Rowanenergy Ico Overview
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Rowanenergy.com Blockchain is the world’s first community supported Green Energy Blockchain. The blockchain is based on the low powered Proof of Authority consensus mechanism, Where each of the members takes a role either validating the energy transactions or generating renewable electricity and selling it back to the community.
Rowanenergy wanted to build a new kind of blockchain that is truly decentralize. Within energy community customers validate the energy transactions and are rewarded for their contribution to the community. The want to achieve this whilst at the same time encourage people to buy green energy and also have solar installed to produce their own green energy.
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Decentralizing the Energy Market
Rowanenergy members are entwined in what they do. Each member if they choose can validate the transactions on network, this decentralized system allows for transparency and trust. The work is rewarded with Rowan Tokens that can be used towards your energy bills, used for transaction fees, traded on an exchange or saved for future growth.
Energy trading apps
The are building the series of dAPPs for the energy market. Tokenizing REGOS, REC, carbon credits and will enable energy producers to sell their energy directly to consumers peer to peer.
Using a custom built Proof of Authority (POA) blockchain we can distribute to our members and supports as low powered Rowan Hub that is hosted in the home. These devices confirm the transactions on the blockchain and gives its owners daily rewards for doing so, in the future these rewards can be used to offset their energy costs.
In the future our members will be able to buy their electricity from other members peer to peer and in almost real time. Rowanenergy.com energy is generated primarily by its members, any extra energy requirements will be bought as a club from renewable sources, giving the buying power of a large customer base allowing to negotiate excellent deals.
You can create your own reward token on the blockchain. This allows energy providers to join the network with their own token and this means they can also adopt the software.
Retrader is the peer to peer energy trading platform that enables owners of roof top solar tosell their energy to their neighbours peer to peer. The platform is fully automated.
Tracking the source of the energy within utilities is an important part of what is needed. By utilising features on newly produced smart meters we can record the production of the.
First a for most they built Rowan Energy to encourage people to install roof top solar. We have done this by enabling customers to buy and sell solar between them giving consumers affordable green energy and better and quicker returns for the solar energy.
As they are driving to decentralise the energy company they wanted to make each of customers part of the Rowan ecosystem. The members can choose to have a small low powered Rowan Hub in their home that verifies each energy transaction on our Rowan Blockchain. It’s true that Blockchain miners are usually very wastfull when it comes to transaction verification, but they have built own blockchain using a Proof of Authority consensus. Meaning our miners are small and low powered.
Rowanenergy.com will as business make the money by facilitating the trading of Renewable
Energy by charging a transaction fee for both certificates and energy trading. This is likely to increase to 18 million transactions per day within 5 years, bringing Rowan Energy into profit within 3 years. Each trade of energy will take place over the public exchange driving demand up as well as the price.