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Rowan Energy Blockchain

IEO has 21 days left
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We want to turn the energy market on its head, with a blockchain-driven decentralized energy community. We wanted to build a new kind of blockchain that is truly decentralized. Within our energy community, our customers validate the energy transactions and are rewarded for their contribution to the community. We want to achieve this whilst at the same time encourage people to buy green energy and also have solar installed to produce their own green energy. Using a custom-built Proof of Authority (POA) blockchain our members will be able to trade their electricity with other consumers peer to peer and in almost real-time. Our energy supply is generated primarily by our own customers, any extra energy requirements will be bought wholesale from other renewable sources, giving us the buying power of a large customer base allowing us to negotiate excellent deals. In the UK current feed-in tariffs vary between 0.03p per KW/h to 0.055p per KW/h. Other energy companies have to buy REGO (Renewable Energy Guarantees of Origin) Certificates in order to sell their solar-generated energy back to the grid. But by tokenising the process our customers can see in almost realtime where their energy is coming from. This gives us a saving of 15p per MW/h, plus by tracking our energy back to the renewable source we can also tokenise ROCs (Renewable Obligation Certificates) bringing in an extra £47.70 per MW/h. These savings can be passed back to our customers. Peer to peer trading between our customers takes place automatically by our infrastructure matching sellers with buyers of energy based on their location. Picking the closest producer to the consumer making the energy truly local. This gives maximum returns to the producer with payments also being made instantly a vast improvement to the current system that can see solar owners rewarded for their energy in up to 6 months. All these transactions happen using Rowen tokens with consumers buying tokens to buy their energy from local rooftop producers. The more customers we sign up, the more the demand for our tokens. Rowan has built its own Proof of Authority blockchain. We decided to go down this route in order to build a low powered and therefore low-carbon solution. We wanted to have control of the software side in order to scale the chain as we need, and not relying on the developers of other public chains. This is also now an asset that makes Rowan more valuable. It's also attractive to other Energy Suppliers to use as it's private and meets carbon targets.
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6.9
IEO PROFILE

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SOCIAL ACTIVITY

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TEAM PROOF

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General
Website: Visit
White paper: Read
Pre-sale Time: 10 Feb 2020 - 24 Feb 2020
IEO Time: 31 Mar 2020 - 28 Apr 2020
Country: UK
IEO launchpad: Latoken
Token info
Ticker: RWN
Platform: Ethereum
Token Type: ERC-20
Available for sale: 11,000,000 RWN (24.44%)
Total supply: 45,000,000 RWN
Financial
IEO Price: 1 RWN = 0.25 USD
Accepting: ETH, BTC, Fiat
Hard cap: 2,500,000 USD
September 2018 - March 2019
Research and development into Blockchain use cases in Energy.
April - May 2019
Website launch
Test ERC-20 Token
Building Low-carbon POA blockchain.
Wallet, dashboard & smart contracts
June-September 2019
Proof of concept Energy Certificate to tokenise REGO, ROC and REC.
Licenses and regulations and legal
Talks with major UK Energy Companies
Community building and further research and development
October 2019
Soft Launch Launch of Rowan Energy Blockchain.
Dashboard and wallet infrastructure.
November - December 2019
Pen Tests
Hosting moves
Market research within Energy
January 2020
Senior exec building
Partners secured
Angel Investment secured
February 2020
Private Pre-IEO Sale marketing
GEO and platform redundant infrastructure
March 2020
Rowan Energy Listed in LAtoken
Major publications talking about RWN
April 2020
LATOKEN IEO
REGO/ROC application and proof of concept brought to market
May 2020
Korean IEO launch with ChainX
June 2020
Peer to Peer energy trading software brought to market.
July-December 2020
Concentration on bringing Energy Apps to market through marketing and partnerships.
Jan 2021 and beyond
5,000,000 transactions per day. As people trade Energy and Energy certificates.
Scale business to 18,000,000 transactions by 2022
Last screenshot taken on 25 Mar 2020
Rowan Energy Blockchain IEO
Screenshots taken 14 Feb 2020
David Duckworth
CEO & Founder
Participates in several projects
Halam Rose
Director
Takes part in this project only

Advisors (2)

Simon Ludlum
Takes part in this project only
Amir Hadžipašić
Takes part in this project only
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