Founded in 2014 by a group of solar experts and macro-economists, the SolarCoin Foundation is an international network of volunteers and community members whose job it is to oversee the distribution of SolarCoins (cryptoexchange symbol: SLR) – a blockchain-based digital currency that is distributed to solar producers at a rate of one coin per megawatt-hour of solar energy produced, based on verified meter readings.
Com-Guard.com, Inc. (OTC Pink: CGUD), the technology company that has been designing and developing security applications for over 15 years, had previously announced that it is going to standardize on the Raspberry Pi Development Platforms using Linux based Software and ARM Architecture Hardware to develop low cost and high-performance solutions and is planning on implementing the Blockchain Software on the Raspberry Pi Platform. As stated previously, the first target industry will be the Solar Industry.
Com-Guard use of a $10 piece of equipment called a Raspberry Pi, which is a data logger that gathers information from the solar installation and publishes it to the blockchain. Currently, there are also discussions in progress to have some solar equipment providers embed SolarCoin in a more dynamic way onto solar equipment they sell, hence enabling granting down to the minute.