Community-Based Green Tezos Minting Via Distributed Solar
Blockchain enthusiasts are excluded from the token creation process owing to factors outside of their control such as the algorithms currently employed in mining and the geographic variability in the price of energy used in mining operations. Therefore, few can afford the cutting-edge hardware and manage the large-scale operations needed for mining at locations where energy costs are sufficiently low.
Consequently, cryptocurrency mining is undemocratic, contradicting the vision of the crypto pioneers and leading to cartelism. Moreover, electric grid instability created by surplus distributed solar energy reduces incentives and energy prices received by solar participants.
We will build a smart-contract-based system with a minimal energy footprint on top of Tezos' native baking software and a metering program to measure each baking node’s green-energy consumption. This system will measure the renewable energy generated to offset total energy consumption used to mint tokens and then "color" those tokens green. For benchmarking, the system will meter its own energy consumption and that of other facilities, thereby increasing demand for the Tezos network.
Green tezzies can be redeemed for discounted solar-energy equipment. This green energy can then more efficiently support the Tezos network as it grows to compete with Bitcoin and Ethereum.
Project Impact on the Tezos Ecosystem
The Green Tezos system will increase demand for the Tezos network while promoting its decentralization, democratization, and sustainability.
Decentralization. The system will enhance decentralization of the Tezos network by utilizing existing distributed solar and incentivizing new solar installations.
Democratization. By promoting access to affordable solar energy, the system will support the adoption of green baking by ordinary people, and, in turn, reduce the potential for cartelism.
Sustainability. The system will ensure that the increasing amounts of energy needed by the Tezos network in the future will be provided by green energy, whilst reducing demand for more energy-intensive coins.
Demand. Decentralization, democratization, and sustainability—combined with the increasing market for green metering—will significantly increase demand for the Tezos network.
The Green Tezos system introduces a new cryptocurrency paradigm for mining coins while expanding solar installations. In addition to supporting existing bakers, this paradigm draws in new participants who would not otherwise be mining cryptocurrency, such as:
existing residential and commercial owners of solar;
other cryptocurrency users who are not mining;
environmentalists and green-energy enthusiasts; and
individuals and facilities without solar but with solar potential.
We can expect market demand to increase commensurately with the increased adoption of the Green Tezos system.
Our Green Tezos Team of core experts and business partners is ideally positioned to successfully implement such a system. NovaSphere is a not-for-profit corporation with expertise in the measurement, reporting and verification (MRV) of greenhouse gas (GHG) emissions, air pollution, and clean technologies. Tom Baumann, CEO of NovaSphere, started work in the environmental sector in 1992 and has worked in a leadership position in the private, public, and nonprofit organizations.
Tom has 18 years experience with setting innovative standards and currently serves as International Chair of ISO climate-change standards committee involving 80 national standards bodies. Tom was the principal author of the System for Measurement And Reporting for Technologies (SMART) protocol, currently used by Sustainable Development Technology Canada to evaluate the benefits of its $4B investments into the clean-technology projects.
Tom also leads the Climate Chain Coalition (CCC), which is an open global initiative in cooperation with the UN Climate Change secretariat to support collaboration among 160 members and stakeholders in over 30 countries with an aim to advance blockchain (distributed-ledger technology) and related digital solutions to mobilize climate finance and to enhance measurement, reporting and verification (MRV) to scale climate actions for mitigation and adaptation.
The core team includes:
Colin Rickert—Technical Leader and Systems Architect
M.S. in computer science with over a decade of experience as a renewable-energy analyst and systems architect.
Tejas Sawant—Operations and Business Support Manager
B.S. in aerospace engineering and co-founder of a solar-energy company focused on engineering, procurement, and construction.
John Cooper—Technical Project Manager and Advisor
M.S. in Agricultural and Resource Economics, co-founder and COO of Abelian Technologies, and experience with statistical analysis and economic modeling.
Harold Abilock—Advisor and Legal Support
B.S. in computer engineering, 15 years of intellectual property consulting experience, and startup business advisor.
Kazim Kargi—Senior Software Developer
Experienced software architect, entrepreneur, and team leader with significant development experience in blockchain technology.
Jayper Sanchez—Core Blockchain Developer
Ethereum Core Engineer with experience in anti-money laundering and protection against personal identity theft.