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8th Edition Global Blockchain Congress
November 7, 2021, Dubai, United Arab Emirates
8th Edition Global Blockchain Congress
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Proof of Renewable: The Carbon Negative Protocol for the Future.
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About the talk


About speakers

Adel Elmessiry
President/CTO & Co-Founder at ALPHAFIN
Tom Davis
Chief Renewable Officer at Renewable Energy Alliance
Robert Abenante
Managing Director at IONiX Pro

Adel is a technologist and a serial entrepreneur with two successful technology companies taken from inception to acquisition. He has proven executive experience with a solid track record in startups and public companies including HealthStream, WebDBTech, InVivoLink, HealthTrust, and UtilizeHealth. He also actively participates in a few blockchain, AI, and healthcare startups including legal alignment, Accelerate Insite, and under the radar: GarmentChain, HealthReasoning. Academically, he holds a Ph.D. in Artificial Intelligence, Machine Learning Natural Language Processing, with a dozen published papers and an award-winning blockchain paper from The World Academy of Science Engineering and Technology. He regularly moderates panels and speaks at relevant events. Adel enjoys working on blockchain token economics, protocol design, and platform architecture with a focus on applied AI. When not playing mad scientist or mining ethereum, he is out biking with his son or deep ocean diving.

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Tom Davis is a visionary entrepreneur, CEO, and leadership expert to Fortune 500 companies and non-profit organizations around the globe. He has worked in 40 countries and trained leaders from 80 nations. Skilled in Nonprofit Organizations, Executive level coaching, Entrepreneurship, Volunteer Management, and Team Building. Strong business development professional with a Research Doctorate focused in Global Leadership Development. He is the Chief Renewable Officer of the Renewable Energy Alliance whose mission is to strategically bring people and organizations together to create a 100% renewable energy future to regenerate the world.

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Entrepreneur and investor in various industries with a focus on green energy, green-tech, agricultural-tech, health sciences and commodities. Has held several senior executive roles with various renewable energy, mining and clean-tech companies in Canada, US, Australia, Africa, Europe and Asia. Frequent lecturer at Simon Fraser University. Has taught third year Management Accounting, Entrepreneurship, and Venture Finance as well as Executive MBA Accounting courses. Education background in finance and accounting and held senior financial advisory roles at Deloitte & Touche LLP and Senior Auditor at PricewaterhouseCoopers LLP. Worked with various groups internationally to promote Green Energy, including the National Hydro Association and the American Council on Renewable Energy. Has been on expert panels for various financial groups, such as Euromoney and has written numerous reports on Renewable Energy, of which many have been published. Founded the Eco Foundation which focuses on assisting environmentally friendly but economic companies through the start up phase of their development. Holds BBA, Masters Degree, CPA and CA.

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What what's the weather today? Whatever you want. Okay, actually assigned princess. I think, okay. Alright. Thanks so much. Good morning. If I got the coffee. Thanks for the response. All right. So today we're this morning. We're going to dig into a couple really interesting topics that we've had a lot of questions on since we will give our presentation yesterday. So we're really focusing on the whole idea of proof of renewable. Exactly. What is it? How

does it work? We're going to be talking about something very unique called nft bonds, which is a new use of fnf keys in the space. But to kick us off. In this, we have our special guest from the Bay Area. Dr. Jaime. Cantone. Who's coming up here. Dr. Jaime welcome. Everybody. All right. You can hear us, welcome. We're glad you're able to join and just thought you could as a as a global futurist in the blockchain space. Can you kick ass off with this whole whole concept of? Where do you see? I want you two to take us to the Future and tell us where you see the space heading,

where is crypto going, especially as it relates to this whole idea of Renewables. Well, I think this is a historic meeting in Dubai. I'm very pleased. Thank you for inviting me. I'm excited. Because really, where at the edge of the new future for crypto. I think we're headed into a moment here. That is more exciting than the value of monetary value crypto, but more important about the utility value and the value of crypto to be a accelerator, when I called the crypto Prosperity dividend for the planet and the ability to be able to enhance the

