FLEXIDAO Become An Afilliate Member & Official Validator Of The Energy Web Foundation HSV GTS Follow Apr 12 · 6 min read

Who are FlexiDao ?

FlexiDAO is a software provider in the energy sector headquartered in Amsterdam.

The company was founded in 2017 in Barcelona by energy engineers Simone Accornero (IT) and Grzegorz Bytniweski (PL) and by economist Joan Collell (ES).

The three founders bring diverse experience from companies like Google, Bain & Company and Everis.

FlexiDAO was created to accelerate the transition towards a decarbonised and decentralised energy industry, leveraging on blockchain applications.

What does FlexiDao offer ?

FlexiDAO exists to enable a more decentralised, green energy world starting with revolutionizing the green energy certificates market by providing greater granularity, transparency and integrity.

FlexiDAO’s core engine is focused on creating the ‘Mac’ experience for blockchain in energy.

FlexiDAO specialize on gas relay services, private key recovery, identity management for privacy and friendly user experience.

On top of the core engine FlexiDAO builds application layers such as Spring, a certification of origin app.

FlexiDAO Platform

FlexiDAO’s mission

To effectively coordinate millions of distributed energy resources into the grid.

It’s logo, the octopus represents that vision: Two thirds of their neurons are located in their tentacles, what scientists call a decentralized brain.

Utilities need to become an “octopus” too, locating their brain at the edge of the grid.

FlexiDAO offers utilities white-label blockchain applications on top of a middleware platform that can access any blockchain infrastructure in an enterprise-grade secure way.

The company is supported by SET Ventures and accelerators KIC InnoEnergy and Rockstart.

What are FlexiDAO use cases ?

How is FlexiDAO compliant with regulation ?

FlexiDAO Free Electrons

REspring ( The new way of buying renewable Energy)

Who can benefit from REspring ?

REspring integrates with the existing commercial contract between an energy supplier and consumer by customizing its energy matching algorithm.

The four customization options are the following:

Contemporaneity : The Retailer can choose the matching to be executed every 15 minutes, hour or day.

: The Retailer can choose the matching to be executed every 15 minutes, hour or day. Share: Fixed shares of generation capacity can be allocated to consumers.

Fixed shares of generation capacity can be allocated to consumers. Priority: Different priorities can be assigned to consumption point and consumers.

Different priorities can be assigned to consumption point and consumers. Preferences: In case of multiple generation sites consumers can provide preferences from where they source their energy such as technology type and distance.

In case of multiple generation sites consumers can provide preferences from where they source their energy such as technology type and distance. Matching is automatically performed by an algorithm and triggered immediately when consumption data is received through the API (depending on the timeframe defined in the contemporaneity option).

The algorithm includes all the rules defined in the commercial contracts.

Blockchain automatically avoids double-counting ensuring the trustless and fair allocation and matching of generation with consumption and without the need of a third-party overviewing the process.

What Blockchain does REspring use ?

REspring has been built to be blockchain-agnostic meaning that the software could potentially interact with any kind of blockchain.

As of today REspring can be immediately deployed on any blockchain based on the Ethereum Virtual Machine as well as on future para-chains such as Polkadot.

The reason for choosing Ethereum as reference ecosystem are the following:

It is a Turing-complete system, meaning that it is able to compute anything computable given enough resources.

It enables the creation of Private (e.g. Fabric from Hyperledger), Public (the Ethereum Public Blockchain) and Hybrid (e.g. Energy Web Blockchain) types of blockchain, providing technical solutions for many different use cases.

It has established as the market leader with around 90% of decentralized applications being developed and deployed on EVM-based blockchain.

It has by far the largest community of active developers.

Why do we recommend Energy Web blockchain ?

Energy Web blockchain is an open source public proof of authority (PoA) blockchain built on top of Ethereum core technology for the energy sector.

FlexiDAO is an official validator of the EWF chain.

Scalability with low transaction costs:

Proof of authority PoA chains are much more scalable than others, (eg Bitcoin) because they rely on trusted authorities (i.e. ~100 utilities and startups part of EWF) to validate transaction and sustain the blockchain, instead of millions of nodes.

Cost per transaction is x1000 smaller than public Ethereum blockchain.

Low energy consumption:

PoA chains don’t use mining as traditional proof-of-work (PoW) chains do, eg Bitcoin.

PoW is an exceptionally energy intensive computing operation.

Substituting PoW with PoA allows EW Blockchain to be extremely energy efficient.

Private transactions on a public network:

EW Blockchain fits perfectly with the R.E. certification use case.

It’s public and open-source, so it allows full transparency and interoperability among market participants.

Through the mechanism called ‘zero-knowledge-proof’ it enables private transactions without compromising transparency.

Gateway

Agnostic- Blockchain and application use-case agnostic.

Blockchain and application use-case agnostic. Scalable- Blockchain state indexed for efficient data insights and integration with legacy systems through simple API.

Blockchain state indexed for efficient data insights and integration with legacy systems through simple API. Private- Compliance with GDPR regulation according to the EU Blockchain Observatory guidelines.

Compliance with GDPR regulation according to the EU Blockchain Observatory guidelines. Secure- Non-custodial key management, self sovereign identity system for enterprise structures and role-based access.

Software Licence Pack

FlexiDAO services

Software updates & maintenance.

Technical support.

Workshops & product training.

Ease of integration, deployment & operation.

White-labelled digital wallet without the need of plugins.

Gas relay service (streamlining UX).

Account Recovery.

Codebase Access

Full access to view codebase.

Unlimited number of users can be registered.

The code is under control of the Energy Retailer.

Proprietary modules

Open option to build customizable applications and software modules through an easy API.

These proprietary modules can be built by FlexiDAO, third parties or by the Energy Retailer (in-house).

Cloud Services

Octovault ( Secure, in page key management & signer)

Avoid installing plug-in wallets.

Substitutes application login.

Allow for better integration of hardware wallets.

Gas relay (Automatic transaction payment services)

Simplify user experience by drastically reducing onboarding time.

Avoid legal risks of holding & managing cryptocurrencies for consumers.

Reduce time and costs by automating transactions in batches.

Decentralized Identity Management (Enabler of truly decentralized applications)

Pluggable identity recovery service in the event of private key loss.

Allows for replication of enterprise organizational structures and role-based management.

Modular structure applicable to organizations, users as well as assets.

Clients include but not limited to the following

Partners

Team members leading FlexiDAO

SIMONE ACCORNERO, Energy Leader & CEO of FlexiDAO

JOAN COLLELL, Business & Strategy leader & CCO of FlexiDAO

GRZEGORZ BYTNIEWSKI, Blockchain Guru & CTO of FlexiDAO

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