Rowan Energy Blockchain

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Rowan Energy Blockchain (RWN) ICO Review

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Rowan Energy Blockchain is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.

Essential Information

Ico Time01 Oct 2020 – 31 Oct 2020
Token NameRowan Energy Blockchain
Token SymbolRWN
WhitepaperView Whitepaper
Website LinkHome
Price1 RWN = 0.45 USD
PlatformEthereum
Minimum investment50 USD
Hard Cap4,500,000 USD

More about Rowan Energy Blockchain (RWN) ICO:

We want to turn the energy market on its head, with a blockchain-driven decentralized energy community. We will achieve this whilst at the same time encouraging people to buy green energy and also have solar installed to produce their own green energy. Using our custom-built Proof of Authority (POA) blockchain our members will be able to trade their electricity with other consumers peer to peer and in almost real-time. Our Rowan Token will be used as a means of exchange for users buying and selling electricity and business buying our renewable energy certificates.

Rowan Renewable Energy was the brainchild of the founder and CEO David Duckworth.   originally Rowan wanted to reward people for sustainable living,  but the team found it impossible to quantify the value of recycling a plastic bottle to recycling a bed mattress.

But part of the above project,  Rowan wanted to encourage UK homeowners to get rooftop solar installed.

This is where the gap in the market is in the UK.

Rowan Energy Blockchain is the world’s first community supported Green Energy Blockchain. Our blockchain is based on the low powered Proof of Authority consensus mechanism, Where each of our members takes a role either validating the energy transactions or generating renewable electricity and selling it back to the community.

Our members are entwined in what we do. Each member if they choose can validate the transactions on our network, this decentralized system allows for transparency and trust. The work is rewarded with Rowan Tokens that can be used towards your energy bills, used for transaction fees, traded on an exchange or saved for future growth.

We are building the series of dAPPs for the energy market. Tokenizing REGOS, REC, carbon credits and will enable energy producers to sell their energy directly to consumers peer to peer

Rowan Energy is the world’s first community supported green energy blockchain. Based on the low powered POA consensus mechanism, which uses certificates to authorise transactions rather than utilising traditional energy hungry mining. We are building a series of Energy focused apps that bring the Energy Market into the 21st Century, decentralising and digitising a traditionally archadic industry.

We wanted to build a new kind of blockchain that is truly decentralize. Within our energy community our customers validate the energy transactions and are rewarded for their contribution to the community. We want to achieve this whilst at the same time encourage people to buy green energy and also have solar installed to produce their own green energy.

Using a custom built Proof of Authority (POA) blockchain we can distribute to our members and supports as low powered Rowan Hub that is hosted in the home. These devices confirm the transactions on the blockchain and gives its owners daily rewards for doing so, in the future these rewards can be used to offset their energy costs.

In the future our members will be able to buy their electricity from other members peer to peer and in almost real time. Our energy is generated primarily by its members, any extra energy requirements will be bought as a club from renewable sources, giving us the buying power of a large customer base allowing us to negotiate excellent deals.

The Problem

On 1st April 2019 the UK regulators stopped the solar incentive scheme (called FIT) for new solar owners.  Whereas before the scheme had offered residents in the UK  a healthy return for feeding you excess energy onto the grid, you where sold panels with a ‘good return’ and ‘pay for themselves’ sales pitch.  Now with returns being a maximum of 0.055p per KW/h. Your panels will never pay for themselves. Even if you are on the FIT tariff,  it takes from 3-12 months to receive payment for your energy.

If you own a large solar farm you can receive a certificate (called REGO)  of origin for your energy meaning you can sell it as green/renewable.   You are also entitled to what known as a Renewable obligation Certificate or RoC. These are assets uncoupled from energy produced and are sold to businesses that need to offset their carbon footprint. 

With stricter carbon targets being announced and hefty fines being promised these certificates are going to become very valuable – above and beyond the £47.70 they already cost.

\in  UK residential renewables market is the inability to track the energy coming onto the grid from rooftop assets.  This makes the REGO and ROC market inaccessible.  Plus to be eligible for the ROC and REGO scheme you need to produce 1MW/h of energy.  Residential house, of course, do not do that

The Solution

Rowan Energy with the support of their own custom-built low-carbon blockchain has formed relationships with meter reading businesses.  Utilising the latest technology Rowan can track the source of energy from rooftop solar and create our own tokenised certificates, and because we don’t need to prove to our customers that their energy green (they can see where their energy is being produced in real-time from the chain and our dashboard.  We can sell the ROCs and REGOs.

The blockchain and infrastructure also enable the peer to peer trading platform where we give customers to buy their energy directly from other solar owners, the trade is automated and across public exchanges,  and the best bit is the energy providers get paid instantly for their energy.

All transactions are to be paid in rowan Token and also RWN is used to by and sell the energy and the buy/sell and moving of certificates.  This will create a huge demand for the token, with every energy customer needing to reload the wallet to pay for their energy.

