Recently, the RED team held an important video podcast that was broadcast live via YouTube and discussed in greater depth several topics, both regarding the technical development of the platform, as well as answering questions straight from the community. The entire video is now available on our YouTube channel. By popular request, this is the transcript of that video podcast — it has been split up into two separate articles: one being the discussion between Armand and the dev. team leaders, while the second part handles the community questions, moderated and posed by RED’s Chief Editor, Rouă Denis.

Armand: Hello RED community, please welcome our new team members. Vali Malinoiu from SWAZM and Rareș Pintea. It’s definitely a good time for our second live broadcast. There have been a lot of developments lately and we are happy to announce that our new blockchain energy system is moving forward with exciting new features and fantastic new team members. I would like first to introduce Vali Malinoiu, who is our new CTO — not just Head of Blockchain, but CTO. Vali has tremendous experience in blockchain systems. He has designed several developer platforms and security auditing systems. I will let Vali just say a few words about his past experience.

Vali: So, first of all it’s a great privilege to be part of the RED community. I hope that we will accomplish great things together. As for my experience, I started from a young age. I have been in blockchain since the end of 2008/09, seen a lot of trends, designed a lot of systems in this area like Armand said, including developer platforms and full security auditing platforms for solidity and other types of languages, and of course, as most of you know, I established SWAZM in 2013. It has come a long way so far, but there’s a lot more to be developed and I think SWAZM and RED will accomplish great things together.

Armand: Thank you, Vali. Also, please welcome Rareș Pintea. Rareș is our new Lead Architect for the RED Platform. Rareș is a very experienced web developer with more than 15 years of web developing and several management positions in large companies. Rareș, if you wanted to say a few words about your activity.

Rareș: Hello, I’m also very excited to join the RED community and together I’m sure we will do a fantastic job of delivering the platform. As Armand said, I have more than 15 years experience as a web developer, using various technologies, and in the last 7 or 8 years, I have been leading fantastic teams into delivering web-based global platforms. I am very happy to work on this platform; we’re using the latest technologies available. Our plans are to have a very scalable solution thanks to SWAZM as well.

Armand: Thank you, Rareș. So, moving forward. As some of you may have noticed, our new website www.redplatform.com is up and running. Also, our first mobile app can be downloaded from the app store. It’s the first stage of many new developments that will come. Mainly it’s a referral-based app that will allow us to onboard customers, consumers, producers, and traders, in the following months. We decided that it’s very important to grow our community. Especially our community of consumers that will use our app in order to buy energy directly from producers, to trade energy, to send and receive energy from their friends, from their partners, and to be able to access very nice features like paying their energy with crypto. So, let me tell you a few words about our future plans.

First of all, we are behind a very very important event in Romania, called Electric Tour, which is basically a new Guinness World Record. Christian Gernemann will drive an electric car 24,000 km through the country, linking more than 3,000 cities and villages. It’s the first of its kind and during this Electric Tour, we will present the features of the RED Platform as well as some new features that will be in our offer, such as solar kits. We want to help people become producers and also our new mining rigs, which we will explore in detail a few minutes later. The idea is that the Electric Tour will commence October 1st and will take roughly 2–2.5 months to complete.

During this time we will be rolling out new features on our app, like an achievement-based system, and we hope that beginning from October, new energy consumers will be able to validate their accounts and we will integrate the supply switch model into the app so that in December, when the Electric Tour will be finished and the new Guinness World Record will be subscribed, we want to have the app fully functional with all the trading features so that all of you can stake your MWAT and receive the initial bonus. We hope to onboard as many customers as possible during this time. Of course, Restart Energy will market the mobile app in the platform to its existing customers in the database and, at the same time, we will try to attract new customers. We are also working on onboarding as many energy producers as possible.

There is some good news in Romania, the Parliament has approved new legislation that simplifies the procedure for people to become energy producers. There is also a government grant through the environment ministry that will finance new solar photovoltaic installations for households. The fund is about 100 million EUR in size and its expected to finance 20,000 new PV installations. Of course, we are trying to benefit and onboard as many customers as possible and not just sell our solar kits, but also provide them with a unique feature and this is where the platform is especially well positioned to take advantage of the new legislation, because the RED

Platform is THE place where all these new prosumers will be able to sell their energy back to the grid.

