ZoneBitcoin EditorialBitcoin, blockchain and ecology...A big subject that deserves our full attention. We often talk about the astronomical consumption it takes to mine bitcoin. The recent GreenPeace campaign urges the bitcoin community to change the code to reduce the network's energy consumption. The controversy over bitcoin mining is constantly fueled with new data. For example, The Bitcoin Mining Council released a study showing that the trend in bitcoin mining was ever more environmentally conscious.
Likewise, more and more projects and blockchains are seeking to reduce their carbon footprints and work on ecological projects.
It turns out that blockchain can be a great tool for taking action to preserve the environment. Indeed, we can use blockchain technology to promote the use of green energies through various daring projects.
We then decided to list here the best projects based on blockchain in favor of energy and the environment.
Le SolarCoin : the crypto that promotes the creation of solar energy
It is one of the best-known blockchain projects in terms of environment. The SolarCoin foundation was created in 2014 and its main objective is to promote the creation of solar energy. It is indeed the cleanest energy.
In fact, what you need to remember is that behind solarcoin there is not a company but a foundation. Thus, the solar coin foundation provides in the form of solar coin and up to 40 years of financing for those who want to get started in solar energy. In other words, the foundation subsidizes everyone who goes into solar energy.
Thus, with SolarCoin, people's photovoltaic panels have sensors that send the quantities of energy produced to the Blockchain. The energy producer then automatically receives the equivalent SolarCoins. This is what we call self-consumption.
The foundation is aimed at both individuals and businesses. According to Nick Gogerty, the spokesperson for the SolarCoin foundation, “the aim is of course to serve as an ecological incentive by encouraging the installation of solar panels among businesses and citizens”
SolarCoins can be claimed by individuals or industrialists, owners of their photovoltaic installation or not (in the case of a third-party investor). To own SolarCoin other than by purchasing on exchange platforms, you must therefore have photovoltaic equipment.
Thus, in France for example, the supplier of 100% green energy and natural gas: ekWator accepts SolarCoins for the payment of its invoices.
Any size solar power producer can freely submit a claim to a SolarCoin affiliate to register their solar installation. Applicants download a free SolarCoin wallet to create a receiving crypto address.
Today, more than 97,5 billion circulating-free SolarCoins have been created for energy producers.
Hydrocoin : The cryptocurrency that is boosting hydrogen fueling stations.
HydroCoin (HYC) is the first cryptocurrency created by a blockchain that empowers the hydrogen industry. Thanks to this cryptocurrency it will be a way to invest in companies, projects and new technologies for the production of clean energy, linked to hydrogen.
Hydrocoin mainly wants to focus on rechargeable hydrogen terminals. These foodstuffs would therefore be intended for clean vehicles using hydrogen.
The hydrogen energy industry is still in its infancy. For example: There are only a few hydrogen gas stations in Germany. In the near future there will be hundreds and thousands of them. Thanks to HydroCoin, it will then be possible for customers to pay for hydrogen service stations.
WEMcoin : the cryptocurrency that uses wind energy
The use of fossil energy resources leads to an increase in CO2 levels in the atmosphere, which causes, among other things, climate change. In recent years, instead of decreasing, electrical energy consumption has continued to grow. Cryptocurrency mining also makes things worse. It was time to give it green energy.
It is in this context that Lithuanian society Wind Energy Mining installed wind energy parks. Thus, the company offers two types of partnerships:
- co-location of extraction on the territory of the wind farm;
- the use of wind electricity directly from a given producer.
These partnerships will be entirely funded and paid via the WEMcoin cryptocurrency.
Eco Corner : the crypto that rewards ecological actions
The team developing the ECO token has been in development for several years already. The community is always bigger. How does it work in practice? For each good ecological action is carried out, the reward is provided with the Eco coin token. It is indeed ecological actions which are at the origin of Eco coins.
For example, by downloading the app, tasks are given such as:
- eat a meal without meat
- take your bike to go to work
- recycle your plastic cup at a festival.
It is the community which will decide which are the best actions which deserve rewards. When the community grows, eco-friendly actions will become normalized.
But, then, the question is how to spend your Eco coins? The company has generated numerous partners with companies focused on the economic issue. So, with ECO, you can rent bikes for example, or buy products from an organic market. In short, as you have understood, the ECO cryptocurrency follows through on its reasoning: acting for the environment.
