What is OHM3?
Last updated
Last updated
OHM3 is a Web3-enabled network designed for the connection and monetization of distributed renewable energy resources, aiming towards a carbon-neutral Earth. The name OHM3 symbolizes the integration of "Ohm," a unit of electrical resistance, and "3," representing the third generation of the internet, Web3.
OHM3 aims to establish Decentralized Physical Infrastructure Networks (DePIN) for regenerative finance (ReFi) infrastructure and a global inclusive network for climate action. It is built upon a massive number of individual participants, creating a green asset issuance and absorption network grounded in renewable energy data. This facilitates the consolidation of individual efforts into a substantial contribution toward carbon neutrality.
Like all DePIN networks, OHM3 encompasses both the supply and demand sides, creating a closed-loop supply-demand ecosystem.
Supply Side
The supply side of OHM3 consists of data representing renewable energy production from distributed sources such as solar panels, wind turbines, and other renewable installations. These contributions are quantified to generate data reflecting the energy produced, which is validated through IoT devices connected to the OHM3 network. This data is securely recorded on the public DePIN blockchain, providing a transparent and reliable record of renewable energy contributions. This data serves as a basis for issuing green assets and distributing token rewards to energy producers.
Demand Side
The demand side of OHM3 focuses on energy users seeking efficient and sustainable energy solutions. OHM3 facilitates a tokenized energy marketplace, allowing participants to purchase and utilize renewable energy directly from the network using OHM3 tokens. These tokens are backed by the renewable energy contributions recorded on the network. Participants can use OHM3 tokens to access clean energy and offset their carbon emissions. Additionally, users can demonstrate their commitment to sustainability while benefiting from potential cost savings and incentives for their participation in the network.
The OHM3 Network centers on the tokenization of energy data, placing decentralized energy participants at its heart. Utilizing an innovative operational methodology, it creates a flexible and dynamic supply-demand marketplace, fostering inclusivity and broad participation in the energy sector. The network operates on a collaborative ethos, integrating efforts from core team members, community participants, and ecosystem partners to drive growth and innovation. By facilitating the seamless exchange of energy data and incorporating a robust system of payments and rewards, OHM3 empowers individual participants globally, enabling them to actively contribute to and benefit from the evolving energy landscape, promoting a sustainable and inclusive energy ecosystem.
