Energy Eco Chain is a distributed bookkeeping and application expansion system for integrated energy systems and green financial ecology. Energy Chain can solve the problem of inefficient utilization of resources in the whole process of energy production, energy consumption, energy transmission, energy storage, and capital integration involved in the innovation process from the traditional energy system to the modern energy system. Energy Token) will be "energy-based", that is, the value of each unit of Energy Token is equivalent to a certain amount of energy, and the exchange rate between Energy Token and energy remains constant.

Project Introduction

Energy Eco Chain is a distributed bookkeeping and application expansion system for integrated energy systems and green financial ecology. Energy Chain can solve the problem of inefficient utilization of resources in the whole process of energy production, energy consumption, energy transmission, energy storage, and capital integration involved in the innovation process from the traditional energy system to the modern energy system.
The main application scenarios of Energy Chain will cover energy supply chain finance, digital transactions of energy products, payment and settlement of smart grid, etc. At the same time, it also has extended applications in virtual free trade, financial insurance, smart cities, smart government affairs, etc. planning.
The main body of the operation of the Energy Chain is the Energy Chain Foundation established in Singapore. Foundation funds will be mainly used for research and development of energy chain products and solutions, business development in the international market, reinvestment of blockchain industry companies/projects, and daily operations of the foundation.
The team of the Energy Chain Foundation comes from entrepreneurs, entrepreneurs and senior practitioners in energy, technology, media, finance and other industries. Rich industry experience and diverse backgrounds make the Energy Chain team unique and become the best partner to provide comprehensive services to partners and customers in the field of energy ecology.

Technical Highlights

1. Satisfying advanced applications in the energy industry
The energy industry is different from other application fields that have been developed on the blockchain. Its core applications (market transaction clearing, security verification, Energy data analysis, etc.) are inseparable from large-scale modeling, optimization, analysis and calculation, and most of these complex tasks cannot be realized on Ethereum at this stage. If you use the analogy of a computer operating system, Ethereum can be compared to a DOS system, and the existing Ethereum applications are equivalent to hard disk read and write applications running on DOS systems. The energy industry application, then, is the equivalent of a "VR World of Warcraft" game, which is simply not possible on a DOS system. In order to create an ecological environment that meets the data storage and computing needs of the energy industry, Energy Chain will
• Built-in a more complete standard function library. Supports the use of more common function statements, making application development more convenient.
•Mathematical optimization can be realized, such as linear programming, quadratic programming, etc., to meet the needs of applications such as energy market clearing and energy optimal allocation in terms of mathematical optimization performance.
• Build a multi-chain parallel architecture to support modular development. The Easy Energy Chain will enable developers to develop various energy applications on the Easy Energy Chain platform, and ultimately realize the decentralization of the entire energy industry.

2. Multi-chain Parallel
Energy Chain will adopt a multi-chain parallel architecture, which combines the advantages of public chains and alliance chains to provide a reliable solution. The main chain structure still maintains the characteristics of the public chain, but supports the alliance chain thinking on the sub-chain. On the main chain, the value incentive proof of the Energy Chain, as the driving agent of the entire Energy Chain system, is used for consensus rewards, sub-chain application operating costs, transaction fees, etc. At the same time, the Energy Chain supports the "modular plug-in" of sub-chains, and the design of the sub-chains conforms to the following concepts:
• Incentive proofs can be circulated not only on the Energy Chain, but also on other sub-chains, making it The scope of application and application prospects are more extensive. The calculation and consensus of the sub-chain can only be participated by the nodes of the sub-chain to improve operating efficiency and access to support high-performance applications. At the same time, the Energy Chain supports third-party research and development applications, and connects with the main chain of the Energy Chain through the sub-chain protocol, which makes the status of incentive proof more solid.
• The operation calculation of the sub-chain must be driven by incentive proof. The incentive certificate of the sub-chain and the energy chain incentive certificate can be freely exchanged.

Application scenario

1. Support cross-regional energy transactions
Cross-regional applications are subject to certain restrictions on the physical level, and the cross-chain technology provided by the Energy Chain can provide Technical support; realize cross-community (Taiwan) energy interaction and settlement, cross-border energy trade and cross-border energy payment, energy green labeling and tracking, virtual free trade zone and regional economic integration.

2. Create a ubiquitous energy community
After the introduction of the Easy Energy Chain, a multi-energy complementary energy Internet will be formed, including the smart grid blockchain game optimization of the active distribution network.

3. Supporting open energy applications
The Energy Chain provides a platform where energy data is accurately measured through smart metering devices and uploaded to the Energy Chain in real time to achieve energy-saving energy efficiency management, CO2 emission management.
The combination of Energy Chain and the power system, smart meters are indispensable as basic equipment. Each user in the Energy Chain has installed a unified Energy Chain client that can be pre-quoted, which can record information and communicate with other nodes.
Energy Chain will break the data monopoly of energy information by oligopoly enterprises in the energy industry. In the traditional ecology of the energy industry, most of the energy production, consumption, and transmission data are not open and transparent, and it is difficult for third parties to know.

Related currencies: EET