THIS ROWAN ENERGY’S WHITEPAPER IS STRICTLY FOR INFORMATION PURPOSES ONLY, AND WE DO NOT GUARANTEE THE CORRECTNESS OF OR THE CONCLUSIONS PROVIDED IN THIS WHITEPAPER. THE WHITEPAPER IS PRESENTED ON AN “AS IS” BASIS. WE DO NOT MAKE AND EXPRESSLY DISCLAIM ALL REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS, IMPLIED,STATUTORY OR OTHERWISE, OF ANY FORM, INCLUDING, BUT WITH NO LIMITATION TO WARRANTIES OF USAGE, MERCHANTABILITY, SUITABILITY,FITNESS FOR A SPECIFIC PURPOSE, TITLE OR NON-INFRINGEMENT. WE OFFER NO GUARANTEE THAT THE CONTENTS OF THIS WHITEPAPER ARE FREE FROM ERROR. ROWAN ENERGY AND ITS AFFILIATES SHALL NOT BE HELD LIABLE FOR DAMAGES OF ANY KIND RESULTING FROM THE USE, REFERENCE TO, OR DEPENDENCE ON THIS WHITEPAPER, OR ANY OF THE CONTENT CONTAINED IN IT, E VEN IF ADVISED OF THE LIKELIHOOD OF SUCH DAMAGES. UNDER NO CIRCUMSTANCE WILL ROWAN ENERGY OR ITS AFFILIATES BE MADE LIABLE TO ANY INDIVIDUAL OR ENTITY FOR ANY LOSSES, DAMAGES, EXPENSES, COSTS,OR LIABILITIES, WHATSOEVER, WHETHER DIRECT OR INDIRECT,COMPENSATORY, CONSEQUENTIAL, ACTUAL, INCIDENTAL, PUNITIVE, SPECIAL,OR EXEMPLARY, FORTHE USE OF, REFERENCE TO, OR RELIANCE ON THIS WHITEPAPER OR ANY OF THE CONTENT CONTAINED IN IT, INCLUDING, WITH NO LIMITATION TO, ANY LOSS OF BUSINESS, PROFITS, REVENUES, USE, DATA,GOODWILL OR OTHER INTANGIBLE LOSSES.

The blockchain is a digital database of transactions, which are stored on miners computers around the world and can easily be accessible by the public.With the rise of blockchain, the world now has a functioning protocol to process transactions in a cost-efficient and decentralized way. Blockchain protocols are based on cryptographic keys (to authenticate participants) and were traditional ‘p roof-of-work’ puzzles (to evenly distribute the processing of these transactions to market participants) this deemed to bepower hungry and new greener methods of validating data came to market, the first proof of stake and more recently proof of authority.For cryptographic keys, there are the private key (to sign transactions) and the public key (to authenticate signatures). Unlike the real world, in which signatures can be forged and be difficult to verify, the Elliptic-Curve Cryptography (ECC) used in the blockchain is secure enough to resist hacking and extremely easy to implement digitally.The public keys serve as account numbers and can be used for easy verification whenever the account owner signs any outgoing transactions from his/her account ‘Pr oof-of-authority’puzzles constitute the tool to distribute authority to network participants.Just as the real world with a central entity with the authority to accept or reject transactions, and with the ability to ensure, among other things, that assets are not stolen or spent twice, the blockchain involves the processing of transactions by decentralized market participants (i.e. ’miners’)

However, since the protocol is open source, virtually anyone in the world can become a miner in traditional systems. This means that the blockchain is less likely to become controlled by a single person, and transaction fees more likely to be driven by open market forces. Since the blockchain eliminates all intermediaries, transferring funds from one address to another is very cheap.Currently, the cost of processing a transaction using the Ethereum blockchain is about US$0.038.However, the cost to place an international money transfer using the UBSebanking platform is US$5.16. This then shows that transferring funds using Ethereum is over a 130x cheaper than using UBS.Cryptocurrencies, such as Bitcoin, were amongst the first blockchain applications to be launched. Nevertheless, the most important disruption does not come from the ability to conduct transactions, but to execute programs in a secured and decentralized fashion. With blockchain ICOs raising hundreds of millions of dollars, and financial authorities around the world finally clarifying regulations applicable to ICOs and blockchain businesses,2020 will become a major milestone towards the establishment of a token-based economy.Importantly, the latest regulatory developments across the world indicate a near future when issuing a blockchain token as mean to transfer the property of assets, such as real estate or securities, can be done in a lawful and compliant manner in several leading financial jurisdictions.Just like real estate other assets such as electricity can be traded enabling the automation of buying and selling of energy. Bringing the power away from large shareholder driven providers and bringing the power to the people (l iterally)

Our blockchain holds the key to moving away from shareholder driven energy providers and allowing everyday people the opportunity to take responsibility for their own energy consumption.Our platform enables owners of rooftop solar to sell their energy to other consumers peer to peer. Not only increasing rewards for generating your own energy but speeding up the payment terms to almost instant.

Imagine this if you will. You have solar panels on your roof and they are fitted with a battery and a small low powered Rowan Miner. You produce electricity, you use some and the rest is stored in your battery. Excess energy is then fed onto the grid when the demand is high. Your fed energy is bought by your neighbour and paid for using tokens directly into your wallet. That token can then be used towards your energy bill, it can be held for future growth or sold on a public exchange – instantly. The token can even be donated to your favourite charity if you so wish. The consumer of your energy can look at their dashboard and see where the energy they are using is being produced how it’s being produced.Everyone in this vision also gets rewards for validating the transactions using their Rowan Miner.

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