Kwhcoin is a block chain based solution for a cost effective and network incentive based platform to integrate renewable energy and distributed energy resources into the grid.
Kwhcoin crypto currency as a liberation technology
1. Kwhcoin: Crypto currency as a Liberation
Technology
Kwhcoin is a block chain based solution for a cost effective and network incentive based platform
to integrate renewable energy and distributed energy resources into the grid. More importantly
Kwhcoin team is developing a model to compensate the value of distributed energy resources at
the edges of the grid transitioning to an advanced energy network that can be accessed by all with
no barriers to inclusion.
The energy sector is in its most significant transition since the inception of the electricity grid.
The United States is served by an extraordinarily complex and effective electric system with
fossil fuel generation of electricity at strategically positioned centralized plants serving as the
core reactor. The three major parts of the system — generation, transmission, and distribution —
work together to bring reliable and affordable electricity to virtually everyone in America, thus
providing a service that is essential to the nation’s security, economic development and social
connectivity. However this is very expensive and carbon intensive at all generation and
distribution points and virtually removes all of us from access to the value chain. There are many
estimates but McKinsey’s values the current (depreciated) value of the U.S. electric grid,
comprising power plants, wires, transformers and poles, is roughly US $1.5 to $2 trillion and the
replacement costs would EXCEED $5 TRILLION dollars. The environmental impacts of such a
2. large investment in fossil fuel energy sources are beginning to reflect in natural environment and
geopolitical turmoil.
Distributed energy resources are much smaller power sources that can be aggregated to provide
power necessary to meet regular demand. Clear examples are solar panels, electric vehicles,
energy storage, demand response technologies, and other distributed generation sources and they
can be used to deploy resources for electricity generation from multiple locations providing the
components for a more flexible, two way flow of energy generation and distribution. As the
electricity grid continues to modernize, DER’s such as storage and advanced renewable
technologies can help facilitate the transition to a smarter grid (much less expensive grid)
enabling and unlocking the potential to build an advanced renewable energy economy that can
serve many purposes with positive social impact.
So…let’s involve crypto currency in a context different than what has become mainstay the last
few months on mainstream press and through financial punditry. Kwhcoin is a cryptocurrency in
the context that it will be used as the native token of a decentralized application that aim is to
create a platform that prosumers, local business, universities, climate change advocates anyone
interested in an energy source that is 100% renewable and has no barriers for access. The
Kwhcoin is a digital representation (backed by) a deliverable kilo watt hour that was generated or
distributed as part of work that occurred on Kwhcoin platform. So, here is how it works in a clear
example. A homeowner in California decides to put his energy usage data on Kwhcoin
blockchain, where its monitored in real time for its billing cycle and the energy export that is
integrated into the grid is instead converted to a Kwhcoin which is automatically deposited into
the members digital wallet making the homeowner an energy company with viable virtual assets.
The homeowner will now have the choice of accessing the decentralized application (this will
serve as the marketplace for prosumers and renewable energy source seekers can collaborate to
allocate resources) to access choices on the value chain or access multiple decentralized
exchanges for value exchange.
Kwhcoin enables any distributed energy resource to access a value chain for integration into the
grid or asset discovery while unlocking value at the edges of the grid where the value chain has
been inaccessible for the majority of Americans since the inception of the electricity grid. The
coin is designed to empower individuals to make an independent choice for a 100% renewable
energy alternative and option. Crypto currency and block chain technology enable platforms to
access and activate our passions for a sustainable and environmentally conscious energy future.
We can leverage these technologies to disintermediate fossil fuel and monopolistic/utility
networks that due to the economics of their investments make decisions not aligned with our
environmental and economic needs but are based on fossil fuel reliance as “a cheap” driver for
our energy needs.
3. There are 1.2 billion people in the world without access electricity and over 2.5 billion with
limited access to “dirty” sources for electricity generation. Kwhcoin will donate 10% of all
proceeds from the initial coin offering and all revenue in the future to developing Micro grid and
off grid technologies in Africa, Southeast Asia, South America and the Caribbean as part of
Kwhcoin commitment to Electrify the World as first step to economic development and basic
standards for quality of life. Kwhcoin project can then serve as a rail to deliver electricity to areas
once inaccessible but it can also provide a stable economic currency for trade and exchange in
these areas of the world most adversely affected by geopolitical turmoil and social unrest related
to economic deprivation.
There are many projects and initial coin offerings that deservedly so have created a detachment
from the core transformational element of crypto currency and the underlying blockchain based
protocols that form consensus. Kwhcoin is a project that aims to give credibility back to using
technology to lower the barriers of access to all and to build new systems and new applications
that are all inclusive and nothing can demonstrate that necessity more than energy more notably
renewable energy access for all. To build a virtual power network that anybody in the world can
access with only a phone was the initial inspiration for Kwhcoin but is has now grown into a
vision to build an advanced energy economy that connects us all and serve as a platform for
energy and economic independence and reconnecting with Kwhcoin ecosystem and taking on the
responsibility of building and creating the world that we ALL know is possible.
KWHCoin
3031 Tisch Way, 110 Plaza
West San Jose,
California, 95128
252 414 7526
http://kwhcoin.com/
This Article was originally published in: https://coinidol.com/kwhcoin-cryptocurrency-as-liberation-
technology/