Last updated 9 months ago
Decentralize information through remote measurement and tokenization of energy produced by solar plants, as well as control and monitoring of the final disposal of solar generation plant components
We will develop a platform that enables remote measurement to tokenize measurements generated by solar plants and record plant components to monitor their final disposal.
This is the total amount allocated to KV₳D₳ Sol₳r: Telemeasurement and final disposal.
Please provide your proposal title
KV₳D₳ Sol₳r: Telemeasurement and final disposal
Enter the amount of funding you are requesting in ADA
99000
Please specify how many months you expect your project to last
6
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Decentralize information through remote measurement and tokenization of energy produced by solar plants, as well as control and monitoring of the final disposal of solar generation plant components
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
No dependencies
Will your project's outputs be fully open source?
No
License and Additional Information
The KV₳D₳ project will be partially open source. The core smart contracts that manage measurements and records on the Cardano blockchain will be completely open source. Repository: GitHub Documentation that includes configuration. Proprietary elements of the project will include the user interface and certain backend services that manage integration with KV₳D₳ technology providers and real-time data management.
Please choose the most relevant theme and tag related to the outcomes of your proposal.
RWA
Describe what makes your idea innovative compared to what has been previously funded (whether by you or others).
This proposal is innovative because we are integrating blockchain, the Internet of Things, and alternative solar energy to develop a platform that will interconnect us and obtain data in real time to manage and control information.
Describe what your prototype or MVP will demonstrate, and where it can be accessed.
In the tool, the components of the solar generation plant can be registered and tokenized, receiving an NFT. Likewise, the readings generated in the plant will be telemeasured and recorded in the blockchain through smart contracts.
Describe realistic measures of success, ideally with on-chain metrics.
The number of records that will be made through smart contracts in the blockchain network each time the telemeasurements carried out at the solar power generation plant are completed, as well as the tokenization and NFT records that are generated each time a plant is installed.
Please describe your proposed solution and how it addresses the problem
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 and register and record of final disposal of components; The system will include:
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.
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.
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.
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.
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.
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.
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.
Milestone Title
Project Initiation and Design
Milestone Outputs
Two documents are essential for laying the foundation for a successful project, as they provide clear, agreed-upon guidance for the subsequent design and development phases.
● Conceptual design of the system.
○ Outcome: Project initiation document and conceptual design.
Acceptance Criteria
Meeting these criteria ensures that the project has a solid and agreed-upon foundation, minimizing misunderstandings and costly changes in later stages.
● Conceptual design of the system.
○ Acceptance Criteria: Completion of initial project setup and design documentation.
Evidence of Completion
The conceptual system design phase consists of documents that demonstrate the successful completion of the work and that the project is ready to move on to the next stage. These elements serve as proof that a solid foundation for the project has been established.
● Conceptual design of the system.
○ Evidence: Project initiation documents and design drafts.
Delivery Month
1
Cost
19800
Progress
20 %
Milestone Title
Evaluation of Assets to be Tokenized
Milestone Outputs
Legal Impact Report and Asset Valuation provide a complete picture of a project's value, considering both financial factors and the legal risks and opportunities that may impact it.
● Investigate market value and financial potential.
○ Output: Legal impact report and asset evaluation.
Acceptance Criteria
This document confirms that there is a shared, data-driven understanding of the project's financial potential and value. The combination of legal and financial assessments provides a solid foundation for informed decision-making, allowing project leaders to confidently move forward with the next stages.
● Investigate market value and financial potential.
○ Acceptance Criteria: Completion of legal and asset evaluation work.
Evidence of Completion
Legal reports and registration documents validate the financial information obtained from asset valuation, providing a complete and reliable view of the project's value as a whole.
● Investigate market value and financial potential.
○ Evidence: Legal reports and registration documents.
Delivery Month
2
Cost
29700
Progress
30 %
Milestone Title
Development of Functional Model
Milestone Outputs
● 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
● Develop the web portal and integrate with APIs and smart contracts.
● Configure development environment and integrate all components.
○ Acceptance Criteria: Completion of integration work as evidence.
Evidence of Completion
● Develop the web portal and integrate with APIs and smart contracts.
● Configure development environment and integrate all components.
○ Evidence: Web portal and smart contract repository with logs of integration and testing .
Delivery Month
2
Cost
29700
Progress
30 %
Milestone Title
MVP Development and Testing
Milestone Outputs
The deployment of the contracts to the mainnet and the delivery of the completion report mark the formal closure of the project.
● 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
Passing these acceptance criteria means the project is ready for public
● Test the application thoroughly to ensure it meets user requirements.
● Deploy contracts on the mainnet.
○ Acceptance Criteria: Successful deployment and testing of the system.
Evidence of Completion
The combination of these technical records and the project management report provides solid and comprehensive evidence that the final phase
● Test the application thoroughly to ensure it meets user requirements.
● Deploy contracts on the mainnet.
○ Evidence: Testnet and mainnet logs, project completion report.
Delivery Month
1
Cost
19800
Progress
20 %
Please provide a cost breakdown of the proposed work and resources
● Design, development, execution, and monitoring: ₳24,000
● Testnet development and implementation: ₳20,000
● Solar energy equipment and installation: ₳50,000
● Laptops: ₳3,000
● Marketing and dissemination: ₳2,000
Total Budget: ₳99,000
Total Duration: 24 weeks (6 months)
the calculation made with Ada1 = 0.9$
How does the cost of the project represent value 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.
Terms and Conditions:
Yes
The team has a combination of expertise in blockchain development, project management, and community engagement. Notable capabilities include:
https://www.linkedin.com/in/ing-amelia-alter-a6673898/
https://www.linkedin.com/in/yenny-quintero-87823432
https://www.linkedin.com/es/orestes-gutierrez-mendoza-a6056815b/
https://www.linkedin.com/es/carlos-palacios-rada-788704161/
https://www.linkedin.com/es/jean-carlos-%E2%82%B3guilar-39a278240/
https://www.linkedin.com/in/robertojcerrud/
https://www.linkedin.com/es/jean-carlos-%E2%82%B3guilar-39a278240/