mprados
The "Rooftop that feeds" Project Using Stellar and Soroban Technology
Our project, "Rooftop that feeds," aims to transform underprivileged neighborhoods by addressing three key challenges: boosting local commerce, implementing renewable energy solutions, and combating malnutrition. The project leverages Stellar blockchain technology for creating a digital community currency and Soroban smart contracts for managing energy transactions. Here’s how it works:
Solar Panel Installation and Energy Generation: Homeowners Associations (HOAs) in these neighborhoods install solar panels on their rooftops. These panels generate renewable solar energy, contributing to environmental sustainability and providing a new source of income for the residents.
Creation of Digital Community Currency on Stellar: We use the Stellar network to issue a custom digital currency, tailored for our ecosystem. This currency facilitates transactions within the community, offering an alternative to traditional fiat money. Its creation and circulation are managed on the Stellar blockchain, ensuring transparency, security, and efficiency.
Energy Transaction Management with Soroban Smart Contracts: To convert the generated solar energy into a valuable commodity, we employ Soroban smart contracts. These contracts are programmed to:
Incentive Structure for HOA Members: The members of HOAs are incentivized to participate through a favorable energy-to-token conversion rate. For example, whereas the grid might compensate at 0.04 euros per kWh, our system values the same at 0.20 euros per kWh in community currency. This higher rate, made possible through our agreements with local businesses, motivates HOA members to accept the community currency in exchange for their solar energy.
Circular Economy and Local Commerce Stimulation: The digital tokens received by HOA members can be spent exclusively at the participating local fresh food shops. This creates a circular economy: solar energy produced by the community is used to power local businesses, which in return support the community by accepting the digital currency.
Technical Advantages: The use of Stellar's blockchain ensures that the community currency is not only environmentally friendly but also benefits from low transaction costs and fast settlement times. Soroban's smart contracts add a layer of automation and precision in managing the energy-to-token and token-to-energy conversions, ensuring a seamless and fair exchange process.
Total Budget: 50,000€
Total Budget for Extension: 250,000€
Additional Grant: 33,000€ from the Spanish Government (Received in April 2024)
This roadmap includes the strategic allocation of additional 33,000€ already granted from the Spanish government, enhancing the project's capabilities for expansion and development in both Spain and Latin America. The grant will support the initial expansion efforts in Q2, particularly with Caritas.org in Spain, and contribute to operational costs, setting a strong foundation for the project's success throughout the year.
Intentionally diverse in gender, age, academic/startup, cultural/technology focus. We have in common our willingness for a positive social impact.
Miguel Prados, CEO, MBA IE, MBA Icade, MSc engineering, Ethical Finance (Social Banking Institute). Founder of various DLT initiatives www.linkedin.com/in/miguelpradosrodriguez/
Rosario Gómez-Álvarez & Carmen Rodríguez are university Ph.D. professors in Economics, working with Miguel in community currencies related projects for more than 10 years.
Luciano Silvi, CTO, former software researcher at National Commission for Space in Argentina. Adriana Cubel, CMO, MSc Digital Marketing and Elena Silva, COO, MBA and Caritas.org voluntee