The Zero Carbon Project: Blockchain and Climate Change
Climate change is a massive problem currently facing every piece of Earth. From the largest city to the most remote ocean island, climate change is going to play a major role in the future of our civilization.
This issue began slowly, however has been steadily getting worse over the years. The issue created is that this climate change appears to be brought about, in part, by our environment’s reactions to activities humans regularly perform, including such problems as excavation, pollution and deforestation.
The simplest solution to this incredibly complex problem is the development of a far more sustainable ecosystem and environment throughout the world. But how is such a vast undertaking even going to be possible without a clear cut solution, integrating technological innovation with renewable resources and scientific research?
Enter the Zero Carbon Project
To be “zero carbon” is to exert energy resulting in net zero carbon emissions released into the atmosphere. Zero carbon energy solutions currently include such power as solar, wind, hydroelectric, geothermal, and more, assisting with batteries to properly match supply and demand.
The Zero Carbon Project was created with the goal to not only reduce global carbon emissions, but also to provide a material, immediate impact worldwide to assist in the reduction of human-factor climate change.
To do this, carbon neutral energy prices need to be lower than the cost of fossil fuels for energy purposes. So, the Zero Carbon solution has two arms. The first is the creation of a zero-carbon marketplace to allow users to shop around, and provide lower price points for energy obtainment. The second is a rewards system, where users and consumers receive Energis tokens on a decentralized blockchain to incentivize their reduction of carbon emissions.
Customers for this project include energy suppliers and sellers currently in the energy sector, as well as energy consumers (both domestic and business based), whose market participation is categorized as “buyers”. Zero Carbon is the middleman essentially, ensuring that the market is beneficial for both parties, providing fairness and transparency, and providing a rewards-based system based on a variety of factors.
What are the benefits to consumers of the Zero Carbon Project?
The Zero Carbon decentralized energy market will strive to provide lower prices as compared to carbon based energy alternatives. At the same time, consumers are rewarded with Energis tokens for multiple factors, including:
1. Agreeing to become a consumer on the Zero Carbon ecosystem
2. Registering for a new carbon energy contract through their platform
3. Consuming zero carbon energy
4. Nominating and recruitment of new customers through referrals
The Zero Carbon Project roadmap
Q1 2018: Completion of the Zero Carbon market software.
Q2 2018: Deployment of test smart contracts, Energis token contracts, and token sale smart contracts, plus registration of energy suppliers in the UK.
Q3 2018: Marketing to consumers in cryptocurrency and blockchain communities.
Q4 2018: Deployment of Energis economy smart contracts, listing on distributed cryptocurrency exchanges, launch of the Zero Carbon market, registration of 1,000 consumers, modification of market software for Australia, and registration of energy suppliers in Australia.
Q1 2019: Launch Australia market, modify market for Germany, Texas, and US east coast, register energy suppliers, grow consumer base to 3,000 households, additional features to market software.
Rest of 2019: Implement blockchain scaling solutions, launch Germany and US markets, expand globally, launch markets in Europe, Canada, Japan, and New Zealand, and grow consumer base to 30,000 homes.
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But striving to tackle one of the most debilitating and concerning things to happen in the history of humankind is not a walk in the park. It requires a solid team of knowledgeable professionals across an expanse of many fields. Does the Zero Carbon Project have the know-how and skills to get the job done effectively?
More about the Zero Carbon Project can be found on their official website! The latest ICO updates can be found on Twitter!
Zero Carbon is comprised of a small army of professionals from various sectors, focused mainly in past successes in the energy market. These team members are dedicated to the globalized scale of change that is possible through Zero Carbon. The team is currently a subset of the Beond Group, a highly successful energy and carbon consulting service.
The Zero Carbon Project Leadership Team and Advisors
Derek Myers | Chief Executive Officer — Myers currently serves as the chairman of the West London Climate Change Commission. He is also the leader of Beond, and has worked tirelessly to develop it into the most innovative consultancy for energy in the United Kingdom. Past roles include such places as Macquarie Bank and Accenture.
Thomas Schmitz | Zero Carbon Markets Director — Schmitz worked for Deutsche Bank, Enron Europe, Aquila, BHP, Constellation Global Commodities and ASK Energy before joining the European Energy Exchange, where he is currently the Head of Sales for the EEX Group. In the Zero Carbon Project, Thomas will develop and launch the global marketplace.
