FOUNDATION FOR ADVANCING RENEWABLE ACTIONS AND DECISIONS
FOUNDATION FOR ADVANCING RENEWABLE ACTIONS AND DECISIONS
The patented Farad Meter is a proprietary SCADA (Supervisory Control and Data Acquisition) renewable electricity metering system and platform which measures and authenticates the exact amount of electric power produced by a certified renewable energy source such as a Positron Particle Accelerator, Solar Panel or Wind turbine. It converts kilowatt hours of renewable energy measured and validated by creating a Farad Token which is stored in the Farad proprietary blockchain. Each Farad Token has a unique individual digital signature as part of its auditing and verification process.
Each Farad Token is stored as a unique digital voucher in the FDDS, the Farad Digital Data System which is part of our proprietary and patented blockchain. Farad Tokens are the measured equivalent of metric tons of carbon dioxide not emitted into the atmosphere and can be utilized as a fully certified and verified Carbon Offset. In addition the Farad Token serves as representation of the amount of electric energy produced by the renewable energy source to which the Farad Meter is authenticated and coupled. Farad Tokens are also validated through third party SCADA systems where applicable.
Any registered user of a Farad Meter connected to a renewable source of electricity production can view the Farad Tokens measured and created in their F•A•R•A•D account. A F•A•R•A•D account will show an active history of Farad Tokens produced, stored, bought, sold and retired. The Exchange within the F•A•R•A•D account will accurately display the price of the Farad Token as established by the global carbon credit and carbon offset markets.
Inside F•A•R•A•D , a registered user can access the Exchange. If the user has a verified Farad Meter, they can view the Farad Tokens measured in their account. In addition they have the ability to sell their Farad Tokens to individual, government, financial or industrial users or purchase Farad Tokens from other F•A•R•A•D users. They can also retire the Farad Token for purposes of individual reduction of their carbon footprint.
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