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Event Recap

What’s Inside?

Current CHALLENGES of Carbon Tracking (e.g. double spend) @ 3:34

SOLUTION for Carbon Credits Tracking @ 4:47

Active PROJECT in NYC with GreenWatt and Optimum @ 5:10

Vendors can JOIN the NYC Buildings Carbon Tracking Network @ 14:45

How BLOCKCHAIN helps @ 6:28 and @ 11:42

Handling erroneous or BAD DATA on an immutable blockchain ledger @ 10:44

Using SMART CONTRACTS in a STRATO blockchain network @ 12:04

Using CONSENSUS for Regulatory Approval @ 13:04

Using PRIVATE CHAINS for data privacy @ 13:24

Using IoT DEVICES with a blockchain @13:50

Overall carbon credit marketplace @ 8:35

More for Upstream and Midstream Oil & Gas operations @ 15:50

Great Q&A

Q @17:07 A @ 17:47  Yes; you can use SMART CONTRACTS to programmatically RECONCILE data – creating large (50% in this example) operational savings.

Q @ 19:15 A @ 19:48 – These companies are so large and multinational – they have so many data sources and copies that they actually usually UNDER-REPORT their reductions because they don’t trust the data and can’t truly audit it.

Blockchains provide the RELIABLE paper trail of data with robust STANDARDS so these companies can have much greater CONFIDENCE in their data.

Q @ 21:35 – A @ 21:52 – The data sender and receiver never exchanged passwords/private keys – they verify information through public key cryptography. Corresponding keys diagram @ 14:45

Q @ 23:19A @ 24:00 – The EU’s mechanism/formula can be CODIFIED and CALCULATED using a SMART CONTRACT.

The same source data can be used to calculate a different RESULT based on the parameters of the smart contract, which mirror the mechanism itself with variables, etc. Companies can also use CONSENSUS for third-party VERIFICATION of these calculations.

Q @ 26:10A @ 26:57 – It’s really a matter of DEVELOPMENT. Lots of code is written in different languages – in the end it is all compiled into byte code. After code is processed, the USER INTERFACE shows us different languages – it is just a matter of front-end development.

STRATO also handles the server aspect of this – regional cloud(s) or on-premise needs. It can be deployed in one OR many places with different cloud services, depending on what the network needs!

Q @ 27:22 A @ 27:48 – They can (a) JOIN EXISTING STRATO networks like the one mentioned @ 14:45 or (b) start small with the BlockApps Accelerator Program: https://blockapps.net/accelerator-program/

When smaller companies join is actually where blockchain technology really shines!

Q @ 29:04 A @ 29:12 – Very easily; either through logging in mobile/iPad apps OR using the IoT devices installed in more modern fleets.

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Event Details

From the Atlantic Council Global Energy Center – the next episode of EnergySource Innovation Stream. The series highlights new energy technologies with the potential to reshape the global energy system through discussions with companies and individuals working diligently to bring those innovations to market at scale.

On Friday, September 4, from 9:30 – 10:00 a.m. we will discuss how BlockApps’ STRATO platform tracks and exchanges blockchain-backed carbon credits for buildings’ energy usage.

Free RSVP

In this interview we will explain how STRATO:

  • tracks buildings’ carbon intensity
  • produces reliable data for regulatory compliance
  • generates profitable carbon credits

He will describe how property managers can use the platform to view all pertinent data—including carbon emissions and opportunities for efficiency—in a single ledger, which enables companies to make intelligent, data-driven decisions. As a case study, he will showcase how the platform is used in high efficiency, Internet of Things-enabled co-generator units in New York City.

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