ (EV) capacity to store energy via Car-to-Grid Applications
Develop and promote the use of wireless energy

In the its first phase, Enbloc will operate as a commercial electricity retailer in deregulated markets. Our company will purchase energy on behalf of our customers, aggregate it through our network and sell at cost plus markup. This is a typical retail business model although Enbloc will be able to cut costs due to lean automation.

Also during its first phase, Enbloc will need sufficient clean energy capacity on the network to fulfill customer demands. To achieve that requirement, we will use our software to expand and finance renewable energy projects. Our team has established relationships with top U.S. solar farm developers who have expressed interest in and indicated the need for this software. The Enbloc platform gives the developers an easy way to access customer to buy the energy that their sites produce while the crowdfunding model will allow them to build larger projects.

When Enbloc enters its second phase, it will take advantage of the the rapid production and adoption of electric vehicles (EV) taking place in the automotive industry by offering electric vehicle-to-grid software applications. The blockchain-based software will allow electric vehicles to discharge their stored energy at times when electricity prices are high or demand response is needed. This platform could greatly reduce the cost of EV charging and potentially offer a way for EV owners to capitalize on the asset that they have -- a large, portable battery. Charging stations and other projects will logically follow the rise of EVs. Municipalities’ adoption of clean public EV charging infrastructure will be greatly aided by an automated system like Enbloc’s blockchain software.

Ultimately, our company strives to wirelessly power electronic devices, electric vehicles, energy grids and batteries. The concepts behind Enbloc’s wireless energy transfer system infused with blockchain technology will create a holistic energy ecosystem that enhances energy distribution. Both technologies are far from similar, but combined, are powerful. The synthesis may lead to a more advanced society where energy is viewed as a secondary concern, power outages are nonexistent and electricity is universal around the world. This is the goal towards which we aim.