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Blockchain weekly digest

Blockchain: Last Week Updates. #SDdigest

26.11.2018 — 0

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Find out the latest updates and trends in the world of digital assets through our #SDdigest.

  • South Korea’s largest power utility company has announced that it is pursuing a plan to develop a blockchain-based microgrid dubbed the ‘Future Micro Grid’. It will create an ‘open energy community’ that will bring together elements of existing microgrid technology with a blockchain implementation.
  • Nippon Yusen K.K., Japan’s largest shipping line by sales, is introducing its own digital currency for crew members. The shipper is developing its own digital cash, pegged to the U.S. dollar to avoid wild swings in value.

    The goal is to make it easier for seafaring workers to manage, send and convert money into their local currencies.

    Shipping, company

  • The Malaysian Ministry of Education is turning to blockchain technology to combat degree fraud in order to maintain the integrity and reputation of universities in the Southeast Asian country. This has seen the ministry unveil an issuance and verification system for university degrees based on the NEM blockchain. Malaysia’s Ministry of Education said:

    Realizing the need to safeguard the reputation and integrity of Malaysian universities, the Ministry of Education has taken a decisive action to prevent such degree fraud which also cheats and unfairly disadvantages genuine students.

  • IBM and Columbia University announced the introduction of two new blockchain startup accelerators as critical components of their center for research, education, and innovation in blockchain technology and data transparency. The joint venture will provide 20 entrepreneurs and blockchain network founders worldwide with access to the assets, knowledge, and support they need to build sustainable blockchain businesses and enterprise-grade blockchain networks.
  • French Prudential Supervision and Resolution Authority (ACPR) has granted permission for tobacco shops in the country to sell bitcoin from January 1, 2019. Commenting on the choice of tobacco shops as a vehicle for selling bitcoin, Adil Zakhar, one to tobacco shops director for strategy and development, said:

    Tobacco shop owners are the best channel as they are trusted by customers and they are used to sell vouchers such as credit for mobile phones.

    Tobacco, shop

  • The University of Tokyo opens up a blockchain course called “Blockсhain Innovation Donation Course” at its graduate engineering school, thanks to an $800,000 donation from a consortium that includes the Ethereum Foundation and Japanese banking juggernaut Sumitomo Mitsui.
  • Blockchain weekly digest

    Blockchain: Last Week Updates. #SDdigest

    19.11.2018 — 0

    01sd-960x686.png

    Find out the latest updates and trends in the world of digital assets through our #SDdigest.

  • The Managing Director and Chairperson of the International Monetary Fund (IMF), Christine Lagarde, has called on central banks around the world to consider issuing digital currencies. Lagarde said:
  • The advantage is clear. Your payment would be immediate, safe, cheap and potentially semi-anonymous… And central banks would retain a sure footing in payments.

  • Second-largest US bank wins patent for crypto storage system. Bank of America continues to lead the way in the acquisition and filing of blockchain technology patents, and, lately having secured its latest patent in the blockchain and crypto space, one for “tamper-responsive” remote storage of private keys. Now Bank of America can store deposits for big companies.bank, finance, USA
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    Solar DAO Has Enough Power To Redesign The Grid With New Partner

    31.08.2018 — 0

    Solar DAO, the world’s first digital, autonomous, closed-end, utility-scale PV project investment fund, has declared the partnership with the Powerchain project – a decentralized platform for energy storage that allows everyone to store electricity, transfer it within the network, or trade it. The companies intend to popularize using alternative energy sources and change the conventional and inefficient energy management system by using innovative technologies together.

    big_logo-2

    The main advantage of the companies’ cooperation will become the adoption of energy storage systems to stabilize power consumption during peak loads. It also allows to regulate alternative sources generation, that is a great avail for the Solar DAO members. Now the bad weather will not affect consumers. The Solar DAO team sees the great potential in energy storage systems and the crucial importance of their development. These systems must greatly change the electricity market in the next 4-8 years.

