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a. What does project growth plan look like? What timelines are you looking at?
- SG ESG data/context management and self-verification principles in terms of climate-related disclosures lifecycle:
- data/context collection;
- data/context processing;
- data/context verification;
- data/context distribution: publication of sustainability report.
- June-July 2022 (Launch Challenge)
- Development Decentralized Autonomous Organization (DAO) for Voluntary Ecological Market.
- Implementation templates for Asset Management (two types of carbon credits of the Voluntary Ecological Market based on Tokenization Standards for VEM).
- Advanced integration with FIWARE context broker (Orion).
- August - September 2022
- Improved version of Reporting (TCFD Disclosures) service.
- Participation in i4Trust Open Call (Q3 2022).
- Piloting project in Singapore (Q4 2022).
b. How do you plan to engage open source community?
We plan to actively participate in the Climate Action and Accounting Special Interest Group, and contribute to open standards FIWARE and Tokenization Standards for VEM (InterWork Alliance)and thus interact with and engage participants of these open source communities.
c. How will the project be sustained? What are the skills that need to maintain and grow the project?
We are committed to develop a universal interoperable solution based on leading industry standards in data management and thus create an open and trustfull market segment based for the ESG (Sustainability) data economy. Project requires cross-industry knowledge and skills: in institutional economics, voluntary markets for sustainable assets, impact investing and RegTech for the Green Finance market of Singapore, Malaysia, Indonesia, and Thailand.
d. How do you plan for industry option?
Electrodo was the winner and participant of the European research and grant program from Eureka (GlobalStars-Singapore Call): “Achieving sustainable living for residents of public housing (HDB) in Singapore”. Today together with our Singaporean partners under this Eureka program we develop platform for sustainable living in public housing in Singapore. The goal of this project is to educate and motivate for sustainable living behavior through using Clean energy traceability and Sustainable living gamification by “Clean Energy Credits”. Clean Energy Credits are used for offset a tenants carbon footprint and energy bill payments. For this project, we provide Electrodo as a blockchain-enabled decentralized infrastructure for clean energy asset management and payments tokenization. We plan to scale this project with the participation of industrial enterprises in Singapore
We are planning a series of pilot projects in Singapore as part of our collaboration with the EcoLabs Center of Innovation for Energy (established by Nanyang Technological University, Enterprise Singapore, Sustainable Energy Association Singapore).
We are also preparing to apply with Electrodo for the i4Trust Open Call (Q3 2022).