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 Standards & Principles of KWHU – Explained

KWHU Furthers the Law of Conservation of Energy

KWHU is the continuity of the law of conservation of energy, which states that “Energy can neither be created nor destroyed, it can only be converter from one form to another.” In this case, we are transforming the kWh of electricity to an accounted KWHU and when KWHU is used to pay for kWh of electricity the value transforms back to electricity supplied. It is a circle that is closed and stays true to the law of conservation of energy and is the dominant rationale behind KWHU and the first standard.

KWHU is Indisputable

The purpose of the first standard of KWHU, is that the KWHU can only be accounted for the exact kWh of electricity supplied, accurately measured and authenticated. In this way the value of KWHU cannot be disputed. The first standard is clear but for the sake of emphasis it must be made clearer that in all time and space the exchange of a unit of kWh of electricity is for exactly a unit of KWHU and vice-versa. This precludes any claims that a past or future delivery of kWh of electricity is more valuable in KWHU terms than the present value.

KWHU Represents Renewable Energy

The purpose of the second standard is that all the KWHU can only be accounted from or pay for electricity from renewable energy sources. Specifically, Solar, Wind, Hydro, Geo-Thermal or Tidal. The elimination of CO2 emissions & nuclear waste from KWHU has the added benefit of being representative of clean electricity.

KWHU is Not for Speculation

The standards & principles are put in place to ensure that the KWHU is not used as a speculative instrument. The third standard is aimed specifically at reducing volatility and preventing speculation.

KWHU is a Means of Exchange

The standards & principles are put in place to ensure that the KWHU is used as a means of exchange. A party can offer a KWHU priced product or service to a counterparty. A fiat currency reference may be used to value real world products & services, and this is inevitable, but direct conversion to fiat or crypto currency is prohibited by the third standard.

KWHU is Global

KWHU attributed to the ledger of an account can be transferred with ease anywhere computing & networking allows. Specifically designed platforms, accounts, cards, encrypted storage devices, smartphone applications and facilitation by mobile service providers makes KWHU easy to use and transfer globally.