Energy and transportation startup EVShare is launching a community energy-sharing pilot in Los Angeles. The creative project is receiving a very juicy amount in funding based on $20 million and a plus from the California Energy Commission estimated in $9 million. This project initiative is to manage the localization of a renewable energy grid in the area.
The system connects local solar energy systems with electricity-based transportation, creating this way a completely organic energy market with huge complexity. The localized grid can empower 50 households connected to a pool of shared electric vans.
The role of the blockchain is to record data on solar panels and also energy storage. The project is innovative and could send hopes for an evolution in the industry of renewable energy. The blockchain system based on the RSK Bitcoin sidechain and the RSK Infrastructure Framework will be used to empower this pilot.
This data is focused to be used mainly to support a carbon credit trading market; members will receive tokens if the reduction of carbon print data is conducted by each one of them. The use of renewable energy will be completely profitable; everyone will take their part as it also serves as a way to educate people about the dangerous use of energy in the present times
Electricity consumption will be the main target of the tokens. People can pay tokens to get electricity; it consolidates a circular economy based on carbon credits. Basset, a community in Los Angeles County is where it’s all happening right now; residents in the neighborhood will soon be allowed to access the Green Commuter app. Eduardo Javier Munoz, the CEO of EVShare announced that they have been working on the project for a long time.
Now we can turn Blockchain into energy
The blockchain’s main mission is to certify carbon credits between assets through Smart Contracts; all the process is completely automated. The use of blockchain gives the project a more efficient development and increase transparency at the same time; it’s an outstanding idea that needs to evolve to a bigger thing in shortly.
RSK is a smart contract platform that uses a pegged version of Bitcoin as its native token and is merge-mined with the Bitcoin blockchain to derive security from its mining ecosystem. The government is aware of the project and has shown support and partnership. It is creating a scenario for a decentralized finance ecosystem whose position is in Bitcoin DeFi due to RSK’s connection with the principal network.
Although other blockchain systems are active around the world, the year 2020 has seen a surprising explosion of projects like this in several countries. A lot of companies have collaborated with locals and governments have launched their related projects. This can be seen as the dawn of renewable energy, with all hopes this project will positively affect the way American citizens see energy consumption.
By Jenson Nuñez
