Our proposed solution will enable a blockchain based energy peer to peer market, where Africans can produce clean energy and share it through a micro grid with different consumers. The goal of this solution is to develop a smart energy meter based on blockchain where it is behaving like a node in the micro grid that not only calculate the energy production and the energy consumption, but also share data with different grid prosumers, providing a secure solution, smart contract and a decentralized application. This device is also connected to a secure Cardano wallet where prosumers can sell and buy energy using Cardano.
With this fund we target a village microgrid (10 houses to 20) to encourage people to produce and consume green energy typically solar and wind energy that create a cleaner environment and a free markets without the monopoly of utilty companies. This targeted village shall be a pilote before scaling up.
The impact of the provided features in our solution is enabling a peer to peer energy market in an African micro grid which will help us to encourage people to produce and consume green energy typically solar and wind energy that create a cleaner environment and a free markets without utilty companies.
We could continue to seed and grow Cardano in Africa by providing tech-use solutions for African problems. Electrification, sustainable energy production and sharing are main challenges and opportunities to improve the quality of life in remote villages. Our project will provide a local impact. The developped framework will enable the villagers to produce and share energy, hence creating a source of income. The energy exchanged is mainly from decentralized photovoltaic panels. We are planning to bring new Cardano users and collaborating with local NGOs.
Technical: security, hack, bugs
Operational: Trust, Energy Availability, microgrid availablity
Socio-economic: low income (producers can't invest in renewable solutions), price of equipments.
Legal: the use of crypto currency, Energy power sharing legislation.