prosperity of not just one nation. Not just one Community, not just one city, but worldwide, we have an opportunity to create is Nakamoto talked about in her or her paper, you know, a peer-to-peer decentralized. Economic system that would really invigorate a prosperous global economy. So, on the other side of globalization, I really believe that there's room now for purposeful crypto and the defy economy. What I mean by that is the future crypto really is going to be putting the tools and Platforms

in the web 3.0 solution into people's hands, where whether they're in a village in Africa, or there a city in in Milan or 4 to 5, to be able to be able to communicate and create prosperous, a wealth of opportunities, to enhance the quality of life of people throughout the world. And I think that defy this defy platform and redistributed or cannabis regulations. We were talking about the birth of not just the next evolution of the internet, but we're talking about an empowering platform.

To address the challenges of a sustainable planet and you know, it's it's interesting. But up until this point there really a fusion of crypto Solutions, whether their energy, use your course in a way that would bring new cost effective and Innovative social empowerment solutions to raise. This is crypto dividend, you give it back and pay it back around the world. So I think we're at a question point for the first time ever, where we can really use scripto in the right way globally

to be able to generate mine transact collaborate, and I think light up the future for all the peoples on the planet and give us, you know, help us both, decarbonize the economy, but also create more jobs and Income-producing. Deep-fried, income-producing. Prosperity, economics. I feel like this is worth the edge of a new economic Bop. German your response to that. I love it. I think like when I'm hitting a lot, so kind to him talking about a new shift and then you put a time that we are about to see. Is it always strikes me kind of, like I come from this part of the world

and the greetings that we always have is literally translated as peace. But when you think about why we don't have World Peace, why we don't have all of this stuff. It's really boils down to the prosperity. Doesn't happen overnight because it is peace, happens because we work hard to create opportunities for people around the globe so that they can be included not excluded from the economy from ways to provide for their families for ways to have a brighter future. And fortunately, meaning of the solutions that

are out. There are always focus on the now. And forget about everything else so and you can not really blame people for can not trying to do the best. You can see, but I think as a community, as a global Community, we have an opportunity to really look at changing it. For all of us to me. Blockchain is a way by which you can not only think about it being a network, but it represents assets. Those assets on the system are not monitoring only but they can be extended to things that you own like the previous panel

talked about any fees or energy. Think about energy as an asset and now think about watching, instead of it being a network, burning energy for just creating value, into a network of energy that has value building, that's unlocked or future that achieves, peace and prosperity across the globe. That's what I would be most interested in. That's what gets me off every day. Can you cancel a fat? Sorry? Stoke Robin on the heels of what. Dr. Otto is saying. So this is this has been your your passion as you said yesterday for many years even even as a kid and so how do you see like the whole the

total energy component of renewable energy? What are the factors leading to its success in the blockchain and mass adoption? One of the things I want to touch you on. What dr. I was going to do. What I think is the key here. You would actually mentioned it at the beginning of your your speech yesterday and it is the whole point of energy in terms of sustainability and peace in terms of sustainability. And what is it? That we're trying to achieve here, right? What, what is it that Drew me to, in a renewable energy, in the first place. It's a sustainable energy

source is something that makes sense for our future and that's what drives me. So, what drove, you know, I'm in renewable business. I'm in the Battery Technology business. What drew me to the Robbie protocol was the Fact that there is a greater Mission here. There is a greater. This is not just a technology. There's something bigger at play here. The technology is fantastic. And it has being available to us. But how are we using it? So in terms of, you know, using crypto crypto, defy blockchain, This mission that were on right now is to use this technology.