    Powerchain offers for installation an innovative kinetic energy storage, developed by its partner company, Kinetic. The accumulator allows to balance up to 90% of the capacity of platforms participants. The system is also able to:

    1. Remember the indicators of actually produced energy,
    2. Compare them with calculated data in kW/h,
    3. Draw a conclusion about the level of energy storage and its optimal distribution between storage devices and consumers to minimize transport losses and costs for generation.

    Solar DAO plans to closely integrate with the platform. Perhaps its projects will work on the Powerchain platform or the company will make its own platform, that will interact with the Powerchain.

    According to GOTOSOLAR, a Solar DAO project operator and owner, the strong partnership among the Solar DAO and the Powerchain should increase demand for SDAO tokens and give them significant functionality. It will probably be possible to distribute part of the Powerchain tokens (POWECs) to the SDAO tokenholders.

    shutterstock_425600089122

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    🚀 Solar DAO: Annual Report

    25.07.2018 — 0

    The key events and goals covering the period from July 2017 to July 2018.

    Thank You!

    Dear Solar DAO Community,

    We are totally proud of working with such smart and supportive people like you. We always like to share the news with our participants and, sure, take the constructive criticism. Our project was made to find like-minded friends willing to change the way that renewable energy is going. So we want to thank everyone for the participation and understanding, it is really important to provide solar energy with any contribution you can make. Our mission is to find the most beneficial PV solar projects and implement them, your mission is much more global. Thank you!

    Solar DAO

    The idea of ​​Solar DAO was born in 2011.

    That time I was working in the investment company “RusEnergoInvest”. Together with “LG CNS” we were implementing large photovoltaic solar projects. Suddenly, I came to understanding that when large investors, companies, and funds can invest in the solar plants’ construction, retail investors, I mean, the ordinary people who are not accredited as investors — cannot afford to participate in such solar business.

    Of course, any person can build a small power system for his house. But what if you don’t have a private house, you know that household solar farm has a pretty low yield, and your government is not so RES supportive?

    Unfortunately, I didn’t know about the Blockchain technology in 2011, and there was no any Ethereum. Even its origin. 🙂

    In the autumn of 2016, I became interested in crypto technologies. I had started self-education and learned almost everything about it: its work principles, types, and so on. I also met with the first blockchain developers. Next, I understood that this technology can be used for my long-standing idea of ​​giving anyone the ability to participate in the solar industry growth.

    White Paper 1.0

    The whole winter of 2016 was devoted to the idea development and White Paper writing. Already in the spring (2017), we finished the first concepts, which have been tested and discussed with colleagues from The Token Fund, Emercoin, and some other projects. In April 2016 White Paper was completed, and in the summer it was shown to the first early participants. We planned to launch the ICO.

    The WP creation was greatly influenced by such projects as TAAS, The Token Fund & Satoshi Pie.

    PRE-ICO

    The presale was scheduled for the period from July 27 to August 31, 2017, and we finally decided to continue it till the September 9. After the presale, we made several attempts to have loud marketing to win something for our project, I mean, marketing tests, but everything worked out to zero. Thus, we have the experience for future marketing strategy: saving funds is better than boosting silly campaigns.

    No ICO

    We have been preparing for the ICO for a long time. We tried to find a way to structure the company in order to conduct a legal ICO, well, or at least approximately legal. None of the ways was suitable for us. It took a lot of time to work with more than 10 different law companies trying to find the Eldorado.

    We want to pay special thanks to the following Lawyers and Companies helping us to solve the issue:

    *1. White Stone Digital: https://www.linkedin.com/company/white-stone-digital-inc./
    2. CoinOffering: https://coinoffering.github.io
    3. Hassans: http://www.gibraltarlaw.com
    4. GSL Law&Consulting: http://gsl.org
    5. Ormco: http://www.ormcogroup.com
    6. https://prifinance.com
    7. *https://www.eternitylaw.com

    During this time, we were also trying to change the concept of Solar DAO to fit the conditions. Finally, we found the best option and stayed in the idea.

    Solar DAO’s ICO was scheduled for October-November 2017. We moved it to the winter of 2018 because were busy on the legal structuring. After all, it was completely canceled. There are 1’172’767 SDAO released and no more tokens will be issued. We chose 2 crypto-exchanges for listing our tokens in order to make it usable and not so expensive (some of the exchanges take the listing fee up to the 40 BTC).

