Jason Dispenza, an energy exec running a solar energy and building performance company in D.C., meets Ryan Molecke, cryptocurrency exchange technical officer, on a tour bus taking the Icelandic Southern coastal tour, Jan 2016. By the next year, they are paired up with a new blockchain energy applications company, pitching international energy tech clients at the WebSummit in Lisbon, Portugal, Sept 2017.
Fast-forward to 2022, and EnLedger’s main business offering is tokenization of “green” real estate portfolios into formal security
offerings, working with large-scale developers who wish to buy, sell, and recapitalize assets via the blockchain.
EnLedger has partnered with their first large-scale real estate developer on the East Coast, and they are building a crowd-funding platform where even smaller-scale investors will be able to purchase shares of real estate portfolios with guaranteed returns and trading liquidity.
Security tokens offer a new avenue for developers to finance their projects with cheaper debt, replacing bank lending with crowd-funding of equity and debt offerings via the blockchain. They offer a very interesting investment class to securities and real estate investors, who can hold and trade a token backed by real estate holdings, and also take advantage of benefits of automated trading and transfers, automated and transparent dividend systems, plus the extra APR guaranteed to all token-holders on a predetermined payout schedule, similar to an annual token “staking reward”.
Along the way, Jason and Ryan learnt how to reach sectors of the energy industry, such as contracts, audits, certifications, and specifically energy data acquisition, that other blockchain energy companies never understood how to tap into.
The new “Cashback for Data” program on EnergyChain will actually pay users simply to share their energy and appliance data with a consortium of energy and home performance contractors (via EnergyStar and similar programs). It’s a new big-data system where the users are in control of their own data, they decide what gets shared and with whom, and they become the beneficiaries of their own datastreams again! This marks a technological “sea change”, and a huge innovation that could up-end the entire big-data market incentive structure, and open up a new multi-billion dollar market segment for energy and home performance data.
Jason and Ryan are putting this new data system into private, secure storage layers, notarized by blockchain transactions and accessible via the EnergyChain web portal and EnergyLand Virtual World (metaverse), where players will be able to perform “meta-actions” which link real world activities to virtual actions taken in the blockchain ledger, and in the metaverse.
Their innovative “Energy Efficiency Coin” promises to become a sort of “catch-all” private environmental/energy credit, incentivized by the users and participants in EnergyLand.
Keep an eye on this startup, who has branched out in their own weird way to build some amazing tech offerings.
