KWHU Foundation

The mandate of the KWHU Foundation is to be the reference body for the correct implementation and promotion of KWHU and serve as a regulatory entity if needed. The KWHU Foundation, therefore, will work to ensure the adherence to the standards & principles and promote widespread adoption of the KWHU. For the active promotion of the KWHU standards & principles, the KWHU Foundation will provide clear documentation, guidelines and education programs.

About the KWHU Foundation

The mandate of the KWHU Foundation is to be the reference body for the correct implementation and promotion of KWHU and serve as a regulatory entity if needed. The KWHU Foundation, therefore, will work to ensure the adherence to the standards & principles and promote widespread adoption of the KWHU. For the active promotion of the KWHU standards & principles, the KWHU Foundation will provide clear documentation, guidelines and education programs. The KWHU Foundation would earn revenue from the certification and licensing to the entities that operate the accounts and the market place. The KWHU Foundation will earn revenue only in KWHU. The fact that the KWHU are representative of electricity delivered from renewable energy sources is a vital component facilitated by the certification & verification of the KWHU Foundation. This would apply to all entities that are actively earning KWHU by delivering electricity; in order for these entities to earn revenue in KWHU from electricity they would have to provide the requisite documented proof that they generate or source their electricity from an exclusively renewable energy source. This would also apply to operators of battery storage capacity and EV charging stations. Certification is mandatory to earn KWHU for kWh of electricity supplied.

Standards & Principles

The standards & principles are in essence designed to keep the alignment of the goal; which is to have KWHU be primarily a means of exchange of value. Reduction if not complete elimination of speculation & volatility that can stem from arbitrage opportunities that will present themselves over the course of widespread adoption of the KWHU is vital. For this purpose the KWHU Foundation will serve as a guiding body that oversees the correct implementation.

Accounts & Platforms

The KWHU Foundation will provide the platform for accounts & ledgers of the KWHU participants and/or oversee the operation of the entities that provide these services to the end users. Creation of rules & regulations and programming & APIs to incorporate specifically designed platforms, accounts, cards, encrypted storage devices, smartphone applications and facilitation by mobile service providers to make KWHU easy to use and transfer globally.

Certification & Verification

The KWHU Foundation will certify & verify that the participants are adhering to the standards & principles of KWHU thereby ensuring that the participants are protected from bad actors who seek to unduly benefit from arbitrage opportunities. The certification & verification will also ensure that there is a balanced and distributed development of the KWHU across all jurisdictions. And, where required, the KWHU Foundation will coordinate with regulatory bodies to implement the standards of security expected by the regulatory bodies and authorities. Having said this, there is an evolutionary aspect to the KWHU standards and where the expectations of the regulatory bodies and authorities are contrary to the standards & principles the KWHU Foundation will, in good faith, work towards exploring the balance between regulation and innovation.

Marketplace & Communities

The KWHU Foundation will develop a market place & community and/or oversee the entities developing market places & communities that allow for the exchange of products & services in KWHU. The purpose here is to ensure that a platform exists for the KWHU Community to find each other to exchange their KWHU for products & services or vice-versa. The development of community is essential to the success of the KWHU. The market place is also a good method to arrive at consensus pricing of products & services in KWHU, allowing for fair value transactions. Each transaction for real world product or service maybe indexed anonymously in order to, over time, arrive at consensus pricing of products and services. Community development will be inline with the market place and perhaps several of the market place developers would have their own inputs to the development of the standards & principles of the KWHU.

Statistics, Indices & Analytics

The KWHU Foundation would remain the final authority to oversee the evolution of the standards & principles of the KWHU. The KWHU Foundation would also be a means to analyse the circulation and value of the KWHU for kWh of electricity delivered, by monitoring if the efficiency differentials in the electricity sources are detrimental and where necessary take corrective steps to mitigate the detrimental effects.

KWHU Foundation Board

The KWHU Foundation, furthermore, will empanel a board that would oversee the operations and functioning. This board would have a diverse representation and will always consist of an odd number of board members. No board member will have the power to veto. The position of the board chair should rotate every month. All votes for changes will be a simple majority.