    The Current Course

    The main efforts of our team are strongly focused on the PV projects selection and implementation. Solar DAO will be a central part of the future Fund: a real legal structure for the serious solar project as it should be. And will be so.

    We are glad that could finally connect crypto-opportunities with real legislation.

    Dmitriy Solodukha — CEO and Founder of Solar DAO.

    Key Milestones: 2017 — July 2018

    • July 27 — September 9. Pre-ICO;
    • September — April. Legal structuring;
    • September — Now. Project selection and implementation;
    • October 15. SDAO marketplace release;
    • December. First tokenholders’ voting. Listing on the exchanges (YoBit, IDEX);
    • January. Road Show;
    • February. ICO canceling, new course taking, AMA session;
    • March. KYC procedure starting;
    • March-April. Start of preliminary work and implementation of Kazakhstan and Portugal projects;
    • May-July. Kazakhstan tender preparations and participation, Portugal grid connection point getting.

    Achievements

    In this short period of time, our team has gained a lot of experience and success. The main important goal is the legal structuring finalization. Comparing more than 50 different ways to be incorporated, we stopped at the most convenient one, in our view.

    Thus, Solar DAO now has the following legal info:

    Business name: GOTOSOLAR OÜ
    Address: Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K490, 10119

    The company is already registered and now we are working on opening a bank account. At the same time, we prepare documents for obtaining the needful licenses. We expect it will take 2–3 months to receive licenses. Based on the results of this work, we plan to:

    • Coordinate KYC / AML procedures with the Bank;
    • Get the licenses allowing us to exchange cryptocurrency and storage it;
    • Conduct test operations with the Bank’s concern;

    Road Show

    The Solar DAO project participated at the Roadshow made by the Monaco Growth Forum in January 2018. Solar DAO has been represented to over 200 investors (Family Offices, Private Investors, and Funds) in 5 major financial centers of Europe (London, Zurich, Geneva, Lugano, Milano). We got positive feedback and began to work with the people we met.

    “Plant a tree” Solar DAO’ Contest

    Community Rocks!

    Within the first year, Solar DAO has doubled its Community several times. We have more than 2’000 members on our Facebook page, more and more friends are joining us every day. As our last poll shows, Solar DAO Community is a really strong group of people connected by our positive mission to change the future and help renewable energy growth. We care that you are not bored in staying with us, while are waiting for new Solar DAO records in fresh reports :), so we come up with different contests and events. We seriously intend to hold an offline Solar DAO event this year!

    Our special thanks are to our contests participants. With your help, we now have a future logo, lots of memes, and even live trees! That’s the best attitude to participate actively.

    Surprise. We want to share a small present with our dear Community. 
    Here is the Solar DAO Telegram Sticker-pack. https://t.me/addstickers/SolarDAO. Take it, it’s free. 🙂 Hope it will be useful in your conversation about the environment. Thank you for the participation and support, friends.

    Better Not to Hurry

    We understand that Solar DAO can seem to be much slower in comparison with other blockchain projects. We are also very pleased that our community understands the real state of things and supports us in our way to build solar plants, taking into account all possible risks, and doing it carefully.

    I. In order to save the funds, we previously decided not to buy a solar plant in operation to test dividends payment. The cost of a PVS in operation with under 30 kW is comparable to the cost of building a PVS 1 MW (1000 kW), and their average return (ROI) is about 7% per year. For the sake of our participant’s benefit, we are to construct the solar power plants from scratch.

    II. So, no test distribution of dividends was made a month after the end of the Pre-ICO. According to preliminary estimates, it would have been about 0.225% of the participation amount. Plus we need to take into account all of the transfer fees.

    III. One can also complain about our first Kazakhstan results. Solar DAO team made a huge work in the unreal short way and found a partner to provide the $300’000 financial guarantee in order to participate in tariff bidding. Unfortunately, the final suggested tariff was not suitable for our needs. That’s why we preferred to attend the next Tender in Kazakhstan with 12,5 times bigger quota (250 MW) which will take place in October 2018.

