Decentralization, LENR and Blockchain Technology

LENR.  Blockchain.  These are two odd words many people have probably never heard of before and certainly not in the same conversation.  However, in an ironic twist of fate, the two of them may depend upon one another in a new era of decentralization.

LENR is short for Low Energy Nuclear Reactions or Lattice Enabled Nuclear Reactions or a host of other acronyms which have come to symbolize what was once referred to as Cold Fusion.  All essentially represent the heretofore unexplained phenomenon where purported anomalous and excess amounts of heat are generated when a stimulus is applied to certain transition elements which have absorbed isotopes of hydrogen.

The blockchain has become synonymous with Bitcoin, the cryptocurrency of choice for those investing and using digital currencies in commerce.  However, there are hundreds of these digital coins and tokens in use and they are all run by a backbone of distributed databases which are used to maintain a continuously growing list of records, called blocks.  This is the blockchain.  The records are permanent, decentralized, public and irreversible.  The blockchain is maintained by nodes of processors running the calculations that create the never-ending creation of new blocks.  The energy consumption for these processors is growing daily as the blockchain grows in popularity.

LENR, revered as the cheapest and cleanest energy source, has been plagued by three constant issues – centralization, censorship and a lack of funding.  In a centralized world where energy and valuable and useful information is stored on private servers, corporations are incentivized to hoard experimental data in order to profit from it.  However, this mindset has inhibited the growth of LENR technology as this hoarded institutional knowledge is lost when funding or patience runs out.  Each successive LENR experimenter faces the same challenges and issues as their predecessor, causing advances in the field to only be incrementally gained.

Blockchain technology empowers its users by decentralizing information, providing a prosperous ecosystem for like-minded individuals and now an ingenious means for funding through ICOs (initial coin offerings).  By using the Ethereum platform, users can build an ecosystem that is decentralized, free from censorship, free from value-sapping middlemen and a means to transfer value.  By issuing their own token or coin, a group has the potential to raise millions of dollars in funding without having to engage brokers or venture capitalists.  This brings about several intended benefits.  Used as a deflationary currency, as the ecosystem gains in popularity, the limited supply of tokens will rise in value, benefiting the ecosystem as a whole and not just a few centralized players.  Those who CREATE the value will be directly compensated.

Decentralization and blockchain technology will disrupt more than just our centralized economies.  It has the ability to empower and give real value to the efforts of artists, creators, experimenters and anyone else who is willing to provide value in the ecosystem of your choice.  Plans for local energy distribution will become more common with blockchain capabilities and LENR, advanced by the technology itself, may be relied upon to meet the insatiable demands for powering the blockchains.

Swarm.City, debuting its Boardwalk platform on June 15, 2017, will be the first truly decentralized peer to peer sharing economy, enabled by the SWT token, running on the Ethereum blockchain.  It will be a watershed moment in decentralization and may be the first time the common person realizes a benefit from the blockchain running in the background.

 

 

 

A New Source of Energy Using Low-Energy Fusion of Hydrogen

A new paper from Ed Storms, Research Scientist, with LENRGY, LLC, a Santa Fe, New Mexico company, has been published in Environmental Science: An Indian Journal.

Received: March 06, 2017; Accepted: March 19, 2017; Published: March 22, 2017

Citation: Storms E. A New Source of Energy using Low-Energy Fusion of Hydrogen. Environ Sci Ind J. 2017; 13(2):132.

Abstract:  This paper describes the claim for energy production based on the so-called cold fusion effect. Reasons are given to explore this energy source based on the need for such clean energy and the observed behavior. Chemical energy alone has powered civilization until relatively recently when nuclear fission power based on uranium became available. Efforts are now underway to go the next step on this path using nuclear sources by harnessing the fusion of hydrogen. The first attempt using the so-called hot fusion method has not been successful in producing practical power. Furthermore, the required generator is expected to be impractical as results of its complexity and size even after the many engineering problems are solved. Perhaps a different approach is needed. Fortunately, a new method to cause fusion using a simpler method was recently discovered; only to be widely rejected because it conflicts with what is known about nuclear interaction. This paper addresses this issue by summarizing some of the evidence supporting such a novel fusion reaction.

