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Title
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Dashboard
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I-REC attributes
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Exchange
Inspiration
The business needs a technology solution with a high level of trust and data transparency to create a platform for accounting, selling and redeeming EACs (Energy Attribute Certificates). This is confirmed by the development of a technological solution based on EW Origin, and the launch of pilot projects to work with Guarantees of Origin of electricity and I-REC (for example DTEK, Foton, etc).
What it does
System allow register company that generate electricity ⚡ from renewable sources. The company can register stations and create I-REC based on generation (for now, I-REC is a NFT NEP-171). Project could work with IoT station and take generation readings in automatic mode with help of service Fiware Context broker and particularly "Fiware Spark service" - it's our own DLT adapter. Existing certificates could be sold with a help of exchange 💱 service works like an order book 📙, or directly.
How we built it
We create a few services, front - end, back - end and smart contracts, main logic depends on a smart contracts and work with a native Near wallet. All functionalities work with native Near token, and all payment operations are based on it.
Challenges we ran into
It's first project where we are working with Near, we were very inspired in a transaction processing speed like 100 000/s, and in a fact that Near - Climate Neutral Product, and EACs trading platform - product that helps become climate neutral. First step to big companies in a way to sustainable development is a low their carbon footprint, first is to invest in a green label solution, and then - use them in their own business.
Accomplishments that we're proud of
We are proud that main ideas 💡 is working ⚒ great and very fast, and our hypothesis were right that Near could work with renewable energy certificates and resolve the problem of accounting Guarantee of Origin of electricity ⚡ what have limitation in one certificate - 1 MW of energy ⛮.
What we learned
We immersed in the Near ecosystem, find out about new technology for us, and got our hypothesis were right. Unbelievable result.
What's next for EACs trading platform
Contribution to new token standards allowing to implement the model of dividing the token into its component parts following the example of the ERC 1155 standards and the ERC 1888 extension for the possibility of claiming I-REC and Guarantees of Origin to a manufacture. This will be useful for the business needs where manufacture could show documented - that his product is made from renewable energy ⛮ source. And next big step is to add to a platform - decentralized identities that could allow us to fully automate the process with smart 🧠 electricity station and creation of I-REC and GO certificates based on an automated disclosure of energy produce.
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