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Global Energy Saving Service Chain

Discover the world's first free-running incentive energy-saving model powered by blockchain technology. Read our white paper to understand the products, platforms, tokens, and network architectures of the Global Energy Saving Service Chain (GESC).

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Global Energy Saving Service Chain

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  1. Global Energy Saving Service Chain The world's first free-running incentive energy-saving model based on the block chain technology

  2. To readers The white paper aims at elaborating on the products, business plans, platforms, tokens, partners and network architectures of the GESC (Global Energy Saving Service Chain). Still in the early development stage, the block chain technology is relatively complicated, which always suffers misunderstandings. In the overall business model, the differences between the data model, core technology, token economic model, financial industry, trading links, and venture investment also present the characteristic of complexity. With the purpose for guaranteeing that all readers gain a better understanding of the while paper, it will give an appropriate explanation for the relevant technical terms and mathematical formulas. What the GESC(Global Energy Saving Service Chain) involves is not only a pure concept or products with low practicability. On the contrary, GESC not only possesses complete business logic and application scenarios, but also makes the implementations come true, based on the foundation model of investment big data, data finance and innovative investment model. Thus, fruitful results has been achieved. The founder, development team as well as operation team all know clearly that it is not easy to make investment products and investment scenarios based on the GESC concept and ensure the security of investors and the simple operations. The white paper does not constitute contract sales or any contract for the purchase of securities, with no laws, tax administrations or commercial advice involved. Partial contents in the white paper is of perspectiveness, of which such expressions as “may”, “will”, “should”, “project”, “expect”, “believe”, “prepare”, “hope” and “continue” are used as forward-looking statements. These expressions cover the anticipatory actions and performance targets of the GBEC, and known and unknown risks, uncertainties as well as other important factors related to actual results, performances or gains, which play different roles in the future results, performances or achievements. However, there is no any expression or guarantee involved in the future performances or forward-looking statements.

  3. “Clear waters and green mountains are mountains of gold and silver” On September 7, 2013, President Xi Jinping said in an important speech entitled "Build Solid Friendships Between Peoples for a Better Future" at Nazarbayev University in Kazakhstan, China gives priority to ecological environmental protection. And we want clear waters and green mountains as well as mountains of gold and silver. We prefer greens mountains and clear waters rather than mountains of gold and silver, and clear waters and green mountains are mountains of gold and silver. It’s not wise to pursue the temporary development of the economy at the expense of the ecological environment.

  4. Preface - energy saving is a long-range program With the constant advancement of the society and the development of science and technology, people become increasingly concerned about the earth we live on, and there are more countries in the world that have been aware of the importance of the environment in human development. Effective measures have been adopted to improve the environment and reduce pollution. However, to conserve energy is the most pressing issue. To solve the energy problem fundamentally, energy saving is a key and also the most direct method with high effectiveness, in addition to exploring new energies. In recent years, more efforts have been made in the energy-saving technology and product development, gaining a huge achievement successfully. Energy conservation aims to strengthen energy management, and reduce energy loss and waste during the process of energy production and consumption with the technically feasible method, which is reasonable for the economy and acceptable for the environment and society. In this way, the energy can be used in an effective and rational way. Feasibility in technology means that it can be realized on the basis of existing technologies; rationality in economy indicates that an appropriate input-output ratio is crucial; acceptance for the environment means that it is necessary to save energy and reduce environmental pollution, of which the indicators should meet the environmental requirements; acceptance for the society means that the normal production and living standards are unaffected; effectiveness is to reduce energy loss and waste. Energy conservation is a long-term development strategy for sustainable development in China and the world, and is the basic national policy in our state. In the past 20 years, great changes have taken place in human social activities and economic behaviors. As the Internet technology gets constantly developed, information exchange becomes faster, and work efficiency is higher. Besides, the timeliness and authenticity of information and the way that users get information have changed dramatically. Historically, the global energy-saving service model has developed in a centralized pattern. In this circumstance, such problems as revenue delay and confirmation exist in the energy-saving behaviour, and the relations between the energy-saving service providers and energy-saving beneficiaries are hard to be balanced. Therefore, there is a long way to go for the confirmation and authentication of energy-saving services. Nowadays, as the block chain technology gets involved, energy-saving services have solved the problem of information collection through intelligent hardware, and start to realize information confirmation based on the decentralized model, revenue distribution and services. The cost will be lower and the incentive way will be more independent in the global energy-saving industry, with high transparency, real-time trading and clearing and reliable security. The blockchain era of global energy-saving services is on the way. 4

