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Solcrypto News

Solcrypto presented at SmartIoT London 2017.

London, UK, March 16. 2017 - At the SmartIoT London event which showcases the leading edge of developments in the IoT industry Solcrypto and ElectriCChain presented.

SmartioT London
The Internet of Things (IoT) is redefining just what it means to be connected. It will present unmissable, undreamt-of possibilities for businesses all over the world. This is especially evident to the 7 million+ solar systems currently existing around the world. Solcrypto and ElectriCChain are investigating how blockchain technology can be used in solar industry.

Solcrypto detailed how our data logger technology was progressing and how we were able to connect a Raspberry Pi device as a full node to the SolarCoin blockchain. These full nodes were able to handle all of the RPC commands and operations behind a very secure Linux shell. These “low power staking nodes” were written extensively about on the ElectriCChain and SolarCoin websites and Solcrypto envisages connecting another data logger device to the full node in the near-term. We are entering our alpha test phase program and have a sign-up list for testers on our site if they want to participate over the next months. This is limited to 10 alpha testers.

Ultimately a member of the SolarCoin open-source community who contributed heavily to the developments of the software (a part of which) that Solcrypto is using and ElectriCChain demonstrated a live demo on-stage of connecting to a full IoT SolarCoin node connected to an Enphase Solar Inverter in the UK remotely. The Data-logger publishes transactions to the SolarCoin blockchain via a script periodically. Later the SolarCoin Foundation API is leveraged by Solcrypto to check the transactions on-chain and then apply for SolarCoin’s on behalf of the Solar Panel owners.

“This is the 2nd step along the road of connecting all 7+ million solar panels to the ElectriCChain, and we are excited about the progress. We thank all of those involved in the open-source aspects of the development that has allowed us to make this happen”. Said Luke Johnson, Co-Founder and CEO of Solcrypto


Solcrypto presented at BConference.

Abu Dhabi, UAE, December 8. 2016 - At the sub-event of the conference that had attendees from over 25 countries three organizations gave presentations that specifically linked the solar industry with the use of blockchain. These were CHAIN-OF-THINGS, SOLCRYPTO and the SUN EXCHANGE. This part of the conference was part of the unique panel "Chain of Solar".
Chain-of-solar investigated how blockchain technology can be used in solar industry.

Solcrypto detailed how our data logger technology was progressing and how we were able to connect a Raspberry Pi device as a full node to the SolarCoin blockchain. These full nodes were able to handle all of the RPC commands and operations behind a very secure Linux shell. These “low power staking nodes” were written extensively about on the ElectriCChain and SolarCoin websites and Solcrypto envisages connecting another data logger device to the full node in the near-term. Ultimately Solcrypto reported on their data logger progress and the development of their platform that connects any solar panel to the solarcoin blockchain easily in a plug and play process. This work will continue this year as Solcrypto works with various stakeholders. Solcrypto also reported that they are consulting to various power sector large stakeholders in the solar and grid sector on blockchain technologies.

“In the near future we will connect the RPI3 full nodes to small data-loggers that are connected to solar installations. Then the SolarCoin blockchain becomes like the “truth superhighway” for solar energy production data, which could benefit other organizations and researchers. ” Luke Johnson
bconference


Solcrypto is making a joint venture with CoT.

July 1. 2016 - Solcrypto is making a joint venture with CoT and we are building our version 2 of our minimum viable product (MVP) in Hong-Kong/Shenzhen. This means, faster prototyping, faster scaling and more SolarCoin data-loggers in the future. We won't forget our first loyal Solcrypto users! And we will give you the chance to test these data-loggers pre-release and at no cost to you except a small SolarCoin donation for shipping.

Our current timeline is to release the first batch of 20-30 dataloggers to the Solarly teams projects in Cameroon to connect to the small Solar Home Systems (SHS) in November this year. We are also deep in talks with many providers of SHS globally. Stay tuned for more progress on this.

Once all of these data-loggers are out there in the wild then they are also designed to connect to ElectriCChain. What is ElectriCChain? Well it will be the world's largest solar monitoring system with over 7 million solar plants connected to it in a few years and up to 200 million in the next 10-15 years.


ElectriCChain presents a potential data solution for solar powered micro­finance and micro­grids globally at the Chain­of­things IoT, Blockchain and Security Conference in London.

LONDON, UK, (PRWeb) June 4. 2016 - Trusted data about solar energy production and consumption is key to managing microgrids and microfinance for the bottom of the pyramid. ElectriCChain presented a full stack datalogger that connects multiple blockchains to the digital output of solar energy plants at the Chainofthings (CoT) consortium event at the Rainmaking Loft on June 1st. The event brought together a consortium of firms and open blockchains that participated in the project. This included Solcrypto, Bitseed, SolarCoin Foundation, IOTA and the Chainofthings (CoT) research laboratory. The event’s focus was security in the IoT space and how blockchains could address multiple attack vectors that have hampered the development of the IoT industry. In this first event a solar energy case study was investigated in detail. “We think we are onto something here; by connecting a datalogger that grabs solar energy output in nearreal time that then pushes it securely to multiple blockchains for different purposes, we can help democratise energy wherever it is generated.” Luke Johnson, CoFounder of ElectriCChain and CEO of Solcrypto.