Brillouin Energy Looks to Raise $15 Million in Equity Financing by June

Brillouin Energy is looking to raise $15 million in new equity by June 2017, according to a MergerMarket report uploaded on Brillouin’s website.

Brillouin Energy, a Berkeley, California based clean technology company, is in early discussions to raise USD 15m in equity financing, CFO David Firshein said.  Brillouin’s goal is to complete the Series C raise by June, Firshein said. The company’s pre-money valuation is just over USD 60m, he said.  Brillouin is developing an ultra-clean, low cost, renewable energy technology that can produce commercially useful amounts of thermal energy from Low Energy Nuclear Reactions (LENR).

The company is seeking both strategic and financial investors, Firshein said. It has alreadyattracted interest from both venture firms and corporates, but it does not yet have a lead investor for the round, he said.  Proceeds from the raise will support further development of Brillouin’s renewable heat energy technology and will make the technology market ready, the CFO said. The company expects to be cash flow break-even in about a year, he added.

Brillouin is already generating some revenues based on licensing agreements it has in place, the CFO said.

The company has two licensing agreements one with a South Korean company active in the infrastructure sector and another with a company that operates in Canada, he said.  Brillouin was founded in 2009 and has total funding of approximately USD 11m. Its most recent round of USD 7.75m closed at the beginning of March. James Farrell, managing director at Beyond Carbon Energy was lead investor for the round.  Brillouin’s technology includes a method of electrical stimulation of nickel metal conductors based on Brillouin’s proprietary control system Q Pulse, according to its website.

Its offering also includes a WET Boiler that can provide commercial and residential buildings with lower grade process heat up to 150°C and a Hydrogen Hot Tube that can provide several scalable non- fossil fuel process heat applications including steam turbine power plants, hydronic heating and desalination of salt water.

 

Bill Gates on Opportunities in Energy

Speaking at Columbia University, Bill Gates told the crowd that if he were to drop out of school today, there were three promising fields he might choose: artificial intelligence, biotech and energy.

“Gates said there is a huge and growing demand for energy that’s “reliable, cheap, and clean.” And Gates said there is no system yet today that can provide enough energy that meets those criteria. That’s why he sees energy as an area of opportunity for innovative minds, he told the audience of mostly university students. “The innovations [in energy] will be profound,” said Gates. “And there are many paths to get to where we need to go.”

The full article is published here.  Gates is a quiet supporter of LENR technology and research at Texas Tech and has pledged to spend $30 billion developing alternative energy.  LENR may be one of the paths Gates expects will lead to our energy independence.

XPRIZE Competition to Design Abundant Clean Energy Technology

Link to competition XPRIZE.

Can the way we generate energy be FUNDAMENTALLY transformed?

We believe the world will be much better if global clean energy generation is dramatically improved beyond current choices – and that’s why we’re developing this XPRIZE.

On a planet awash with energy, in a universe where all matter is made of immense amounts of energy (E=mc2), we find our society forced to make bad choices for most of our energy supply from a set of technologies as old as the transistor, not to mention fire.

There are countless reasons why we need new and better sources of energy, from climate change to pollution to poverty and more. The vast majority of mankind’s current energy use is coming from unsustainable and damaging sources. We need something better.

• Low Energy Nuclear Reactions (LENR) of various designs
• Energy generators sourcing energy from Ionosphere/Van Allen Belt/Vacuum
• Energy capture from gravity
• Energy capture from permanent magnets
• More hydrogen generated from water than predicted by chemistry
• Zero Point Energy
• Advanced solar technologies resulting in higher efficiency – eg., optical rectenna
• Reactionless generators and/or regenerative motors