For example, in developing nations, developing nations have an issue with two things. First, the economic inequality and second their ability to even have energy, let alone sustainable energy. So what is dry me to this project? The most is that with one technology we are now in needling, developing countries to participate in the global economy by having them have an opportunity to create work earn income. While at the very same time, generate renewable energy, giving them that freedom or that Independence to have

energy and not be reliant on the grid to participate in the economy. Not be reliant on government and banking system. That's what inspires me the most about this project and that's how I feel you all that the energy and the technology fits into what we're doing. Yeah, that's fascinating. I want to I want to go there here in a minute to ask a question of if I'm in one of those developing countries. How do I benefit from this? But I think to set the stage and Doctor Jim, you can pitch in any time even though your virtual, I think we need to talk about the whole idea of proof of renewable.

So how exactly does it work. I got a lot of questions about this yesterday. This is a very new and Innovative way to look at a few Concepts. Oh, doctorado, maybe you could jump in and tell us how does proof of renewable work? I know you explained it in the diagrams yesterday, but maybe you could help dig into the details of a little bit more about from a technology standpoint. How does it work? Why is it so important? And and how do people benefit from it? That's a quintessential questions. What we are trying to do here. So all great ideas

start from a very simple concept even Bitcoin even blocking. So when you think about how watching was possible like three, the first implementations of it, when you boil down, what does really blockchain mean? It means exactly. How does mean a team of blocks? Okay. Well, you can have a few blocks randomly set up Liam, what links them together, the cache of the first block with the Glock you had should, you could eat one. Immutable, cool with representing it and then you include that in the next block and by doing. So now that has

representing the first one is part of the second if you has that second block and see if they put it into the next one. Now you've linked to all of those. If you change one letter in the first, All subsequent blocks are busted. The simple seemingly idea is the means by which all blockchain projects that you see their Bitcoin ATM. All of those are built on the same fundamental principle here for the proof of what we have looked at it. Instead of trying to prove that

you actually did a certain amount of calculations and arrived and correct block in the air or speak and can prove that you have a certain amount of lost value Indian. We need to think about it, through the lens of energy. If you are thinking through with about that, then the first step is to verify anybody that your energy is actually renewable. What does that mean? It means that it has been produced renewable and consumed. Why do we have You have both sides of the equation, because if you just

hook up a solar panel in the middle of the desert energy, the sun is doing perennial energy, but it's not useful. It does not lead to anything that energy must not only be harnessed and stored. It must be harnessed to the news. So by combining both of them, their production and the use of the consumption together, then adding a little bit of flavor of cryptography, meaning that the device has a code on it, think of it as a MAC address or a unique identifier, like

your phone number. That proves that this was produced as this device and also was consumed from this device. Now, you put the two pieces together, allowing you to prove Beyond a doubt that yes. I have food, Use the energy and I have consumed that energy in the certified. It turns it from simple concept into now and acid, and once you've created a tacit, now, you can move to other things. Like, how do you speak it? How do you get two words for doing so? Without that bees in their system wouldn't work. That's what people from

you, ugly, soul about this combining the two sides of the equation together so that we can have for the very first time energy as an ethics. And also in that in the component of that there is this this reward system, this this mining pool, so maybe maybe But when we start with you, I know this is Otto's expertise cuz he'll jump in. But just from your perspective with Ionix, and looking at how this this is going to function in your equipment. There's also a unique concept here that that keeps

the idea of of the protocol moving forward, but also provides a benefit where others can continue to produce, renewable energy, like yourself. Could you give us a little insight into that and then Auto will give us the details. I'll definitely leave the technical aspects to doctor, I do. But from a device perspective, you know, what, we've done it. We've always been creating these energy storage systems. They called backup battery systems, and for renewable energy to work for a renewable energy to be Dependable. You need to store it. So it's there and readily

available on demand and we already create those systems, but the wonderful thing of being involved with the robbery protocol. By adding this technology by adding cryptography to this and blockchain to this what you're able to do is add incentivisation and reward. So in other words, you know, they're already is a great reason for having it renewable energy and backup storage, which is got all the benefits there and be your storing. It feels really available by adding this technology. Now a

