Hi ladies and gents,
My name is Paris Smalls and I am here to propose an idea that I call "Proof-Of-Work-For-Good"
Here is the general concept:
1.) Tokenize renewable energy infrastructure as an asset on ERC-20 smart contract
2.) Decentralize ownership of asset by allowing multiple people to have small equity stake (<5%) power plant
3.) Cryptocurrency mine to accelerate pay-back-period of power plant
4.) Pay token holders dividends
5.) Trade Security Token (ownership of power plant) when ready
I believe by looking at cryptocurrency mining as an asset (security), instead of as a PPA Agreement (utility) we will be able to use Proof-Of-Work to grow the renewable energy sector, which is good.
This should work for all renewable energy technologies (i.e. Solar, Wind, Geothermal, and Hydro), so if your working on projects in any of these fields, please feel free to reach out to me if you want to learn more about how you can tokenize your assets. I am only here to help, and I would be very happy to share my experience working on this.
I recently did an interview on the topic, and we start talking about the utilization of security tokens for cryptocurrency mining at 20:40.
Security Token Interview:
https://www.youtube.com/watch?v=xch5HLhjvNs&t=596sPlease provide feedback, but play nice