ElectriCChain

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ElectriCChain is a nonprofit affiliate of multibillion dollar renewable energy cryptocurrency SolarCoin. It is a distributed ledger—the self-organizing, decentralized swarm intelligence Internet of Things ( IoT ) that forms SolarCoin's blockchain backbone.

ElectriCChain was launched with the mission of accelerating our transition to a post-scarcity economy by encouraging solar energy to initiate the energy singularity the transition from fossil fuels to a sustainable, renewable energy economy. To this end, the project aims to build the foundation for this transition by awarding SolarCoins to solar energy producers—creating the first global, energy-referenced currency to incentivize a planet powered largely by solar energy.

The initiative was cofounded by Starlab alumni Nick Gogerty and Christopher Altman with solar advocates Luke Johnson and François Sonnet , with support from the SolarCoin Foundation. To date, the project has granted more than 8 Million MWh of solar power across 62 countries —enough to power the city of Amsterdam and its residents for a full year. [3]

The global climate change initiative has been covered extensively by international press in thirty countries, with more than 100 featured publications in sources such as Forbes : “How Blockchain is Incentivizing a 5,000 Gigawatt Quest to Save the Planet.

Solar generation

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SolarCoin

ElectriCChain was founded in January 2016 with the initial focus to monitor open solar energy generation data from the seven million solar generators installed worldwide. [4] [5]

As SolarCoin's blockchain backbone, ElectriCChain records all ledger transactions to the blockchain. The currency functions both as a digital asset and as a solar power production reward.

Youtube Video
SolarCoin SpaceBelt

As a reward for renewable solar energy, SolarCoin is earned at the rate of 1 § (SLR) per MWh, with 97,500 terawatt-hours of generation to be distributed over the next 35 years following annual growth projections for solar energy production. This places the value of SolarCoin's total market supply in the number three position behind cryptocurrencies Bitcoin and Ripple , or approximately $40B USD as of May 2018.

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Elon Musk changes focus of Tesla Motors from transportation to energy, July 2016.

Counting more than seven million real-time solar monitoring stations in fifty-six countries around the globe—estimated by UN projections to grow to more than 200 Million over the next decade—the program has been recognized by the United Nations and the International Renewable Energy Agency ( IRENA ) as the lowest carbon currency—the largest environmental monitoring experiment—and the largest private renewable energy project in the world. As Elon Musk pointed out in his recent transformation of the mission of Tesla Motors from a transportation focus to an energy focus, [33] these systems will scale rapidly.

Our mission in founding SolarCoin and ElectriCChain—to accelerate our societal transition from petroleum-dependent, war-scourged, scarcity economics to a renewable energy based, peaceful, post-scarcity economy —is now shared with Elon Musk .

Christopher Altman ,
Cofounder and Chief Scientist
[34]

Projects

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SkyGold: SolarCoin in space

ElectriCChain features twelve active projects, including joint SolarCoin initiatives SpaceBelt and Skygold . The project has partnered to create solar energy initiatives with NASA, MIT , IBM , Xerox PARC , Accenture , and the Microsoft Ethereum Baas, blockchain as a service platform, among others

SpaceBelt

SpaceBelt is a space-based data storage company scheduled to launch a network of data storage satellites to provide high-speed global cloud storage as a space-based data center designed for the secure transfer and storage of sensitive information. The multibillion dollar blockchain vault will be nonlocally distributed for storage on the satellites. [6]

The future development of a robust economy in low-Earth orbit (LEO) and beyond calls for a currency capable of supporting both ground-to-orbit and orbit-to-orbit transactions. SolarCoin presents an ideal candidate through both its global humanitarian mission and international footprint in congruence with the virtually unlimited abundance of solar energy in orbit.


Christopher Altman ,

Cofounder and Chief Scientist

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Spacebelt

SkyGold

SkyGold is an initiative to establish an orbital platform from which to claim SolarCoin from space-based solar panels , such as on the International Space Station , as well as through operational satellites in real-time with a

locally-installed SolarCoin space node. [3]

United Nations

In April 2018 SolarCoin and ElectriCChain partnered with the United Nations through the United Nations Development Program ( UNDP ) in a project to distribute SolarCoin to solar energy producers, starting with a UN-backed SolarFund in the nation of Moldova .

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United Nations Development Program
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