you're able to introduce earning potential for developing countries that weren't able to have that in the first place and to your now able to intent like you can confirm the generation and the consumption which is required for the protocol. So it literally is a match made in heaven for these two technologies to come together. And it's been a pleasure to be part of it. That's a lot to describe this no more because some of the questions I know people are out there asking. Okay, I one of mine, the protocol right? I want a mine

it. So, what does that look like? And then Jamie, I'd like you to jump in after that talk a little bit about like what what kind of an impact does that make in the life of people. So I know you've traveled all over the world. If they are in a rule Village in Africa. For example, some developing countries and their mining it. Like, how does that work for them? But if, if I'm out there and and I say, listen, I want to mind the protocol. I'm interested in this tell, tell us how that that would work. Perfect. So, in order for you to mind the protocol first, let's get something. The cat is

out of the way. So everything has certifications for it. You have to have a compliance with certain specs. Those are set up by the renewable energy, Alliance the RTA. So then you have to comply with those to begin with. That means either you have a device that it's going to Sciencewiz do specification and if they are built into the device itself, most likely it is within the storage unit because if you think through it, it's the stage in the middle. It's between the production and consumption. And that's what I like about Robert involvement here, is that those devices can be

produced and mixed life, so much simpler. And in the future of that, I perceive that would be built in every in each device that exists out there. Now be on their kind of similar to what the internet was. The member guys at the weirdest voice that you would go and buy and makes us Slinky noises for you to get on the internet back. Twenty years. Those are older, that's him. Right? So it's exact same thing that we are going to do. You're going to create a device that allows existing Legacy system to benefit from the exact same protocol. Because after all this is an

inclusion. The movement, it's not an exclusive. We don't want to exclude anybody, we want to open it up and make sure that people can retrofit the current systems with this. If they can cryptographically proves that they have complied with fuel or so in short, you either get a device that is compliant from the get-go or you get the ad that allows you to prove that and communicate with the network. Both of them have built-in systems to communicate with the internet wireless or Wi-Fi, allowing you to hook up into

the mining protocol at law. Okay. So, just to be clear when you say an add-on device, because I think a lot of us, think of mining as an external device, right? I go buy this minor and it mines this protocol. Are you saying that an add-on is an external device or what? What exactly is an ad on this, if it fits questions. In order to my, you have to produce and consume renewable energy, right? So, unlike other protocols where you are simply getting a device for the sole purpose of mining, like an asset or adding Jeep used on a PC rig, mining rig

and stuff like that. Where your end result is just doing the twist for work. In our case. You have to have that energy being produced. And that's why when you get an add-on device to put on the network that allows you to plug in your account existing infrastructure or buy one that already exists with the capabilities, do that. In both cases. You are producing. You have to produce and consume renewable energy in order for it to work because a device, by itself does absolute, it has to be hooked to the renewable production and consumption in order for it to

function and qualify you to put the spit into the mining pool. Got you. Okay, so Jamie before it before you jump in. I think since you're talking and in this direction, doctorado Rob now give us some some practicality here. So you you are producing the first device. That is going to have this technology in it, as proof of renewable technology to be able to, to mine the protocol. So tell us a little bit more about the smart minor you unveiled at yesterday. I know that that there's a number of different products that are going to contain the software. So, so, help us with some

real-world understanding of what it looks like. And if I'm out there and I want to purchase one of your smart Miners and how does that process work? And then what is it look like to be able to mine? And then what are the future products of ionic? How do you see this growing in the market? And then give us this idea of where you see the evolution of it going? Absolutely. So, you know, I I'll keep it very, very simple because it's not complex at all. An energy storage system is basically a backup battery source. So what we're talking about here is different sizes of backup battery systems

do for your home. You need a certain size for your office or a Parkade. I'll be seeing you in a bigger size for a charging station getting bigger and for a large renewable energy operation, you know, this has to be measured in megawatts needed even bigger we make those already. And again, these are not overly complicated systems. And of course, we're not the only company that does, it will utilize a patented technology in the battery management system, which is like the brain of the battery. That is what we believe gives us an edge and and and probably the reason why we're working with Robbie

