Serenity Source: Blockchain Ecosystem for Energy on the Go?
Serenity is a multi-functional blockchain-based ecosystem, an energy retailer for the people that focuses on the promotion of sustainable living, renewable energy production, and smart energy grid utility services.
Serenity aims to become the incubator for renewable energy-related projects by using the power of THE crowd. The IEO is currently ongoing and will end in about 22 days as of this writing.
Serenity ecosystem utilizes the latest hi-tech technology, IoT concept coupled with blockchain, and smart contract architecture. All these it uses to record renewable energy consumption and production.
How Serenity Technology Works
The smart energy gateway—IoT blockchain-enabled devices (HEPEK) is the main hardware that Serenity will install at customers’ premises to accurately measure and record on the blockchain electricity consumption and renewable energy production.
With access to real-time spot electricity price, the gateway will make smart decision to store generated energy into batteries or export electricity to grid and sell it on the energy market for the best price.
Benefits of using the Gateway Technology
The core benefit of the smart technology is blockchain. By using smart contract, Serenity aims to reduce energy retail administrative costs, provide the digital proof of ownership, and ultimately provide lower energy price and rewards for CO2 reduction.
A bad debt, often associated with standard utility business, will reduce through up-front deposits, as well as automated real-time energy purchase through micro-transactions. All this will happen courtesy of the smart energy gateway device and underlying blockchain infrastructure.
Serenity aims to create a sustainable world where every household is organically fitted with renewable energy production and storage capabilities. It seeks to be a small-scale energy generator connected to the distributed grid and part of a shared economy that monetizes their planet caring behavior through incentives and rewards.
Serenity believes that the main challenge the power sector is facing is the transition from a centralized structure with a small number of “large scale” energy providers such as hydro, coal, gas, and nuclear to a decentralized scenario of Distributed Energy Resources such as solar or wind.
Serenity aims to bring blockchain to the energy sector with the potential to transform how people engage with the utilities by bringing control and transparency back to the end users and giving solutions to people who have been neglected by traditional systems.
Serenity’s Rapid Building System
Serenity will use Rapid Building System as a cornerstone for building Carbon Negative and Net-Zero homes. Using the integrated blockchain enabled gateway HEPEK, the platform will give homeowners a tangible platform to produce renewable energy surplus.
Such homes, regardless of location, will be part of the new emerging distributed network of sustainable dwellings that produce electric energy and sell the surplus to other members of the network ecosystem. The Rapid Building System is a holistic design that conforms to a set of Passive House design principles such as:
- Thermal Insulation
- High Energy Performance Windows
- Mechanical Ventilation Heat Recovery
- Integrated PV roof panels
- Thermal Bridge Free Construction
The Serenity Token will be used as the right to perform work on behalf of Serenity community network.
This will enable them to acquire a share in Serenity revenues generated. Serenity is created to acquire access to Serenity Energy Retailer services and obtain additional electricity discounts.