Solar for All: Blockchain-Based PV Rooftop Energy Management
1Digital Enterprise Management and Computer Science, University of Toronto, Toronto, Canada
A Paper Submitted in Partial Fulfilment of the Requirements for IBCOL 2023
Sustainable Development Goals
Keywords
Abstract
This project hopes to solve SDG Goal 7 (Affordable and Clean Energy) and Goal 17 (Partnerships for the Goals) by addressing the urgent need for clean energy in rural China, where access to clean energy sources remains limited. The scope of this project is not limited to only rural China but to other countries as well, which can be possible through the incorporation of blockchain technology, IoT, smart contracts, and innovative financial models. It aims to reshape entire villages into virtual power plants, seamlessly connect households with the grid, and convey information through a user-friendly application.
1. Blockchain IDs and access controls ensure that only authorized users can participate, and data encryption ensures that data remains confidential. Zero-knowledge proofs allow for data verification without exposing sensitive information.
2. The project's financial model offers flexible payment plans, including crowdfunding, equity crowdfunding, and four pay models: pay 100%, 70%, 50% and 30%.
3. The application shows the data collected by IoT sensors and smart meters. It has gamification elements where users can collect points and trade for either crowdfunding, NFTs, or discounts.