protocol and ultimately, what we're trying to do here is Pioneer this proof of renewable system, but it's not going to be exclusivity, you know, at the end of the day, one of the one of the pages that we take out of a note. MacBook is Tesla was trying to Pioneer a really cool electric vehicle, but they didn't want to be the only company in the world selling electric vehicles. So what they wanted to do here was Pioneer and you do make the best units to start. But the way that the world benefits from this is when all Automotive manufacturers, make electric vehicles. And that's

what we're trying to do here. We're working with the Robbie protocol. With doctor. I do with the great team with the r e a and what we're trying to do is Pioneer that first technology use it in our entire lineup of products. And I hope that this is something that all yes as companies adopt so that everyone all household all offices are. My name is protocol and we're adding this benefit to make it sustainable for the world. Great, it's really great. I love that Vision. So it's for dr. Jaime with what? Dr. All them, and Rob

just described. Like if you're in one of these rural places and you are able to do to get a smart minor, a smaller unit that robs talking about that that is being unveiled. Like what does that do to change? Your your family your community house and of Technology? Attack because you know, the vision is a renewable future for all that sustainable. So in your experience, like what, how do you see this technology really being part of the answers to these two? These very difficult problems that we've had throughout the course of

history. And, and how does it change a real person's life? Ready? Can you hear me? Okay. Yes. Great. So awesome. Thank you for the question. I think. First off my hope is that will crate a Marketplace, a local or Regional and even Global Marketplace for sustainable energy. That is so that means if I'm mining history, the equipment that energy and unable to trade that use that, I'm able to discover posit it. I'm able to earn against it from a defy point of view, all the sudden. I've got access

to a, to a peer to peer group, to group, a village to Village a region. If not around the world where I may be able to go ahead and monetize that energy and use, Four things above and beyond, what we can even consider energy for its crate in the marketplace, a peer-to-peer, a groups group Marketplace, imagine a collaboration Villages of towns of cities of communities that are able to fool their defy generated energy and be able to then trade that with other communities. And in the engage in a cross chain protocol

of Commerce, and in the form of even mobile virtual banking, so it opens up opportunities for this notion of a defy economy. That's based on the the mining the trading, the exchange of energy as a form of what do in this new protocol that were proposing. It was a diner. Kinetic Marketplace that could send somebody's child to college, could create a new business feed a community that could enable Creator to be able to make the next Innovation. And Innovation is critically important because we're talking about in the marketplace, that is elastic

and is is organic but also new Innovations, might come from this that you can layer when you got access to a sustainable energy. It would that with a network effect pulled with others. So I'm very excited about what the possibility, maybe for this purposeful crypto and defy economy. Yeah, it's a great vision and that's a vision of the protocol. I do you say something in words looking like a real career, this, and that our impact Solutions are basically close at the door of like those Villages or stuff like that. And then they are you doing to be better

if you want. So we want to ask you to eat and a solution that is global. What does that mean? Besides the production and consumption of energy? And you as someone who needs, the newest can achieve extra income for you and for your family, what about the role of the 99.9% other people around the globe that will never have a solar panel or anything? What can you do, change starts with the person in the mirror that you are looking at meaning that instead when you go and purchase something with fear, what the Do nothing and gave you what

you wanted. That's it. That's the end of the tunnel section. If you want to go to Safeway the ecliptic and see what happens. You've learned a bunch of energy and nothing else happens. If you mention a world. Now, when you are clowns acting on the Robbie protocol and with every transaction, a contribution from that goes to instant The Voice. Energy production, renewable, energy production and consumption the two together, meaning that your cup of coffee. You're going to charge your phone when you're playing ride your car, everything that you are doing in

your life, every day is creating that incentive by the people for the planet so that we can put this feed so that we all can do that. So that every day more and more incentive is are put there more and more people through a free market dynamics are getting in and participating more in it. That's what's exciting that the Grand Vision of the sixth-ranked have a few more minutes. So closing comments from Robert Auto this unique opportunity for people to become owners of the Robbie protocol cuz that's that's the idea is that

