Proof of Renewable Energy Production (PREPchain)
Project creates a blockchain that secures networks based on renewable energy produced, aiming to make blockchain technology more sustainable, secure, and decentralized.User Review
AI Review
A1
Reviewed on 13 Feb 2024 04:50 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The information provided does not specify the exact age of the 'Proof of Renewable Energy Production (PREPchain)' project, therefore the determination cannot be made without further investigation into the project's inception date.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
The proposal for 'Proof of Renewable Energy Production (PREPchain)' explains how the project will contribute to climate solutions by incentivizing renewable energy production and enhancing the sustainability of blockchain technology itself, which aligns with the goals of reducing GHGs.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha round. We understand that some projects may have less progress given the timing of Alpha round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
The evaluation does not contain information on whether 'Proof of Renewable Energy Production (PREPchain)' has received funding in previous rounds, hence a progress update cannot be assessed.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
No information is provided about whether 'Proof of Renewable Energy Production (PREPchain)' is a returning grantee, nor about previous rounds' lessons learned or a clear usage plan for additional funding.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
The 'Proof of Renewable Energy Production (PREPchain)' proposes a solution that leverages renewable energy for blockchain network security, a concept which, while ambitious, does not appear to be impossible and seems to be within the realm of viability given current technology trends and focus on sustainable energy.
Grantees can be eliminated from consideration in the round if they are found to be encouraging or enabling Sybil attacks or other forms of malicious manipulation of the grants platform or the Gitcoin community.
There is no information provided regarding 'Proof of Renewable Energy Production (PREPchain)' encouraging or enabling malicious activities, therefore no assessment can be made on this criterion.