Filecoin Filecoin Orbit - Green, 23 Oct 2021

Previous Meeting

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From YouTube: Tools for Greening Filecoin

Description

Alan Ransil, Project lead for Filecoin Green, describes tools that are under development for measuring Filecoin’s energy use and verifiably connecting storage providers to renewable energy markets.

Alan Ransil, PhD, Project lead for Filecoin Green, Protocol Labs

A

Our next christmas figure is going to be talking about the how uh first up we have uh alan ransall phd project link for final cut and green, um and also a member of the research team at protocol labs over to you all. Thank.

B

You so much, and thank you uh juan for that that awesome sort of overall scope for what we're doing, I'm really going to talk about um how the the vision that juan just laid out relates to the tools that we're building and sort of give you sort of a scaffold to understand the the context for all the all the amazing talks that are about to come. You know what is what is falcon green, um so this is.

B

This: is a project sort of with these two, these two visions, as um as a sort of guiding principles right, so how can web 3 and filecoin specifically become environmentally beneficial? um And what tools can we build to do that um and then? Secondly, how can hogan web 3 and and follow coin especially be used to upgrade environmental accounting right? How can we do a really really good job tracing environmental impacts throughout the web3 ecosystem, um and then beyond that? How can we really, um you know, build tools that are going to allow us to?

B

um You know, trace environmental impacts throughout supply chains and throughout the economy? Broadly right because, uh like juan said, that is, that is the sort of thing that web3 should be, should you know really be able to to solve right. um If you content address everything, if you hash link everything, you should be able to say.

B

Okay, if this, this company is an input to my process or if this product is an input to my process, how do how do the environmental impacts of all of these inputs translate into um into what I'm doing right, and how can I use that information to really understand what my impact is and take actions throughout all of these extended supply chains across the economy, to really reduce those impacts, um and so where we're starting with this um and the the energy web foundation, you're gonna, hear from have been amazing partners in doing this, um we're starting um is by connecting valcoin to existing renewable energy markets, and so this is sort of a broad schematic of how renewable energy markets work as they as they exist right now in the economy.

B

um So, firstly, you know a solar farm, a wind farm, some other renewable power generator will produce both electrons that go into the grid um and they will produce renewable energy attributes that are tracked in something called a wreck registry. So renewable energy registry, um and so what filecoin can do is by electricity and also buy these renewable energy attributes. These wrecks um and verifiably be supporting renewable energy through that. um So we did a.

B

We did a demo recently um in which we um we worked with a bunch of amazing storage providers who are interested in really leading the way on um on falcon green and in renewable energy and worked with energy web zero um and a company called three degrees to source renewable energy credits um in order to account for the energy use of those uh storage providers. And so we were able to to have them.

B

um Have them buy renewable energy um based on an estimate of how much energy they've used over the the their entire lifetime in the network so far, um and uh and then track that in the energy web zero uh system, which you're gonna hear a lot more about today, and we were able to add that as a um as a link in fill rep so fill rep is the reputation system um which allows an individual storage provider um to uh show clients why they're the best service provider to store their files right.

B

So there are all of these different um all these different attributes of the storage provider that are accounted for here and what we did is we added this renewable energy column to the falcon reputation system right and so this is. This is a live link, so you can click on this here and say: okay, so this storage provider uh purchased 168 megawatt hours of renewable electricity and you can then go and say: okay on the energy web zero website- um and this is all live. This is all real.

B

um This is really interfacing with real renewable energy markets. um Okay, so this this miner id in the falcon network, so that storage provider um purchased 168 uh rex in 2021, which which, um which you know, equates to 168 megawatt hours of renewable electricity, um and you can even look at okay. You know where does this? Where was this renewable energy produced? It was apparently wind um and then you can look at this redemption statement right, which is this this connection to these existing um off-chain renewable energy registries right.

B

So so, really the question is right. What web three native tools can we build that? Allow us to interface with renewable energy markets as they currently exist right, and so so that's uh that's been sort of a major major initiative here um and we are working very hard to scale this up and to open this to every storage provider who wants to participate. um So our next phase, 2 demo, is going to be bigger, um we're going to be buying a huge amount of renewable energy um and really supporting renewable energy projects throughout the world.

B

This can be sort of a more significant revenue stream going to support development of, say, solar and wind, um and what we can also do, because we have really good, really granular data about exactly how the network is using electricity, um at least in you know in time right, because storage providers are publishing proofs um every day, showing exactly how much, how much storage they are. Storing.

B

um We can use that to improve on industry standards for buying renewable energy and matching renewable energy consumption to supply right, and so what that means in this case is a shorter accounting period. um So the industry standard is to buy renewable energy attributes that are produced within this 21 month window, including when you use that energy.

B

um We are we're shortening that um we're targeting one month um to really say: let's: let's do a better job sort of matching um renewable energy um consumption to supply right, and that's really because of the way that the network allows us to work with data in this really sort of verifiable way.

B

So then, a second prong to this is um how much energy does this filecoin?

B

Actually, use um and you're gonna hear a lot more on on work that we're doing um from uh from harold rankin who's, giving the next talk um to really delve deeply into what are the actual environmental impacts of followcoin, um and what can we do in order to uh to mitigate them, um and so I'm going to give you today this um this sort of sneak preview of this dashboard called uh the filecoin green dashboard um that this this amazing dev shop, called digital mob, has been building for us.

B

This data is not sort of finalized, yet there's uh there's a couple issues with it, but we're working really quick to uh to fix those up. um What you can see is that you know you can look at the two sort of main drivers of energy use in the following network, which are data stored and then ceiling so capacity added per day, um and you can then see how that translates into energy use, so energy used to seal sectors. We have an upper bound, a lower bound and an estimate.

B

um Then the energy used to actually store data. um Again. We have this lower bound upper bound and estimate, um and then how do those um combine at the network level right and so what this? What this looks like here is. You know from our estimate.

B

We think uh the network is using around 130 140 uh megawatt hours uh today, which um the way to sort of think about that is uh within the realm of data stored online um file coin is maybe half a percent of that and is using about half a percent of of data center.

B

um So that's that's roughly in line with what the industry is doing and so um what's also really exciting about this dashboard. Is you can type in uh and then look at data for individual minor ids, which is really crucial for this granular vision that we have for how we're going to be understanding the environmental impacts of falcoin um and then giving people tools to uh to reduce and mitigate them um and ultimately target the sort of verifiably environmental, uh environmentally, efficient um or environmentally um verifiably environmentally beneficial network?

B

There's a lot happening here, and I really want to thank our you- know amazing partners at energyweb who you're going to be hearing more from. Obviously, the the reputation system team, the sentinel team, um a bunch of people- are really working together uh to make this happen um and we're extremely excited to go forward um and improve in all these systems. Please join phil green on follow coin slack. um That's a new channel that was created where we're going to announce these new initiatives and um if you also have any questions, feedback ideas comments.

B

Please dm me: um I'm alan ransall on foulcoinslack! Thank you. So much.