    **Bonus: **We have already started to select additional profitable opportunities for construction in Bulgaria, Asia, and the Middle East.

    Marketing Report

    As we have previously said, Solar DAO doesn’t support the usual way blockchain projects make their marketing. We are aimed to make it classic: provide people with useful content, find suitable partners, doing PR. Each of you can take a part in this campaign by following and reposting.

    Nevertheless, we have boosted our marketing last month. During the August we want to refresh the information about our project on Crypto-Relevant platforms and websites.

    Here is an example** data of our Facebook page statistics**, which will be just the only start of our marketing (July 2017 — July 2018):
    256 Posts, 5’247 Likes, 1’938 Shares, 2’108 Fans.

    Twitter & Facebook engagement growth for the last 3 months

    Facebook subscribers growth for the last 2 months

    **Besides, we’ve achieved **2’300 views to our Youtube announcement video

    Offline Events

    During this year, our team took its time to attend a few ecxhibitions, and also to conduct an educational meetup.

    Dmitriy Solodukha, CEO of Solar DAO, attending the INTERSOLAR exhibition

    Aleksander Melekhavets lecturing about the Solar Energy for Imaguru

    We plan to attract more people to join our project and to reach the mark of 3000 members by the end of 2018. Solar DAO will not pump the token price, as our tokenholders are the long-term participants, and we sure that it will be more stable and higher after the audience growth.

    In the next 3 month, our marketing plans are:

    • Expand the audience in social media;
    • Make more contests and online-events for the Community;
    • Start to be published in magazines and media, including crypto-oriented ones. (Probably 2–3 times a month);
    • Partner with other projects to benefit one another’s;
    • Conduct an offline event;
    • Renew the reporting policy, give more information about our team’s work;
    • Attend the solar shows to reach useful contacts;

    We are always open for suggestions, as we’re doing our best for the Community. If any questions, ask the team via the official Solar DAO Telegram Chat.

    No Conclusion But work

    Thanks for your time, more news will be available soon. Don’t forget to share the information about Solar DAO with your friends and subscribe to our newsletter.

    Regards,

    Solar DAO Team

    *Solar DAO — a tokenized fund designed for everyone to easily participate in PV solar plants construction across the globe. SDAO tokens on: *YoBit

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    Make an ICO they said. It will be cool they said

    07.02.2018 — 0

    2017 is a year for a new investing way of startup projects called ICO. Initial Coin Offering is a way to attract investors’ funds at an early stage (even at absolutely zero stage) of the project.

    The main difference of this method, which caused real excitement, is simplicity. With the help of a cryptocurrency, anyone could invest in a startup which inspires faith. In other words, ICO has collected the positive features of classic IPO and crowdfunding.

    No one doubts the popularity of this way for raising funds. According to Coinschedule, more than 230 ICO campaigns were conducted in 2017, with a total investment of almost $4 billion. Infrastructure innovations and financial products are the most popular project’s categories, but young startups pursue a wide variety of goals
    In the past year, such original coins as JesusCoin, KekCoin, TrumpCoin (also PutinCoin does exist too :D), Useless Ethereum Token, GarlicCoin, UFOCoin appeared on the cryptocurrency market.

    We must mention a digital coin DOGE, which was created on the popularity wave of Doge****Meme with a cute dog breed Shiba Inu. Do you know why we mentioned it in particular? Because its capitalization exceeded $232 million.

    A really cool meme, isn’t?

    The pace of new projects’ development and appearance is increasing. 
    90% of all conducted ICO was in 2017, and according to experts, this year will show greater results.

    https://www.youtube.com/watch?v=IUurcYAJ4Tc

    What will SEC say?

    Along with the new projects number growth, cryptocurrency will face significant changes. Yes, we are talking about the regulation. During 2017, financial and supervisory authorities kept an eye on new ICO-projects and tried to create a legislative base for its control. For example, China even banned initial coin offerings on their territory.

    SEC (Security and Exchange Commission) — a regulatory body of the United States, created to protect investors in the securities market. The main task is to prevent crimes and any fraudulent actions connected to financial manipulations. Despite the fact that SEC regulates the securities circulation within the USA, its decisions affect to almost all crypto projects.

