Hive-Power (HVT)

HIVE-POWER OVERVIEW

Build Decentralized Energy Communities Secured by the Blockchain Hive Power provides anyone with the possibility to create and manage energy communities on the Ethereum blockchain. Hive Power platform is a decentralized autonomous organization (DAO). The goal of Hive Power is to create energy sharing communities where all participants are guaranteed to benefit from the participation, reaching at the same time a technical and financial optimum for the whole community. This is achieved by devising a (mathematically sound) market mechanism that incentives the participants to collaborate with each other, coordinating their production and consumption. In contrast to other energy exchange market schemes, the Hive Power platform takes also into account technical aspects, such as cables power rating and voltage limits in order to reach a multi-objective optimal solution. Hive Power is perfectly tailored to the current grid transition, enabling a safe and cost-effective operation of the electrical grid by ensuring a fair and resilient energy market for all actors involved. A Hive provides a distributed energy market platform where every prosumer can exchange its energy consumption and production. The basic component of a Hive is the Worker. A Worker is a blockchain enabled electrical meter and it is generally linked to a prosumer, e.g. a single appliance, a single family household, a storage system, a solar power plant, an industrial facility. A Worker belongs to a single Hive. A Worker measures and certifies its own energy production and consumption, and joins the Hive energy market. More precisely, the interface with the electrical grid is monitored by an Ethereum Meter equipped with a hardware oracle, a cryptographically attestable anti-tampering sensor. The certified energy data from the hardware oracle is gathered by a blockchain computer and tokenized by a smart contract. The Worker also includes a forecasting service that predicts the energy consumption/production and an energy bidding system interacting with the Hive through the worker smart contract. Each Hive is created by a Beekeeper and contains a Queen, which acts as an aggregator for the Hive. The main goal of the Queen is to help the Workers coordination, by collecting the production and consumption forecasts of the single Workers, aggregating them and communicating them back to the Hive in an anonymous form. The Queen also collects data about energy production/consumption related to the Workers and distributes the corresponding fiat to the Workers retaining a part for the Hive owner. A Hive consists of a Queen, a population of Workers and an owner. Each Worker is logically linked to the Queen with a connector. Hives can exchange energy profiting of a hierarchical (motherdaughter) relationship between them. Each Hive possesses only one Queen, which in the upper hierarchical level will act as a Worker, representing the entire Hive as a single entity.