[e]rrency
Digital Currency for Distributed Energy Markets
[e]rrency™ is a block-chain based finance technology designed for the distributed energy markets. It is an integral part of the diffused.energy™ Platform Solution which fulfills its mission of providing energy suppliers with direct, fair access to the retail and industrial energy markets, while providing consumers with better prices.
The transition to a new type of ecosystem of energy settlements is associated with challenges such as: providing access to energy, reliability and resilience of the system, security and decarbonization at the lowest cost and without adversely affecting the current reliability of the network.
diffused.energy™ platform uses a system of energy tokens equivalent to kWh of energy and settlement [e]rrency™ Utility Tokens – both based on blockchain technology. This approach reduces barriers and facilitate optimal coupling of local electricity generation with sites that can most effectively evaluate, generate, store, trade and use energy. This is supported by the growing dispersed energy ecosystem that at best meets its own load requirements in normal use, while simultaneously opening direct and derived streams of service values to peripheral distribution system operators (DSOs). The intelligent contract model foresees functioning of system participants in different roles and provides for the possibility of extending these roles.
The implementation of [e]rrency™ technologies is based on a private blockchain technology, where each participant of the network uses a certificate issued by the diffused.energy™ Certification Authority. The certificate defines the role of a participant as well as authenticates and encrypts its private data. It is most often associated with a physical secure device.
// Diffused Energy™ – deep learning network of smart energy metering devices. The serverless, decentralized computing platform with a minimal carbon footprint and a fraction of the operating cost in comparison to standard data centers.
- Ultimate level of cybersecurity through asymetric cryptography of decentralised data registry;
- Powerful deep learning network supporting smart grid applications;
- Low power computing modules supporting System-On-Module CPU/GPU or custom ASIC architecture;
- Designed for large deployments of digital currencies, smart contracts, distributed apps, and more…
- Advanced energy metering and real-time power efficiency analytics;
- Seamless & transparent peer-to-peer transactions running on blockchain technology;
- Supervisory Control And Data Acquisition over LoRA, WiFi, and GSM;
The evolution of IaaS
The evolution of IaaS (Infrastructure-as-a-Service) is proceeding towards serverless solutions and distributed systems, where low power consumption (no cooling costs) guarantees low operating cost and low carbon footprint. The distributed network of MeterOne devices is based on the blockchain architecture and asymetric cryptography offering unbeatable cybersecurity solutions and applications in both Infrastructure-as-a-Service and Function-as-a-Service business models.
The serverless computing architecture of the [e]rrency network provides virtualized runtime environment and operational management that completely abstracts the underlying infrastructure from developers. The [e]rrency’s FaaS allows deploying smart contracts and distributed apps without worrying about servers, virtual machines, or the computing resources in the background.