Last updated a year ago
KV₳D₳ Sol₳r system for telemetering and tokenization of energy from solar plants.
Problem
The generation of solar energy through plants is traditionally centralized and controlled by a group of large companies that do not measure that generation.
Total to date
This is the total amount allocated to KV₳D₳ Sol₳r system for telemetering and tokenization of energy from solar plants..
About this idea
[GENERAL] Name and surname of main applicant
Crystal Software Corporation[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)
Entity (Incorporated)[GENERAL] Requested funds in ada
149000[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)
6[GENERAL] Please indicate if your proposal has been auto-translated into English from another language
No[GENERAL] Summarize your solution to the problem (200-character limit including spaces)
We will develop a platform that enables tele-metering to tokenize energy generated by solar plants and record this data on the blockchain.
[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?
No[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”
There are no dependencies
[GENERAL] Will your project’s output/s be fully open source?
No[GENERAL] Please provide here more information on the open source status of your project outputs
KV₳D₳ is a project that seeks the best of both worlds: the transparency and security of open source, along with innovation and protection of intellectual property. By making core smart contracts public, trust and collaboration are fostered, while proprietary elements ensure the project remains competitive in the market. In many cases, a combination of open and proprietary source may be the best option, allowing companies to protect their intellectual property while encouraging collaboration and transparency.
[METADATA] Horizons
Tokenization[SOLUTION] Please describe your proposed solution
The KV₳D₳ Sol₳r project will use the Cardano blockchain to record the energy data generated by solar plants. This data will allow the measurement, quantification, and tokenization of electrical energy. The system will include:
1. Smart Contracts for Energy Data and Tokenization
Smart contracts on Cardano will manage the recording of solar energy data, ensure accurate measurements, and handle the tokenization of the generated energy.
● How It Works: Smart contracts will collect data from solar plants, verifying the amount of energy produced. For every unit of energy (e.g., 1 kWh), tokens will be minted to represent ownership. These tokens can then be traded or used for funding new solar projects.
● Blockchain Benefits: Transparent, automated, and tamper-proof recording of energy production and ownership, ensuring trust and decentralization.
2. User-Friendly Interface
A simple, intuitive web interface will allow users to monitor their energy production and manage their energy tokens.
● How It Works: Users will be able to log in, see real-time updates of their energy production, and track the tokens they hold. The interface will be connected to the Cardano blockchain, enabling token transactions and viewing of data.
● Blockchain Benefits: Users can interact with the blockchain seamlessly, with their tokenized energy assets visible and tradable through the platform.
3. Integration with Solar Plants
Solar plants will be equipped with sensors to measure energy output, with the data transmitted to the blockchain for tokenization.
● How It Works: IoT sensors at the solar plants will monitor energy production, and verified data will be sent to the blockchain for recording. This ensures that energy output is accurately tokenized.
● Blockchain Benefits: Reliable, real-time energy data is securely recorded on the Cardano blockchain, ensuring transparency and trust.
4. Tokenization of Energy
Each unit of energy produced by the solar plants will be tokenized on Cardano, allowing users to hold, trade, or invest in energy-backed tokens.
● How It Works: The smart contracts will automatically create tokens for each unit of energy produced. These tokens can represent ownership or investment in the energy produced by the solar plants.
● Blockchain Benefits: The tokenization process makes it easy to track, trade, and invest in renewable energy assets, creating new opportunities for sustainable investment.
5. Decentralized Data Storage
Energy production data and transaction history will be stored securely on decentralized platforms.
● How It Works: Data from solar plants and token transactions will be stored on decentralized storage solutions, ensuring transparency and accessibility for all stakeholders.
● Blockchain Benefits: Data is permanently and securely stored, ensuring that all energy records are transparent and auditable.
By utilizing Cardano-based blockchain solutions, the KV₳D₳ Sol₳r project will create a decentralized, transparent system for tokenizing solar energy, allowing users to invest in renewable energy and track their contributions in real time. This approach fosters trust, sustainability, and global participation in clean energy initiatives.
[IMPACT] Please define the positive impact your project will have on the wider Cardano community
This project will generate new use cases and attract projects to the Cardano ecosystem by demonstrating the blockchain’s applicability in energy markets. Key metrics to measure impact include:
● Transaction Volume: Monitoring measurement records.
● User Feedback: Collecting satisfaction data through surveys and interviews.
● Community Engagement: Gauging interest via forums and social media.
[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?
The team has extensive experience in academic processes and technological development in JavaScript, TypeScript, HTML, CCS, and JSON. They have strong expertise in blockchain development (Plutus, AIKEN, Haskell, Marlowe) and partnerships with developers.
[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?
Project Initiation and Design (1 month)
● Define objectives, scope, roles, and create a project schedule.
● Conceptual design of the system.
○ Output: Project initiation document and conceptual design.
○ Acceptance Criteria: Completion of initial project setup and design documentation.
○ Evidence: Project initiation documents and design drafts.
Evaluation of Assets to be Tokenized and Regulatory Framework (2 months)
● Investigate market valuel.
● Define financial potentia.
○ Output: Report asset evaluation.
○ Acceptance Criteria: Final financial evaluation report.
○ Evidence: Tokenization model.
Development of Functional Model (2 months)
● Develop the web portal and integrate with APIs and smart contracts.
● Configure development environment and integrate all components.
○ Output: Repository with the integrated web portal, API, and smart contracts.
○ Acceptance Criteria: Completion of integration work.
○ Evidence: Web portal and smart contract repository with logs of integration and testing.
MVP Development and Testing (1 month)
● Test the application thoroughly to ensure it meets user requirements.
● Deploy contracts on the mainnet.
○ Output: Final deployment of smart contracts and project completion report.
○ Acceptance Criteria: Successful deployment and testing of the system.
○ Evidence: Testnet and mainnet logs, project completion report.
[RESOURCES] Who is in the project team and what are their roles?
The team has a combination of expertise in blockchain development, project management, and community engagement. Notable capabilities include:
1. Amelia Alter (Project Leader)
https://www.linkedin.com/in/ing-amelia-alter-a6673898/
2. Yenny Quinero (Planner-Administrator)
https://www.linkedin.com/in/yenny-quintero-87823432
3. Orestes Gutierrez (Application Developer)
https://www.linkedin.com/es/orestes-gutierrez-mendoza-a6056815b/
4. Carlos Palacios (Project Manager)
https://www.linkedin.com/es/carlos-palacios-rada-788704161/
5. Jean Carlos Aguilar (Project Assistant and Relationship Manager)
https://www.linkedin.com/es/jean-carlos-%E2%82%B3guilar-39a278240/
[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources
● Design, development, execution, and monitoring 6 months (project managers, project leader, project administrator, project planner, Project Assistant and Relationship Manager): ₳37,000 ADA
● Testnet development and implementation 6 months (Project consultant, Blockchain specialists, Developers, Test Engineer (QA), Database Manager and Cybersecurity Specialist) : ₳20,000 ADA
● Solar energy equipment and installation the proof concept (PoC): ₳76,000 ADA
● Laptops: ₳6,000 ADA
● Marketing and dissemination: ₳10,000 ADA
Total Budget: ₳149,000 ADA
Total Duration: (6 months)
[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?
The KV₳D₳ Sol₳r project represents excellent value for the Cardano ecosystem by improving blockchain adoption in the renewable energy sector, engaging the community, and maintaining transparency through regular updates and budget tracking. The project strategically uses funds to deliver high-impact, real-world use cases for the Cardano blockchain, helping to enhance its global reputation.
