When applied to data security, Tokenisation is the process of substituting a valuable data element with a non-sensitive equivalent, referred to as a token: an item which has no extrinsic or exploitable meaning or value. The token is a reference, or mathematical identifier, which maps back to the valued data item, through a secure cryptographic tokenisation system.
We are developing a tokenisation framework for the energy generated from our smart solar parks. This framework considers the energy sector’s digital future and creates value for rights holders, based on specific roles they hold in the supply chain.
This framework will be made available through a "fair launch", with our first release of tokens ensuring stakeholders can rightfully participate in the token ecosystems. Our utility token is part of our Dual Token taxonomy model, providing the option to leverage energy offtake and access rights to operational information. In the future, fractional ownership rights from the generation source (individual solar panels), will become assets available to buy, own and trade.
This fractionalised ownership model may extend across various layers of rights ownership, including for OEM panel manufacturers, purchasers, trade financiers or panel providers on a particular smart solar park. Tokenisation provides an opportunity to generate significant efficiencies, increase data security, and provide value to stakeholders within the Sunified network.