2.3. Solution
BACKGROUND
2.3.1. REC Generator
Environmental damage caused by large-scale power plants (wind power plants, photovoltaic power plants, hydroelectric power plants) and air pollution caused by excessive carbon emissions from thermal power plants are key challenges for existing power plants.
The REC Foundation solves this problem by producing 100% eco-friendly renewable energy through REC smart electronic generators, and solves unstable energy supply chains due to wind degradation and natural disasters caused by intermittent climate change
In addition, the REC Foundation's solution solves the major problems for energy producers: carbon emission exemptions and border taxes. Furthermore, by establishing an REC foundation blockchain intranet network through decentralization of blockchain, individuals, not companies, can also contribute to the energy industry and establish a compensation system according to their contribution.
2.3.2. REC Infranet
Accepting the need to address the aforementioned limitations in the current energy industry, REC introduces a blockchain-based integrated data management system (REC Infranet).
REC Infranet brings together industry leaders with extensive experience in building and operating renewable energy power plants, as well as various experts in energy data monitoring and analysis. REC Infranet, a distributed energy data platform, will be built and expanded to achieve the next breakthrough in the renewable energy industry through collaborative efforts among ecosystem participants.
Mining with REC Electronic Generators
Power savings through REC electronic generators have advantages in Bitcoin mining and eco-friendly Bitcoin mining is possible due to low carbon emissions.
Mining refers to the process of adding transaction records to the public ledger of Bitcoin, called blockchain. The reason for the existence of mining is to verify the accuracy of all transactions and to make this ledger accessible to all participants on the network. It is also used to distinguish between reasonable bitcoin transactions and re=spending money spent elsewhere.
These networks are called blockchains because blocks are connected like chains. This refers to a list of all transactions made over a period of time. When a block of transactions is created, miners will record it.
REC Plant Data Integration
The collection will be expanded through incentives given to various data providers. Tokens will initially be distributed to drive data collection, and will later provide access to the database to facilitate monitoring and analysis of malfunctions in the REC.
Data Verifier also participates in the ecosystem to validate data and ensure the reliability and accuracy of the database.
REC Industry Data Integration and Data Market
REC will establish an integrated blockchain-based data platform by integrating market data collected from smart electronic generator stakeholders. The data marketplace allows both current and potential REC participants to access information that was once fragmented in the market and confined to intermediate service providers. The REC market will emphasize market transparency and efficiency by using objective integrated data to facilitate the transition to informed decision-making.
REC Plant Management Laboratory
In addition to data integration, the development of systematic and secure industrial data archives will form the basis for diversified service offerings to further spread the exponential growth of the renewable energy market.
REC NFT
The goal is to create an ecosystem of profit structure by purchasing REC electronic generators. By grafting the NFT (Non-Functional Token) to the REC electronic generator, it is possible to purchase shares. This not only makes the entry barrier of generators easy, but also creates a business model that can generate profits for equity investors.
REC Infranet plans to achieve the following goals for the renewable energy market by incorporating the latest blockchain technology.
Data Provider Reward System
The existing platform business operates as a decentralized system in which profits are concentrated only on the platform owner w, not the data provider. In contrast, REC Infranet is a decentralized platform to provide fair profit distribution to all data providers in the ecosystem.
Data tampering prevention
Data reliability is a very important factor in all industries and markets. Following data integration and verification, REC Infranet safely transmits data to blockchain storage to prevent unexpected data changes or intentional manipulation.
Achieve Global Business Scalability
As a global data platform and market, REC will integrate and trade information and resources in various industries around the world. Efficiency can be achieved with this scalability only by incorporating blockchain.
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