Moving forward, I would like to explain to our community why we chose to move our platform to the SWAZM blockchain. Many of you were wondering what is SWAZM. Is it tested, is it running? So, I can tell you that we tested it. Right now our mobile app and servers are up and running on the SWAZM blockchain. The SWAZM blockchain is basically a new type of Internet, but I will let Vali, who is the expert, explain more about SWAZM.

Vali: Practically, SWAZM has 3 main components: a transfer system, storage layer, and compute layer. At RED we’re using the storage layer to store everything — that means information from how many KWT’s are produced, how many KWT’s do you have in your wallet, how many KWT’s are moving around, what transfers are moving around — things like that. We will come forward with a detailed infrastructure about how the new blockchain that RED is developing will look. As far as for traditional applications, like the website, the back end for the mobile app — they’re also stored in SWAZM. The reason why we’re doing that is to provide great redundancy and control over everything. We even have future plans that we’re going to talk soon about: hosting pieces of the RED Platform on the mining rigs and rewarding the ones that host the mining rigs with MWAT, amongst other things. SWAZM practically offers RED the flexibility it really needs in order to be a completely peer-to-peer platform between consumers and producers. You don’t really need centralized parts, so we’re trying to decentralize everything to make it available as an information and as a utility for you guys.

Armand: Also, it’s a merchant for security. If the application is decentralized and it’s not on a single server, the security is much higher. This is actually our dream; we want our application to be completely decentralized and the SWAZM blockchain will help us achieve just that. Moreover, using the SWAZM blockchain we’re going to also put our KW tokens on a decentralized blockchain, so that prosumers and consumers can see their generated KW tokens or consumed KW tokens in real-time, using our custom-made KWT blockchain explorer — which I think is a very important feature. Many of you from our community were wondering why the KW tokens had to be centralized. Well, they don’t have to be centralized but until we found SWAZM, which is a blockchain that can scale instantly to millions of users, we didn’t have technical solutions. So now we have a technical solution that’s in implementation.

I would like to say a few words about security, because security is very important for us, especially regarding the blockchain where, on our platform we will also host a crypto exchange with the first pairs related to MWAT — so you’ll have Bitcoin/MWAT, Ethereum/MWAT, and as soon as we receive a special license, we also plan to integrate fiat pairs with crypto pairs; so that’s all in progress. I think Vali can say a few words about a very very nice security system that he designed for our platform.

Vali: What we’re doing is that we’re combining what Ethereum offers us, in terms of making the pair between ETH and MWAT with a smart contract that relies on SWAZM. What we can accomplish is that we are doing both transactions through the SWAZM systems on beta in platforms, so that we don’t really need to pay GAS for every transaction that’s happening with MWAT. We can also provide an enhanced Bitcoin exchange system, so that the private keys don’t really rely on any kind of RED or MWAT node or server or anything that’s hosting the RED Platform; so basically, by doing that we are decentralizing payments so we’re talking about an incipient state of a completely decentralized exchange.

Armand: Thank you, Vali. I want to let Rareș say a few words about our system architecture.

Rareș: Basically, we started implementing the platform using the latest technologies that are used by any other global players like Facebook or Google. We’re building together a very great team of awesome developers, specialists, engineers, and project managers. Hopefully very fast, we plan to use microservices that will allow us to grow the platform at the global level, meaning better architecture availability and scalability; also with the help of SWAZM we have the best security that’s available right now. Our plan is to use systems that will allow us to gradually roll out new features and we’re very excited about that new possibility. This way we don’t have to wait a lot of time to have a complete solution, but rather provide features monthly or at random intervals of time, based on the complexity of the solution.

Armand: Thank you, Rareș; so, moving on. I said, in the beginning, some of you may have noticed that our mobile app is up and running; I will switch right now to take a look. So if you access www.redplatform.com, you can register. You will get 5 MWAT tokens just for registering then I would suggest to download the RED app from the app store or google play, which means another 50 MWAT tokens for downloading the app, and for each friend that you refer you and your friend will both receive 25 MWAT. Our goal right now — and here we need your support as our community — we all need to try to onboard as many users as possible. So please do share the RED app with all your friends and on social media if possible, so we can have the biggest user base live when the platform kicks in.