Energy-NFT

This project is aimed at creating NFT's focused on energy ratings. The rating itself is stored on the blockchain and is uploaded via the energy rating platform when an assessment is completed.

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  • 9,572 Raised
  • 236 Views
  • 7 Judges

Categories

  • 🧡 ETHDublin x Staxe
  • 🤍 ETHDublin x Webstudio
  • 💚 ETHDublin x DataverseOS
  • 🟦 IRL Track 2

Description

The project is focused on storing commercial and residential energy ratings leveraging blockchain and smart contracts to provide a more robust, secure and detailed view of how ratings are visualized and stored. Making use of NFT's and L2 solutions will achieve cheap and secure transactions while also enable storing of relevant internal and external specs for properties.

The integration of blockchain and NFT's into the legacy system will allow for greater transparency related to the energy rating process and allow trust to be engrained in the service. 

Looking forward with the development of smart cities, having energy ratings blockchain based will allow for ratings to be more easily tracked, managed and utilized for both planning and predictive modelling.

The real estate industry is prepared for a revolution due to the enormous shifts brought about by technological breakthroughs in the quickly changing digital landscape. A once-in-a-lifetime chance to reshape the landscape of property ownership and introduce higher standards of transparency, security, and sustainability arises thanks to the development of blockchain technology. This project aims to investigate the use of non-fungible tokens (NFTs) in the context of property ownership, emphasizing residential and commercial real estate. This effort aims to combine the strength of blockchain technology with NFTs to spur good change in the real estate sector in light of the urgent need for sustainable energy practices.

The emergence of blockchain technology provides tremendous potential to transform conventional ideas of property ownership due to its decentralized and immutable nature. Using NFTs, in particular digital assets that can stand in for ownership rights is a paradigm change that is as revolutionary as possible. NFTs are the perfect choice for securely representing and transferring ownership rights in real estate due to their inherent indivisibility, authenticity, and traceability qualities. A new era of openness and trust can be ushered in by seamlessly integrating NFTs into property ownership, minimizing conflicts, decreasing fraudulent activities, and improving overall efficiency in property transfer.

This project examines the innovative work of the Sustainable Energy Authority of Ireland (SEAI), a group devoted to promoting sustainable energy practices and lowering carbon emissions in the particular setting of Ireland. Integrating sustainable energy practices inside the NFT-based property ownership system becomes a key point due to the tremendous influence of energy efficiency on property value and environmental sustainability. This project, which aligns with SEAL's objective, seeks to lead a digitalization initiative that transforms property ownership while simultaneously acting as a catalyst for advancing sustainable energy practices in the Irish real estate industry.

The Building Energy Rating (BER) certificate system is essential to this effort. The BER certificate, a well-known instrument in Ireland, offers insightful information about a building's energy performance, empowering potential owners or tenants to make well-informed choices. In addition, one may quickly acquire a thorough and holistic perspective of a property's energy efficiency and sustainability thanks to the BER certificate system's seamless connection with the NFT-based platform. With the help of this integration, potential stakeholders will have access to a variety of data that will help them assess a property's long-term financial viability and environmental impact, which aligns with SEAI's mission to advance sustainability and energy efficiency.

The initiative will use a varied methodology to accomplish its goals. The project's development will be built on an in-depth investigation and examination of blockchain technology, NFTs, and their applications in the real estate industry. To build and implement a reliable and user-friendly digital platform, stakeholders, including SEAI, real estate sector specialists, and technology professionals, must work together. The platform will use the strength of smart contracts and sophisticated verification processes to speed up the transfer of ownership and streamline real estate transactions by doing away with time-consuming paperwork and administrative hassles.

The anticipated outcomes of this project are far-reaching. By successfully implementing the integration of NFTs in property ownership, several benefits are expected to materialize:

  1. A secure and transparent system for property owners will be established, significantly reducing the risk of fraud and disputes, and instilling confidence in buyers and sellers alike.

  2. The seamless integration of the BER certificate system with the NFT-based platform will empower potential stakeholders with comprehensive information on a property's energy performance, fostering informed decision-making and promoting sustainable choices.

  3. The digitization of property transactions through smart contracts will expedite and streamline processes, resulting in significant time and cost savings for all involved parties.

  4. The project's emphasis on sustainability will incentivize property owners to adopt


A live version of the website is available for review - https://energy-nft.webstudio.so/

  1. User will visit site
  2. Select the create tab, and then click the mint button.
  3. User will then connect web3 wallet to website
  4. User will then be brought to a marketplace where other available BER certs are available.
  5. User can then create an NFT associated with their BER cert.
  6. The user will be able to post via the home page and list a property which has been confirmed and authorized as real via the BER NFT certificate.
  7. Rentors can be sure the owner is legitimate as they hold the BER NFT via their wallet

Github: https://github.com/Karlitoyo/Eneegy-nft-eth


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