Powering a Decarbonized Future with Blockchain Energy - TOKEN2049 Singapore 2024
Explore the transformative potential of blockchain technology in accelerating the shift towards a decarbonized future with David Duckworth, CEO and Founder of Row and Energy, at TOKEN2049 Singapore 2024. Dive into the innovative business model that sets Row and Energy apart, as it leverages a custom-built low-carbon blockchain infrastructure to interconnect renewable energy assets.
David sheds light on the unique "proof of generation" consensus mechanism and the sustainable mining protocol that underpins the network of smart miners. Each smart miner integrates blockchain validation with smart metering to accurately measure energy production and generate NFT carbon offset certificates in real time, ensuring transparency and trust in carbon trading.
Contrary to typical perceptions of blockchain, Row and Energy focuses on integrating blockchain seamlessly into everyday lives, even reaching demographics traditionally not engaged with technology. With 1,200 nodes already in operation, the company is set to expand significantly, aiming to connect 120,000 homes in the UK over the next three years.
David addresses the challenges of verifying the quality of data in carbon offset projects, emphasizing processes that guarantee accurate and traceable data. He shares insights into longstanding partnerships with sustainability experts to pioneer a new carbon offset standard, offering local solutions to global carbon offset needs.
Discover how Row and Energy not only revolutionizes the use of renewable energy but also supports the socioeconomic well-being of its users, offering financial incentives and faster payback periods for solar technology, thereby stimulating market growth.
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