    In a recent statement, Jay Clayton (the head of SEC) said that he had not seen an ICO, which was not a sale of shares in its main idea. In other words, Clayton expressed a wary attitude to projects, attracting such investment.

    SEC vs ICO

    As we have already said, the main goal of SEC is to ensure investing transparency and to protect investors from fraudsters. One of the ways to recognize an ICO project as dangerous for an investor is a** low score in the Howie test**. This test was specially developed in US judicial practice to determine whether the object is a security.
    According to the Howie test, any token will be a security if it comes to:
    Investment of funds,
    Receiving profit,
    Shares of an enterprise,
    Profits exclusively from the seller or third parties work.

    Unlucky with SEC decision:

    • ReCoin. The first case in history, initiated against the ICO project. The Securities Commission accused Maxim Zaslavskiy, head of the ReCoin Group Foundation project of** fraud and violation of the rules for registering** securities. Recoin was a digital asset, secured by real estate. The project team intends to challenge Regulator’s decision.
    • The DAO. One of the most famous ICO — the DAO project also attracted Commission’s attention. In July 2017, SEC recognized DAO tokens as securities, with all ordinary consequences.
    • PlexCoin. Gathered over $15 million in crowdfunding, the PlexCoin project was also defeated in a fight with SEC. On December 1, SEC quickly froze project’s assets due to the failure of the registration requirements. The project promised high profitability to its investors, who made a contribution to the development of a new promising decentralized cryptocurrency.
    • Munchee. One of the most promising projects. Its token was usable already at the fundraising stage. Munchee project was forced to stop its activities and return funds to investors, after the recognition of its ICO as a securities deal.
    • AriseBank. Recently, SEC has filed charges against a banking organization that conducted its ICO. AriseBank was accused of fraud and sale of unregistered securities. The team is sure in rightness and plans to fight for the right to sell its own token.

    What’s the answer?

    Of course, the best and most favorable development for any project is the choice in favor of taking into account regulators’ views.

    Solar DAO constantly monitors the opinions of commissions and government, considering it. We do the best to ensure that our project meets the requirements and is convenient for our participants. Thank you for participating!

    Solar DAO — a tokenized fund designed for everyone to easily participate in PV solar plants construction across the globe. SDAO tokens on: YoBit.

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    Efficient energy storage and future PVS by Solar DAO

    23.01.2018 — 0

    The solar power station is a specially equipped system for converting sunlight into electricity, which is powered by solar modules. At the moment, Solar Energy is one of the fastest growing types of renewable energy.

    Solar DAO — a tokenized fund designed for everyone to easily participate in PV solar plants construction across the globe. SDAO tokens on: YoBit, BitafexIdex.

    Solar module + inverter = electricity

    The main problem of any renewable energy source is the irregular generation of electricity. Compared with the usual non-renewable sources, peaks of generation and consumption of electricity by users do not match each other. So, wind station works only at a wind, and the maximum power output of PVS is reached in daytime and sunny weather. 
    Using power storage can solve this problem.
    It is important to note that efficient storage is not only storage devices (batteries), but also technical solution, controllers and software.

    The main types of drives used are:

    • Acid batteries. Huge in size devices with a short life period and significant losses in conversion and charging.
    • Lithium batteries. A fairly effective option, but still has a huge cost and danger due to heating.
    • Mechanical storage. Work on the principle of raising and lowering the load. Used rarely because of the huge energy loss.
    • Hydrokinetic storage. Electricity is sent to pumps that move water, and then accumulated water potential is used to operate the turbines. The main disatvantage — huge size of buildings.
    • Hydrogen storage. Hydrogen is produced by electrolysis. After it can be converted back to the electricity and heat. The high cost, explosiveness and fire hazard don’t allow this method to spread.

    Hybrid solutions are also used, which also have their pros and cons.

    The main problem of experienced industrial storages — high cost and low capacity, there is practically no technology that is economically profitable. Existing batteries are too expensive and have low efficiency. It means that batteries are more expensive than the PVS themselves.

