IOEN Roadmap — Phase 2: Bootstrapping the Network
This is part 2 of a three part series to look more closely at the IOEN Roadmap and what we expect to achieve over the next few years. Check our Medium page for part 1: Establishment of this series, and part 3: the Ecosystem of Services.
Our Three Phases
As described in our Roadmap, we see our future in three, overlapping, phases. After the initial organisational framework is put in place, we will seek and incentivise participants at the microgrid level. IOEN’s vision is a bottom-up, grass roots movement where we have strength in numbers. Each phase will offer complementary sets of incentives to establish the IOEN and a thriving ecosystem of applications and services built on top.
We see the roadmap from technical, commercial, and community perspectives, with milestones planned in each of these areas.
Phase Two: Bootstrapping the Network
In phase 1 incentives included heavy discounts on future energy credits, and staking rewards. Staking will continue including from the team itself, to ensure a robust treasury for energy project funding. The ‘upper half’ of our architecture in the blockchain space will become more full-featured, with more DeFi services and a Microgrid Funding Benefits scheme launch.
Phase two is about building out IOEN and seeking new developments as part of a 100 Grids campaign. Our global team hiring continues as we seek experts in power engineering in the area of island and grid connected microgrid projects.
We already have a set of field tested devices that have been in the hands of consumers in 2020 and 2021; we will encourage more through a Proof of Participation incentive scheme. Here we establish requirements for hardware to run the IOEN agent, on the way to a full certification program. Proof of Participate will reward early adopters, tapering to a level that will remain through phase three and beyond.
Early in phase two our frontrunner RedGrid in Australia will incorporate a full ‘points’ scheme in its energy Powers smartphone app, and they have plans to create a community battery simulator to support a project in that area. The points are a mutual credit community currency, controlled by a ‘microDAO’ as per our whitepaper.
IOEN is working with Emergi, a Dutch provider of electric vehicle fleets in Liberia and the Ivory Coast, that will include agent software as our first ‘mobile’ microgrid use case. There is also activity in Bangladesh and the Subcontinent. With each use case, we will abstract to a growing library of knowledge and templates so others can implement.
Key to IOEN’s knowledge base are the open source libraries and a thriving developer community. Phase 2 begins to flesh out the dev ecosystem, although we are not starting from zero; there is a pent up demand to contribute, as witnessed by the many communities described in the roadmap part one article.
Act Local, Think Global
IOEN is the next generation of digital energy management and optimisation technology. IOEN tech enables an interconnected system of virtual microgrids that facilitate transactions within and between local energy ecosystems: from the appliance level to energy generation, storage, and consumption.
We are the backbone of the new tokenised energy ecosystem, building out the global clean energy ecosystem wherever you are, device by device.
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