Sun Fund announced the publication of its white paper today at SunFund.io.
(Please download the full white paper for the entire scope of Sun Fund’s blockchain, Internet-of-Things solution for growing the renewable energy sector, displacing fossil fuels and fighting climate change.)
From Page 5 of Sun Fund’s White Paper:
Sun Fund is tokenizing the renewable energy sector with an asset-backed digital currency and supporting blockchain infrastructure technology.
The purpose of this whitepaper is to define the characteristics of the Sun Fund currency and technology platform that will achieve this vision and show how this coin will emerge as a preferred digital currency.
Sun Fund consists of three interlocking systems:
- An asset-backed digital token creates a currency with real value from revenue-generating renewable energy assets.
- The Producer-to-Investor Platform (PIP) application will provide a decentralized Peer-to-Peer platform to disintermediate the investment process and connect investors with projects of all sizes on a global basis.
- The Inbound data hardware Internet of Things (IoT) Oracle functionality connects solar inverters to the Sun Fund Blockchain using data channels.
Unlike other blockchain projects in the electricity and renewable energy sectors, Sun Fund is focused on building an asset-backed token to connect investors directly with renewable energy producers. Sun Fund’s decentralized applications will allow investors and producers to interact on a peer-to-peer basis, eliminating the friction of the current system and opening up investment to renewable energy projects of all sizes globally.
In Phase I, Sun Fund is creating the first token that is backed by revenue generating renewable energy assets and is also SEC compliant. Because it is asset-backed, the token will become established as a digital currency that serves as a true store of value. Sun Fund will manage the assets that back the token so that the value of the token will grow over time by reinvesting revenue generated from the assets.
Sun Fund will also be able to continue adding additional tokens as additional assets are added.
In Phase II, Sun Fund will roll out its Producer-to-Investor Platform (PIP) that will connect investors with renewable energy project producers. The Sun Fund token will serve as a medium of exchange on this platform. Sun Fund will begin with solar and then expand to other renewable technologies such as wind, hydro and battery storage. Both new and existing renewable energy production facilities can be added to the PIP, providing a market potential in the trillions of dollars.
In Phase III, Sun Fund will build an inbound blockchain hardware oracle platform that connects inverters on an IoT platform with the Sun Fund blockchain. Investors will be able to receive reliable, real time data about investment performance which will help investors access the data they need to make better investment decisions. Solar power producers will also be able to develop performance records that are documented on the Sun Fund blockchain, facilitating the P2P investment process.
By this time, blockchain technologies will have improved to the point where the Sun Fund token can be used globally with minimal transaction costs and instantaneous transaction speeds. Once the initial three phases are completed, the Sun Fund token will have garnered sufficient trust and adoption to become a true universally accepted digital currency.
Please download the full white paper for the entire scope of Sun Fund’s blockchain, Internet-of-Things solution for growing the renewable energy sector, displacing fossil fuels and fighting climate change.