    Last year, SDG&E showed the world’s largest lithium-ion battery energy storage facility. 30 MW energy storage is capable of storing up to 120 MW hours of energy.

    $1 billion solar farm for Riverland is expected to be build in 2018. Riverland Solar Storage’s 330MW solar generation and 100MW battery storage system will be the biggest one for Australia.

    And what about Tesla?

    For reference: Nowadays Tesla provides two types of power storage systems — Powerwall and Powerpack. The first can be used in residential and small office space, the second — to work in enterprises, cost $ 250 per 1 kW.

    Solar DAO and the best solution

    The Solar DAO team has been engaged in research and choosing the most profitable engineering solutions for many years. We also come very carefully to the issue of power storage.

    Together with partners, we plan to construct a project with a capacity of about 40 MW in Turkey.

    Our partners will help to build the PVS by selecting the appropriate kinetic storages and providing the appropriate support:

    • Nord Systems. Providing development potential, specialized software and information display systems.
    • Atlant Energy. Innovative equipment, kinetic energy storage.
    • Natpromlizing. Financing projects, supporting modernization.
    • Sberenergodevelopment. Full support of the project, selection of technical solutions, financing, assistance in implementation.

    After the first successful project in Turkey we plan to do several pilot projects in India and expand this experience to Israel, Germany, Malta, Cyprus.


    Stay with the Solar DAO and become part of the green future!

    If you enjoyed this story, please click the 👏 button and share to help others find it! Feel free to leave a comment below.

    Solar DAO — a tokenized fund designed for everyone to easily participate in PV solar plants construction across the globe. SDAO tokens on: YoBit, BitafexIdex.

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    SOFIN.io Partner, glad to introduce

    17.01.2018 — 0

    Our project continues to develop rapidly and we are pleased for mutually beneficial cooperation with innovative projects. Let’s take a look.

    Sofin.io is an international fiat platform for P2P loans based on blockchain.

    The team consisting of professionals has been working in its field since 2011. They already have successful and working financial projects on their account.

    Mechanism of SOFIN.io work:

    Any Creditor can issue a loan under any conditions. Any Borrower may request a loan under any conditions. Therefore, market competition dictates fair conditions for the global economy, without international borders and barriers.

    For more details visit project’s website and read WP.

    What is Solar DAO & SOFIN.io partnership?

    As you know, our team will begin construction of the first PVS soon. Cooperation with Sofin.io will help us not only to gain additional experience, but also to attract loan financing for projects.

    Useful cooperation = successful Development

    Stay with the Solar DAO and become part of the green future!

    If you enjoyed this story, please click the 👏 button and share to help others find it! Feel free to leave a comment below.

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    SDAO Tokens on Bitafex.com

    27.12.2017 — 0

    We are glad to present: the third exchange with our tokens: BITAFEX.
    Links to the cabinet:

    Bitafex.com is a well known crypto-exchange that supports trading SDAO with all popular pairs: BTC, ETH, LTC, DOGE.

    You can also use FlashTrade:

    You can check the interface of the market and ask us if you need any help using this service.


    We remind you that Solar DAO will continue to place tokens on other decentralized exchanges. Tokensale will start on February 28, 2018 and will not be limited in time.

    To know all the latest announcements, subscribe to our chat in Telegram****and also to the **official newsletter — **https://solardao.me/

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    SDAO Tokens on YOBIT

    20.12.2017 — 0

    We are glad to present: another exchange with our tokens: YOBIT.
    **Link to the cabinet: **https://yobit.net/en/trade/SDAO/BTC

    YoBit.net is a well known crypto-exchange that supports the exchange of SDAO to Bitcoin (and contrariwise). 
    Yobit.net is a trading platform for a wide range of cryptocurrencies similar to Bitcoin. Account at Yobit.net website is completely legal and cryptocurrency trade is allowed by legislation of nearly all the countries worldwide.

    You can check the interface of the market and ask us if you need any help using this service.


    We remind you that Solar DAO will continue to place tokens on other decentralized exchanges. Tokensale will start on February 28, 2018 and will not be limited in time.

    To know all the latest announcements, subscribe to our chat in Telegram****and also to the **official newsletter — **https://solardao.me/