⛓️Technology Description

Underlying Architecture

• Blockchain Technology: The SolarWise Own The Sun AG strategically leverages the VeChainThor blockchain as its foundational technology, benefiting from its governance model and scalability features. This ensures that SolarNFTs are deployed efficiently, with transparent and automated transactions that comply with Swiss financial regulations.

• Smart Contracts: SolarWise OTS utilizes smart contracts on the VeChainThor blockchain to manage SolarNFT transactions, ensuring the secure and automated execution of ownership agreements. These contracts govern the transfer of ownership for solar panels, ensuring each SolarNFT holder has clear and immutable rights to their asset, in compliance with the NAL.

• Consensus Mechanism: Operating under the Proof of Authority (PoA) consensus mechanism of VeChainThor, SolarWise OTS achieves increased efficiency and reduced transaction costs. This ensures cost-effective and seamless operations, crucial for managing renewable energy transactions globally.

• Security Protocols: The VeChainThor blockchain integrates robust security protocols, which SolarWise OTS leverages to ensure the integrity and immutability of ownership records. This fosters trust among SolarNFT holders, ensuring each transaction and ownership transfer is securely recorded, meeting the high standards of Swiss regulatory frameworks.

Scalability and Interoperability

• Scalability Solutions: SolarWise OTS taps into VeChainThor’s scalability features, ensuring optimal performance as the SolarWise ecosystem grows. These solutions enable seamless user experiences, even as participation and transactions increase, ensuring the platform remains scalable in line with the project’s expansion.

• Interoperability Standards: By using Ethereum Virtual Machine (EVM)-compatible smart contracts, SolarWise OTS enhances cross-chain compatibility and flexibility. This feature enables the smooth transfer of assets across different blockchains, promoting an integrated and composable ecosystem that supports a wide range of users.

• Cross-Chain Compatibility: We are excited about the cross-chain compatibility that VeChain offers, though our roots are firmly planted in the VeChainThor ecosystem. Our main goal with cross-chain integration is to onboard new users into our ecosystem and ultimately into VeChain. This interoperability allows us to expand accessibility and liquidity for SolarNFTs, bringing in global participation while promoting VeChain’s technology and vision.

Comparative Analysis

• Benchmarking Performance: SolarWise OTS conducts ongoing comparative analyses of its technical performance, focusing on transaction speed, security, and scalability. This ensures the platform remains competitive and efficient, delivering a seamless experience for users and buyers.

• Innovative Features: By leveraging VeChainThor's advanced features, SolarWise OTS incorporates enhanced security protocols and cross-chain capabilities, offering a unique value proposition that sets it apart from other projects in the blockchain and energy sectors.

• Lessons from Existing Solutions: Drawing insights from similar projects, SolarWise OTS continuously adapts best practices to refine its technology and operational strategies, ensuring that it remains effective and responsive to evolving industry standards.

Blockchain Sustainability

Sustainability Commitment: SolarWise OTS benefits from the exceptional energy efficiency of the VeChainThor blockchain, which utilizes the Proof of Authority (PoA) 2.0 consensus mechanism. VeChainThor consumes only 0.000216 kWh per transaction—approximately 0.04% of the energy used by other major blockchains, making it one of the most sustainable blockchain platforms available.

This efficiency aligns perfectly with SolarWise’s mission to drive sustainability, both in the renewable energy sector and through the use of environmentally friendly blockchain technology.