The full day event had consortium of players bringing the blockchain datalogger to the demonstration, cooperation in the consortium is ongoing as the blockchain enabled datalogger
transitions to a minimum viable product. After the initial presentations multiple speakers presented on IoT security and electricity generation security. A hackathon and subsequent presentations that developed case studies on top of that proposed datalogger stack were also discussed in depth.

Please see the full news release here (pdf).
Media coverage: TechCrunch, Econo Times, 巴比特, The Cointelegraph, Intel Developer Zone, The Stack


Solcrypto is a member of the Chain of things (CoT) Consortium Participating in the IoT London Event on June 1st, 2016.

ECMay 8. 2016 - Chain of Things (CoT), a consortium that supports collaborative development on an open source standard to secure Internet of Things (IoT) devices, today announced the launch of a case study on solar panels and a London conference on 1st of June 2016, covering blockchain-based IoT security.
For the case study and event, the CoT consortium has brought together key partners that include Solcrypto – founders of the SolarCoin movement, ElectriCChain – a solar energy blockchain, IOTA – decentralized micro-transactions cryptocurrency for IoT systems, and Bitseed– the developer of plug-and-play blockchain micro devices.
Solcrypto will present our Solar IoT datalogger at the event and discuss the security of adding, maintaining and moving that data on the ledgers. The collaboration with CoT consortium is critical for all parties involved in order to distill the most practical and secure connection to the ledgers so that the protection of the integrity of user data is upheld. Solcrypto aims to build long term relationships and solutions in the energy blockchain space as we see the connection of the distributed ledger solar energy grid as integral to promote solar energy and resilient distributed systems.

For more information please visit CoT on Eventbrite.


Solcrypto is a founding volunteer member organisation that is participating in the development of ElectriCChain.

ECJanuary 20. 2016 - We believe we can make a public tool to monitor solar energy globally in near real time. The ElectriCChain project supports the development of open standards and tools to publish and read solar electricity generation data using the SolarCoin BlockChain and/or other blockchain technologies. We will participate by enabling technologies to submit Solar Energy production data in order to grow the project. This means that we will work on open protocol development to allow inverter and data logger manufacturers to connect to the SolarCoin Blockchain. During our launch phase the ElectriCChain community is restricted to selected participants and vendors such as the SolarCoin foundation, Global SolarChange, Solcrypto, Sunspec, Reuters, NASA, MIT etc. with ongoing additions of manufacturers, developers. The ElectriCChain concept was inspired by the original Solcrypto whitepaper that was written in collaboration with the SolarCoin Foundation.

For more information please visit ElectriCChain.


Solcrypto summarizes 1-year of solar energy blockchain research in a groundbreaking white paper.

December 21. 2015 - Entitled "Connecting the Blockchain to the Sun to Save the Planet" the paper goes through a detailed approach to connect solar energy produced and connecting it to a distributed ledger for electricity trade. Work started on this in mid-2014 and it was finally summarized in late 2015.
In Luke Johnson’s ground breaking white paper an explanation is made for the first link from solar energy directly into the financial network via a blockchain. Using a solar panel and datalogger/inverter software Luke is generating SolarCoins directly from the sun’s energy.
A breakdown of components used in this project is also available.

Abstract

The purpose of this work is to show how Solarcoin can operate, its added value and further to show how a solar powered node on the solarcoin blockchain can potentially operate. The aim of this document is to disseminate valuable information that crosses over between solar engineering, ad-hoc network engineering and finally blockchain development. The work starts by introducing how to get Solarcoin- either generating it from solar energy, or by trading it. Then the work goes on to explain a general overview regarding how blockchains operate for people who are new to the blockchain technology. And finally the document details plans for a solar powered Solarcoin node that generates Solarcoin and simultaneously protects the transparent consensus ledger. A solar powered Solarcoin node was constructed and tested for an 11-month period and still ongoing at our research labs in Tokyo. The details of the construction and operation of this setup were documented. This document was written in the intent of freely distributing information so that further innovation can occur in the future. In the future, it is hoped that the process of creating an open source solarcoin blockchain node will be streamlined and simpler, so that solarcoin nodes can proliferate. This will enable more people to benefit from the added value that solarcoin has for planet Earth, and its people.

SSRN Abstract ID: 2702639


Earn Interest on Your Rewards.

September 25. 2015 - On September 25th 2015 (Block 835,213), a switch to the Proof-of-stake-time (PoST) protocol of blockchain securitization occurred. This means that leaving your wallet running in the background on your computer will earn you about 2% annual interest, depending on how much you leave your wallet on. It will be harder to get SolarCoin once this occurs because SolarCoin will only be mined from the granting mechanism by the SolarCoin foundation or bought or sold on the exchanges and markets including Solcrypto. It is one of the most advanced algorithms in the crypto assets space. Solcrypto will be staking on the solarcoin blockchain 24x7 with our specialized hardware starting early October 2015. Therefore if you have an account with Solcrypto, and have successfully claimed coins from your Solar Panels with us, we can make it easy for you and earn the interest on your behalf. You can withdraw your coins at anytime from your Solcrypto account.

How can I get interest on my SolarCoin?

You can download a SolarCoin wallet from Solarcoin.org, install it and then put Solarcoin in. You will need to then keep your wallet on 24-hours per day. By allowing the wallet to stake in the SolarCoin blockchain, you will earn approximately 2% interest p.a. on your wallet balance. Alternatively, you can let Solcrypto do this for you and you won't need to keep your computer on 24 hours per day.

Information about how Solcrypto stakes your SolarCoin can be found here.