Technical Approach: P2P Energy (Solar)

We are a team that operates entirely remotely, we use established project management and team collaboration software to facilitate communication and ensure that all team members are able to report on their progress and any blockers encountered.

The breadth of experience among our team members enables us to anticipate potential challenges and set realistic targets, allowing us to effectively plan and prioritize tasks for bi-weekly sprints.

Of the solutions listed in the prior paragraph, the P2P Energy solution has reached an initial testing stage on the hardware system side. Second stage testing is expected to take place - soon - in a small-scale real world test environment where DLT software is to be deployed.

The above use case diagram illustrates the integration of solar hardware, represented by batteries and solar panels, with hardware devices in the form of inverters. These inverters collect and transmit data related to power consumption and storage to a bridge device.

This bridge device, which can be constructed using hardware such as a Raspberry Pi or X-Cube-IOTA, serves as a connection between the inverters and a decentralized marketplace operating on a DLT. Furthermore, the devices act as validators on the DLT network and implement their own consensus protocol to facilitate the exchange and transaction of commodities, including kilowatts, data, and other digital assets.

A Qbii enabled storage device would broadcast its need to purchase an amount of wattage to all other Qbii enabled storage devices in the network to pick up the request and determine how much they can afford to sell and at what price.

Once determined, the devices will respond to the request with their own sell price. The initial requester will then determine what is the better, reasonable price and select that response.

Remaining devices not participating in the transaction will act as validators of the original request. Once a bid is validated, the winning validator bid is notified and a payment and energy trade request is initiated between the two devices. The winning device sends the requested wattage to its destination. Once the transfer of power is complete, the payment is made. All actions are determined by smart contracts at L1 or L2.

In a more complex, but potentially efficient approach, it would be possible for multiple Qbii enabled energy storage devices to micro-supply a single storage device request on the network as opposed to a larger, one-off, strictly single device to device energy transaction.

As stated previously, we are protocol agnostic and exploring the benefits of low fee/feeless protocols for the initial prototype.

For any M2M systems like ours, we understand that protocol fees can be a curse and prevent real world practicality. Nevertheless, as an early builder exploring the unique intersection of DLT, AI, and hardware, it is our belief that finding the right protocol fit to succeed in this domain has never been closer.