

One attribute that cannot be denied the blockchain is the decentralization feature. With this mantra as its leading feature, the technology proceeded to create multiple utilities that are now factoring into the everyday lives of the target audience.

There’s no gainsaying that the application of blockchain in different scenarios triggered the growth of the different areas of application. Generally, the network ensures that the use cases get transparent dealings at all times. The blockchain is now about to get another use case, this time, in the energy/electricity sector.

THE SERENITY BLOCKCHAIN



The project we have here called Serenity is set to change the prospects of the global energy industry. It’s worth mentioning that it has a variety of features that are feasible in reinventing the current tiers of generating energy around the world.

Let's look at the problems in the industry to understand the potentialities that the Serenity blockchain has to change the entire industry.

THE PROBLEMS IN THE ENERGY INDUSTRY;

Electricity is an indispensable tool in the world. It is not just for homes but helps to improve the production sector, especially in industries that demand higher power supply. It is, therefore, disappointing that many problems continue to reduce the viability of this sector of the global economy.

The first problem is the monopoly of power by specific stakeholders within the industry. Notable among this is the power/electricity generators that tend to distribute energy as they deem fit. That has culminated to the higher output in some parts and limited electricity supply in some others.

Second, consumers have been reduced to the status of "receivers" in a system that they ought to be the principal stakeholders. By reducing the powers of the end-users, the monopolists then proceed to introduce unpopular programs, including high fees and insufficient supply of energy.

Third, there has been a move to introduce a decentralized system for electricity production. That is the Distributed Energy Resources (DERs) that want to promote alternative means of renewable energy, such as wind and solar.

Generally, the problems in the global electricity industry are enormous. The above are some of the highlights of issues in the industry.

THE SERENITY SOLUTION



Now that we have a background of the problems let us look at the solutions, as propagated by the Serenity blockchain. The platform wants to create a sustainable energy ecosystem where all participants can come together to help in charting the course for a new energy sector.

DECENTRALIZING RENEWABLE ENERGY;

The likes of hydro and gas have been dominating the renewable energy industry for long. The models were developed to help the global community of electricity users to enjoy non-stop energy. Renewable promises to be a better variant than the traditional source of generating energy. It is cheaper and doesn’t pollute the environment like other forms of renewable energy like hydro and gas.

Now, Serenity promises to bring about more of these with the decentralization policy. In that instance, we’re looking at the integration of blockchain in the system. The move is essential, as it would be one of the factors that would rapidly usher in the Distributed Energy Resources (DERs) that had been touted for long.

THE STRUCTURAL TRANSITION TO RENEWABLE

It is no news that the conventional electricity industry is under the control of national grids. The grids take charge of the distribution of energy across the segments it operates. That comes with the challenge of insufficient power supply, as some places tend to have more electricity supply than the others do. That is not leaving out the inability to migrate to the decentralized model.

The Serenity blockchain swings into motion in that regard. Through its structural transition program, the platform aims at striking a balance between the electricity needs of consumers and the production/supply from the national grid. Already, the platform has plans to collaborate National Electricity Operators to table the end-user/consumers' needs for immediate attention.

In the future, the Serenity blockchain hopes to use this channel to trigger a smooth transition of the traditional energy network to the blockchain.

RETURNING POWER TO USERS

The monopoly that had been in vogue for some time now in the electricity industry is about to end. Ideally, Serenity uses the blockchain technology to decentralize the system. That, in turn, allows the end-users/consumers to have some control in the system.

The prospects in the platform are many, and each of these is tailored to boost the energy industry for better.

DEREGULATING THE INDUSTRY

Here is the part where the potentialities of this project get better. Serenity plans to deregulate the energy industry using specific tools. Below is a breakdown of the plans it has for the deregulated electricity production and supply industry.

● HEPEK Devices

The world is under threats by the mechanizations of the current forms of renewable energy. For instance, the likes of gas, hydro, and coal bring about emissions that threaten the environment. That, in extension, led to the growing numbers of carbon emissions, which pollute the atmosphere.

In that regard, the platform opted to provide HEPEK devices, which empowers users to source and use renewable energy locally. Note that this is part of the deregulation move that Serenity is working on.

Now, HEPEK stands for Harness of Energy Powered by Encrypted Kit. It is a specially formulated device with the Internet of Things (IoT) capabilities. It comes in handy in the deregulated market through the affiliation with retail electricity merchants.

With the empowerment of its users to generate electricity locally through wind and solar, Serenity also delegated the HEPEK device to oversee the smooth running of the entire system. Below are some of the functionalities of the device:

● Energy Storage

One of the benefits of renewable energy is the provision of cleaner and cheaper power. The device on its part would help in storing these energies without hassles. Through real-time analytics and IoT functionality, the HEPEK device can identify when electricity is available. It then makes this information to the consumers, who in turn, would proceed to obtain or purchase renewable electricity at affordable costs. The same process is repeated when it helps consumers to trade their surplus energy to others that need it at the time.

Through this operational model, the community of users is confident that there would be little or no wastage of electricity.

● Smart Consumption Decisions

The fact that renewable energy is cheap doesn't mean that it should be wasted. As a rule, consumers must endeavour to use only the required load and shut down systems or appliances that are not needed at the next time.

