Green Proofs as a Service (GPSaaS)
Last updated
Last updated
The Green Proofs system ensures that energy usage is verified as green by managing and validating green certificates for various energy operations. All data sent to workers originates from the Green Proofs application, which transforms it into operations like issuing, transferring, or retiring certificates.
When the system receives an energy usage request, Green Proofs converts it into a corresponding operation, such as retiring a specific number of green certificates (e.g., retiring 10 units to reflect renewable energy consumption). This operation is sent to a network of workers via a distribution proxy. Instead of verifying the energy usage directly, workers validate whether the certificate-related operation, like retiring green certificates, is valid based on prior information.
For instance, if a certificate with a volume of 100 units is issued, workers are informed of this through a pseudonymized ID. When an operation requires retiring 10 units, workers vote on its validity, ensuring the operation aligns with the system's current state. This decentralized approach ensures consistent and secure state verification without granting any single worker full access to the system's data, enabling efficient and trustworthy management of renewable energy certificates across any energy market.
Learn more about GPSaaS and deploying registries with Launchpad