everyone becomes an owner but though the mechanism to do that, as a unique way. Call Dan nft Bond. Auto. Can you describe what that looks like? If someone were to get an f t Bond? What exactly is it and how does it function? So it's basically threatening the investment model upside down, just like, what's happening with the picture behind me yet in international ways that you are trying to invest. For support the project, you are not aligned in your interest with the project. You are basically trying to get an immediate benefits out of

it. That does not really benefit. The project of the long-term vision is basically something that I feel like you just driving but this is not something that's going to be a failed overnight. This is something that you want to bootstrap it the right way. So instead of issuing working out, starting with that, from day one, you want to issue any Stevens. And if Devon is basically a unique piece of digital art, That is uniquely designed. None of them are equivalent. Absolutely. Each one has a city, your presentation on it. That makes it a true.

And if there's no two alike and by when you get an initiative on in the most of the projects, there are no ways for you to benefit from your investment until the Florida, realises its potential out there. So what do you do? When your eyes are dumped it on the market? Or you're sitting there waiting for you forever. But because you are participating in the form of an industry that energy has a secondary market for you, so you could use that they're much easier on him than the other thing that white school, Devon is just like the additional Bonds in the

market. You speed by purchasing one of those in the fifties and the NFC bonds issued, your coupons for you. So that you can redeem those later. And that's just two things for you. One is basically assures, your participation for a longer period in the food is in the protocol. That is trying to be generated allows the necessary time to roll out the hardware required. To get the people producing the energy in the system in my name there, cuz remember it's not about making money immediately. It's about making energy

immediately. That's what we are trying to do. And then the other part of that is that if you're holding that Bond, and you decide to trade it, or send it to somebody else, that someone else will benefit automatically out of those coupons that are. Emitted from the one, that's another Revolution everything there because you don't have to buy one and keep it forever there, but you could put his feet with other investors invest in it and then send it around for YouTube. Give those bonds to talk as fascinating wrapping it up Rob.

Just your final thoughts on how you see the Robbie protocol being one of those impacting protocols in the space. Will certainly one of the things that I believe will have the most immediate impact and why we're focusing on this part minor being a more smaller compact. Minor is that I believe with the Robbie protocol. It's very well-thought-out across all areas of the chain. So, you know, you have doctor at all explaining the nft very very Innovative and it basically is only targeting long-term holders to come in. So, you know, this isn't a

short-term. How do I propped it off of crypto today or tomorrow or this renewal is a nice book, you know, it looks, this is long-term players with a long-term Vision looking to make a long-term sustainable impact that I believe since it aside right out of the gate I believe. Get the proof of renewable technology. I truly believe is going to be one of the most destructive things in the crypto industry. I believe. Once people see how something just so simple yet, elegant, but impactful proof of renewable will be. I believe that this will be the chain that is used to mine.

All crypto. And of course, you know, the Robbie protocol has this incentivisation with each transaction size you are using crypto as a, as a mean does a, is a, you know, mean to finance. This is an additional benefit, you know, everybody wants to do something that makes them feel good about what they're doing. If you trade an alternative, you know, crypto that doesn't have this benefit. You got to ask yourself the question, like, why do it if you're going to be trading a crypto for the reasons of cryptocurrency, which is a lot of very, very positive. Why not do it with the cryptocurrency

that creates? Such a positive impact that has such a absolute incentive ization to create something that we all need more, which is renewable energy. I believe that Have a very strong impact as well. So, by combining, all these factors together, you know, the proof of renewal protocol the incentivisation, the long-term focus of the structure and the sustainable impact, it will have on areas that need the stainable development. Like you said earlier, you know, you don't solve problems by just throw him some money, out of her, throwing some charity at it. And hoping that will solve

itself, you solve it by empowering people to help themselves. And the most beautiful thing about the Robbie protocol is it is a technology that does exactly that scrape 67-64 time. Everyone. Appreciate it. The job. Thank you so much. And coming up now.

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