Zero Carbon – blockchain project to develop alternative energy market

Enormous emission of carbon dioxide into atmosphere and melting of the Arctic permafrost are both publicly acknowledged problems. When carbon dioxide collects in the atmosphere, it causes a significant impact on climate and global warming – so-called greenhouse effect triggers cataclysms and puts the health of the planet under threat. Scientists predict that by 2100, global temperature can rise by 2-5 degrees by Celsius – even such change is enough to cause serious damage to Earth and its inhabitants.

When it comes to carbon dioxide emissions, there’s a vicious circle: the more it’s emitted, the more is the threat of Arctic permafrost melting. Why is it so bad? In fact, the ice of arctic permafrost contains a huge amount of carbon dioxide (in bigger amounts than what’s contained in the atmosphere now): if they start thawing, the gas will be emitted. This can lead to even more horrible outcomes than we suppose.

What causes the problem of carbon dioxide emissions?

The major source of carbon dioxide emissions is burning of fossil fuels, be that gas, oil, or coal. Whether we want it or not, we’re all involved in this process and contribute to it. The burning of fossil fuels is used in the following spheres:

• automobile (use of gasoline) – the major source of carbon dioxide;
• manufacturing (burning of fuel to obtain low-cost energy);
• housekeeping (a lot of houses have gas stoves);
• railway – the vast majority of trains still work on the coil.

The saddest thing in this situation is the fact that fossil fuels still stay the cheapest and most available source of energy. However, they are not renewable – sooner or later the entire stock of fossils will be mined and processed. For that reason, people started searching for alternative sources of energy.

Zero-carbon energy – what is it?

A zero-carbon energy source is the one that does not emit carbon dioxide. These sources include:

• hydropower;
• solar energy;
• nuclear energy;
• windmills generating electricity.

The practice shows that the technologies of renewable energy are already developed well enough to supply the humanity with eco-friendly power. However, they are still too expensive, which is why the influence on ecological situation is minimal. Even though some companies are worried about the environment, they have to make the choice in favor of more affordable energy obtained from burning fossils.

What’s the solution to this problem? We need more competitive prices on ‘green’ energy and a more developed market. This is why Zero Carbon project was founded.

What is Zero Carbon?

The main mission of this project is to promote the development of the market for renewable energy by introducing beneficial energy contracts for consumers. The platform will reward users of ‘green’ energy with Energis tokens which can trigger the positive changes. In other words, Zero Carbon is the marketplace where energy providers and clients can find each other, with the first offering competitive prices for ‘green’ energy production.

How Will It Work?

What discourages the providers of ‘green’ energy from a partnership with consumers is that they have to pay some fees applying international carbon credits. In order to solve this issue, Zero Carbon covers this expense to outperform the providers of traditional energy – market competition is driven by attracting a huge number of producers with agreeable ‘green’ energy prices and offers that suit consumers demands (location of facilities, way of energy usage, etc). To put it simply, the process of partnership is executed the following way:

• Suppliers publish their offers for delivery of ‘green’ energy;
• Offers are published on the platform, and users can compare them (there’s also the auction system for companies);
• The client chooses the most suitable offer on the market and concludes a contract directly with the provider.

Why Using Blockchain?

The role of blockchain in Zero Carbon system cannot be overestimated. First, it ensures transparency and fairness: users of the platform can be sure that they get reliable and trustworthy information about each other. Secondly, blockchain enables smart contracts – that means that the consumers and providers will be able to conclude digital contracts which trigger payments only upon delivery of service.

Thirdly, blockchain drives the distribution of Energis token that’s used to incentive platform members for using eco-friendly energy. Such technological approach enables proper development of the financial foundation of the project. Besides, Energis tokens will be bought by consumers and providers as the fee for joining the market.

Bottom Line

Being an Australian based project, Zero Carbon will start its work in the UK and Australia in 2018. This time won’t be enough to understand how promising the project is – it will need time to attract energy providers and consumers. However, given a lot cost of Energis tokens during pre-ICO and ICO sale, companies interested in green energy sources can give it a try and make investments.

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