H30: Bitcoin mining using hydraulic energy (hydromining)
Mining cryptocurrencies using hydraulic power is called hydromining. This is what the company proposes to do Hydromine.
With the H3O token, it is clearly the most innovative way to participate in the extraction process in an ecological way. The team behind the HydroMiner project, ranging from green energy consultants, mining experts and financial professionals, aims to create a cost-effective vehicle for participating in mining. While already having expertise in creating large mining operations, the company now wants to offer investors a way to mine crypto while consuming less energy.
The company is rather solid and has even been audited by KPMG. Indeed, the most expensive thing in bitcoin mining remains energy consumption. Thus, with lower costs and a reduced environmental impact, the company kills two birds with one stone.
Earth token: a crypto that transforms waste into energy
Earth token is implemented by the blockchain platform of “Natural Asset Exchange” and the sale of initial coin offering (ICO) tokens of the cryptocurrency. Earth Token offers key solutions for the energy transformation of waste and the use of clean energy.
Earth token wants to stimulate natural assets via sustainable solutions that respect the environment. For example, the Earth Token allows polluting companies to offset their negative effects.
The company's platform allows customers to identify and attribute different environmental impacts while reporting the efforts made. For example, if a product or service comes to provide an environmental solution, then the company is well notified. In addition, the company has implemented a climate neutral fuel "Climate Neutral Fuel" which is a turnkey fuel management solution that increases the operational efficiency of internal combustion equipment, such as vehicles, generators and other assets essential to commercial and industrial activities.
Transform waste into energy. Waste-to-energy involves generating energy from primary waste by creating synthetic fuels from these materials and using this fuel to create energy.
EverGreenCoin : the cryptocurrency that finances green projects
EverGreenCoin is a "cryptocurrency" that aims to promote environmental actions by raising funds. The funds are used to finance cleantech and environmentally friendly projects.
EverGreenCoin uses Proof of Stake, which allows you to avoid wasting electricity. EverGreenCoin is also much faster than Bitcoin. Transactions on the EverGreenCoin network are fully confirmed, meaning they are fully received and can be spent, much faster than a Bitcoin transaction. EverGreenCoin is organized into “branches”. Each branch focuses on its area of expertise, coordinates with other branches and shares resources to achieve EverGreenCoin's goals.
As for SolarCoin, EverGreen operates through a foundation. The EverGreenCoin Foundation, a bit like the trunk of a tree, provides branch resources and coordinates the growth of the branches. New branches may emerge whenever there is sufficient community participation to organize a new area of focus.
GenerCoin: the cryptocurrency that promotes biofuels
GENERcoin is a cryptocurrency backed by renewable energies and the Green Energy asset. We know that everyone's desire is to move to a sustainable energy model. This is also the ambition of GENERcoin. The GENERcoin token relies on energy products purchased from renewable energy production facilities, such as Arterran Renewables, which are then sold to wholesale distributors and end users. These assets may constitute receivables in the form of standard power purchase agreements to be delivered from power generation facilities such as Arterran Renewables.
It is indeed a bit like the SolarCoin system we saw above. Except that here, the company has set up a solid biofuel "Renewables NextGen d'Arterran". The biofuel is truly revolutionary because it directly replaces the thermal coal used for electricity production.
A GENERcoin is collected each time green energy is created. Likewise, the token can be exchanged or converted into dollars/fiat according to the wishes of their holders.
LO3 ENERGY : Smartgrids to share excess energy
LO3 Energy develops blockchain-based innovations to revolutionize the way energy can be generated, stored, bought, sold and used, all at the local level. The company is based in New York and it is already very popular to see the press and the media who relayed its existence. The company assumes that energy is the key to running cities. This is a fact.
Thanks to blockchain technology, the company has developed » Exergy“, a permissioned data platform that creates localized energy markets for transactions on existing grid infrastructure.
This seems to be the model of the future indeed. All possible energy is stored and is not lost and this is the great advantage of smart grids.
So here are the 10 blockchain projects that work for ecology. We hope that this will counterbalance the received idea (?) that cryptocurrencies are disastrous for the ecology…