Taking a cue from that perceptive, Serenity then brought up another use case for the HEPEK device. In that instance, the device takes up the responsibility of reducing the load on the network. For example, it works in unison with Internet-optimized (IoT) devices in every household that uses the Serenity blockchain. By that, it can get real-time data when such appliances are not working or when they start using more power than necessary. When such becomes the case, the device would have to shut down such appliances to reduce power consumption.

Therefore, the role of the HEPEK device in making smart consumption decisions are commendable.

SHARED ECONOMY;

Undoubtedly, partnerships are one of the best ways to achieve sustainable goals in a shorter period. That informs the reason why Serenity opened up the opportunities for its users to interact among themselves. It doesn’t stop at the interactions because the opening created a platform for other initiatives.

Worthy of mention is that the platform promotes the Sharing Economy through blockchain. In that regard, it empowers members to retrofit their homes under the dictates of the Net-Zero standards.

Net-Zero, on the other hand, is the technical framework through which Serenity users can generate electricity on their own. They are expected to do so with dedicated facilities (including the HEPEK device. In the end, the users can then put up their surplus energy for sale on the trading platform, where it would be bought. The outcome of the transaction leads to their getting carbon credits from Serenity.

THE SERENITY ENERGY RETAILS



There is more to the Serenity blockchain than just a platform for decentralizing the energy sector. It also positions itself as an energy retailer that uses the blockchain to facilitate transactions. Let’s delve into that to see how the platform would change the current model of energy distribution.

● Energy Synchronization

It had been noted that Serenity empowers to engage in a local production of renewable energy. Also, it promises to fund projects that can generate renewable using sources like energy farms, wind, and solar.

Sequel to that, it uses the HEPEK device and blockchain to synchronize available electricity/energy in conformity to the Distributed Energy Resources (DERs). The move is part of the platform's passion for creating a robust, decentralized business model for renewable.

It should be noted that the synchronization highlighted above is in tandem with the regulatory requirements demanded of electricity generators that want to be recognized as a Large-Scale Electricity Generator.

Therefore, the different measures delegated by Serenity are geared towards meeting up with the requirements. When this happens, then the platform would gain traction as one of the globally recognized electricity/energy retailers. Thus, Serenity, through its Generator Platform and variety of facilities, is on the way to becoming one of the known blockchain-based energy retailers.

● The Serenity Pool

As the retailing capabilities gain traction, the platform is also working on a dedicated ecosystem for the participant. The Serenity Pool is an ecosystem where prosumers/generators of locally-sourced energy can trade their renewable for money.

After pooling renewable together in the ecosystem, Serenity then proceeds to trade them off at wholesale prices to consumers. In some other instance, it can strike the needed connection between the prosumers/generators and the consumers.

At the end of sales, the sellers would be rewarded with the ERGON and CARBON tokens. The platform, on its part, would charge a small transaction fee for its services in the entire process. To that end, Serenity is indeed working hard to ensure that the era of renewable energy continues to boom, regardless of the current challenges.

Besides, the user-based energy generation and the peer-to-peer trading of surplus energy are steps in the right direction. In light of that, every participant is confident of getting impressive results in the end. These come in the form of incentives (for the prosumers/generators), transaction fees (for the Serenity platform), with a cheaper and unlimited renewable energy (for the consumers).

NET-ZERO DWELLING

To wrap up this review, let’s look at the residential apartments that the Serenity blockchain hopes to develop.

In this structure, the platform plans to design and build estates and private residences that conform with the dictates of the Rapid Building System structure. The latter is a construction design that intends to develop passive homes that have relevant facilities, such as thermal free bridge construction, thermal insulation, airtight feature, integrated PV roof panels, and high energy performance windows.

These residences form part of the basis for the production of renewable energy. That is possible because these buildings work in tandem with the prosumer structure. That is a medium for the buildings to self-sufficiently create additional energy and export the same to the grid. It is in these residences that Serenity hopes to derive most of the surplus generate electricity that would later be traded on the Serenity P2P Energy Trading Platform.



Token Allocation



Information about the Token

Token Name: SERENITY

Ticker: SET

Token Standard: ERC-20

Platform: Ethereum

Role of Token: Utility

Token Supply: 500 million

Price: 1 SET = $0.1 USD

Soft Cap: $5 million

Hard Cap: $20 million

Country of Registration: Australia

Not Participating: The United States, Iraq, North Korea, China, Syria, and Afghanistan

Final Words

The features so far regarded on this project are feasible and would make a positive impression on the target audience. It is commendable because of the variety of renewable options, especially the restructuring.

Interestingly, this is coming at a time when the activities of conventional sources of renewable energy are beginning to pose threats to the world. That is based on greenhouse emissions that trigger emissions and global warming.

Therefore, the features proposed by Serenity have tendencies to boosting the productivity of renewable energy. Don't take the back seat! Get ready to be part of this revolutionary blockchain platform that would expand the production and use of renewable energy.

USEFUL LINKS

Website: https://serenitysource.com.au/wp-new/

Whitepaper: https://serenitysource.com.au/assets/docs/SERENITY_WHITEPAPER.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5160209

Telegram: https://t.me/SerenityIEO

Facebook: https://www.facebook.com/serenitysource.io

Twitter: https://twitter.com/serenity_source

AUTHORS DETAILS

Bitcointalk username- Corer

Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2373697

Ethereum wallet- 0x3D62D8e796530FB401914a6c63F25d3e3889EA38