Rob Antulov | Finance Advisor — Antulov is a highly experienced executive in corporate finance, focused in the technology sector. His main area of expertise is financing technology startups, and he has been an advisor to equity capital for years. Previous employers include Coca Cola and Fairfax Media, where he served as Head of Strategy.
Philip Louw | Software Management and Development — Louw has long been a leading contributor to the community of open source development. Beond’s current manager of Information Technology, he is strongly experienced in energy procurement software, the basis of the Zero Carbon Project. He has also worked in banking and security software projects.
Alastair Hutson | Europe Director and Managing Director of Beond — Hutson has worked tirelessly to establish operations for energy trading in Europe for massive US corporation (including Aquila and Duke Energy). He has 18 years of energy industry experience, from the front lines of Southern Electric to Managing Director of Utilyx before joining Beond.
Sarah Myers | Director of Human Resources — Myers serves as the overall human resources director for both Beond and the Zero Carbon Project. Prior to joining, she was the director of talent management for Sky, the most progressive media company in Europe, as well as running an HR consultancy for companies in the financial sector.
Ian White | Commercial Director — White has served in the energy industry for over 15 years. He worked a variety of positions at Total Gas and Power, then moved into energy consultancy as a sales and marketing director. He joined Beond to assist in the development and coordination of the project, and also runs the West London Zero Carbon Energy Project.
Bok Khoo
Bok Khoo | Ethereum Smart Contract Advisor and Developer — Khoo has worked to develop and audit Ethereum smart contracts for many clients, including over 30 projects developed on the blockchain (A smart contract audit was already done for the Zero Carbon Project as well). He develops and maintains a large site called Crypto Derivatives, which is also an Ether exchange and smart contract market. His experience is actuarial and quant software development.
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Accurate deployment of an ICO requires a team like the above, a professional network of executives and advisors all focused on a common goal. But what factors will go into the Zero Carbon initial coin offering? How will the funds be allocated once met? What pros and cons have we found with this project? And what is our final verdict on the future of this ambitious blockchain project? Will blockchain save the world?
More about the Zero Carbon Project can be found on their official website! The latest ICO updates can be found on Twitter!
Token Sale Hard Facts
The Energis token will have a ticker symbol of NRG, with a total available supply of 240 million tokens. A little over 121 million of these will be available for sale through the phases of the initial coin offering. The soft and hard caps for this are $2 million and $20 million, with a base token price of 20 cents per NRG. Following any reserve token sale, any unsold tokens will be burned.
There will be a private presale (starting May 1, 2018), a public presale, a public main sale, and a reserve token sale, with 28 million tokens for sale in the private presale to accredited investors only (think of this as a round of seed funding). In the public presale, there will be an additional 33,3 million NRG up for grabs. Another 60 million is available in the public main sale, and in the reserve token sale, any remaining tokens of the 121 million are for sale at 20% discount to the market price traded on crypto-exchanges. A super detailed list of each phase can be found here.
FUNDING ALLOCATION
Total NRG token distribution and allocation is 51 percent through sales and ICO processes, 30 percent for consumer rewards, 15 percent for the Beond team, and the remaining 9 percent for advisor, bounties, bonuses and more.
The ICO allocation of funds will go 45 percent to marketing purposes, 24 percent to operations, 16 percent to taxes, and 15 percent to development.
Pros and Cons of the Zero Carbon Project
Pros of the Zero Carbon Project include an incredibly innovative blockchain project with no real competition in blockchain energy brokerage, a well-read and professional team of energy market experts, existing partnerships already agreed to, and one of the most well-structured whitepapers and explanations of concept we have seen in any ICO project.
Cons of the Zero Carbon Project include the insane undertaking of trying to reverse climate change through an energy credit program, battling massive titans in standard energy brokerage, and finding a way to get carbon neutral sources of energy to be less expensive than fossil fuel alternatives to drive consumer appeal.
Final Thoughts on the Zero Carbon Project
The Zero Carbon Project has an incredible premise and a lofty goal. Reducing the effects of climate change is no easy task, and incentivizing the masses is a wonderful way to begin the road towards a solution. Do we believe that the Zero Carbon Project will ultimately be a major driving factor in the reduction or elimination of climate related issues around the world? Most likely not. However, they do have the bearings to be a catalyst for some serious change, and the development of a blockchain based, decentralized market for renewable energy rewards.
More about the Zero Carbon Project can be found on their official website! The latest ICO updates can be found on Twitter!
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