  5. Introduction to the GESC project • GESC (Global Energy Saving Service Chain) is the first industry chain in the world that has innovated free-organization motivating service and remodeled the values in the energy-saving service industry with the blockchain technology and decentralization mechanism. GESC has built a new self-incentive service model through token stimulation, and drives the ecological roles like service providers, demander, partners, and platform operators to build, share and win the ecological network with the method of community autonomy. Based on the community consensus of ecological services, ”providing energy-saving services is mining”, GESC conducts process supervision and service remodeling of global commodities through Jinengbao energy-saving intelligent hardware and the ecological community of global commodity service. Besides, it has issued GEST based on the digital token of GESC, which is conducive to the operation of the entire ecological decentralization. And based on a large number of service data and transaction data generated by intelligent hardware and trading systems, the intelligent operation engine and free-running stimulation model have been established, and the closed loop has been made for integrated energy-saving services. • GESC (Global Energy Saving Service Chain) holds that the existing energy-saving service models are of optimized feasibility, and the service behavior of all service providers is a kind of action “providing energy-saving services is mining”. The team hopes that the modern management organization theory is used for the blockchain miner economy, and through the reasonable incentive and punishment mechanisms (the token consensus), the co-constructors of the energy-saving ecological service can turn to be a high-efficient decentralized organization spontaneously. The issue of the current tokens of GESC should be used to stimulate service accumulations and circulations in the entire ecological environment, and a large energy-saving service ecosystem should be built, which includes hardware provision, settlement, maintenance, operation engine construction, energy saving realization, and other services. GESC will distribute the equivalent GEST by service workload, which will stimulate the progressive optimization and improvement of the entire ecology, and at last, the free-operation incentive model will be built in the entire industry. • GESC circulation token, called GEST for short. GEST provides services for all the ecological roles in the global energy-saving service chain, as the fundamental token in the circulation service ecosystem of the GESC. It builds the circulation service consensus mechanism through the mechanism "providing energy-saving service is mining", so as to break the unequal service and revenue and build the free-operation service model. • ES-DAO (Distributed Autonomous Organization by Energy Saving) is an organizational model based on decentralization technology. It operates through the distribution mechanism reached in the general smart contract of the GESC, and makes stimulation realized by the circulation token of the GESC. ES-DAO can help all kinds of energy-saving behaviors around the world build the service ecosystem concerning the free-operation incentive model, achieving service upgrades. 5

  6. Catalogue To Readers Clear Waters and Green Mountains Are Mountains of Gold and Silver Preface - Energy Saving is a Long-range Program Introduction to the Global Energy Saving Service Chain Project Catalogue 1. Project Background - Global Energy-saving Service Industry     1.1 Definition of Energy-saving Service Industry     1.2 Supports for Energy Conservation in Countries Around the World     1.3 The growing energy-saving market     1.4 Subdivision Types of the Energy-saving Market     1.5 Great Potentials for Boiler Energy-saving Market     1.6 Current Issues in the Industry     1.7 Energy-saving Service Failure Cases 2. Remolding the Energy-saving Service Market With a Decentralized Model     2.1 History of the Blockchain Development     2.2 Great Revolution Brought by the Decentralized Technology     2.3 Three Major Unresolved Problems in the Energy-saving Service Industry     2.4 Technical Advantages Under the Decentralized Model     2.5 Blockchain Layout and Development Cases in Energy-saving Field    2.6 Blockchain Layout and Development Cases in Energy-saving Service Field 3. Overall Framework and Scenario of the GESC     3.1 Ecological Compositions of the GESC     3.2 Jinengbao - Decentralized Energy-saving Smart Hardware     3.3 Wise Energy-Using decentralized Service Platform     3.4 General Smart Contract for the Global Energy-saving Service Industry     3.5 Intelligence Engine in the Energy-saving Industry Based on Big Data AI 3.6 Ecological Wallet for Energy-saving Service 3.7 Eco-stabilized Coin for Energy-saving Service 3.8 Energy-saving Financial Service Center     3.9 Self-operating Motivation Model of ES-DAO

  7. Catalogue 4. Technical Framework and Technical Solutions for Energy-saving Service Chain     4.1 Basic Technical Framework for the GESC        4.1.1 Chain Technical Framework for the GESC        4.1.2 Data Storage Alliance Chain Framework for the GESC        4.1.3 Overall Path Framework for the GESC     4.2 Technical Solutions        4.2.1 Multi-network Communication Module of Intelligent Hardware        4.2.2 New Technological Innovation Based on DAG+ Intelligent Hardware        4.2.3 Data Decentralized Storage of Energy-saving Service Platform        4.2.4 Evolution from DAO to DAC        4.2.5 Multi-node Mode        4.2.6 Authentication of Node KYC        4.2.7 Encrypted Data Interaction        4.2.8 Introduction to IBM Hyperledger     4.3 Basic Technical Framework for the GESC        4.3.1 Chain Structure of the GESC        4.3.2 Main Chain Collaborative Technology        4.3.3 Consensus Mechanism - Based on Dpos-based Service Consensus Node        4.3.4 Consensus Mechanism Extension: Service Consensus Node 5. Token Economy of Global Energy-saving Service Chain     5.1 Energy-saving Consensus upgrade Under the ES-DAO Mode     5.2 Dual Token Mode of the GESC     5.3 Consensus Mechanism of the GESC     5.4 Growth Forecast of GESC Dual Token     5.5 Multi-level Innovative Financial Products 6. Introduction to the GESC Project     6.1 Token Distribution of the GESC     6.2 Instructions for Capital Use     6.3 Foundation Framework     6.4 Current Implementation Status     6.5 Development Roadmap 7. Disclaimers

  8. Project Background - Global Energy-saving Service Industry 1.1 Definition of Energy-saving Service Industry Energy saving and environmental protection industry aims at conserving energies and resources, protecting environment, developing circular economy and providing technology and equipment, products and services. From the perspective of source decrement, process utilization and end treatment, it’s mainly composed of energy conservation, environmental protection and resource recycling utilization, of which the energy saving industry is helpful to guarantee the effective utilization of energies and resources from the front end of industrial activities, and reduce energy input from the source. Besides, the environmental protection industry is to deal with industrial and domestic pollutants, and reduce pollution emissions from the back end, while the resource recycling industry is a bridge between the front-end energy conservation and back-end environmental protection, which is conducive to the internal recycling of resources. As for the service targets, the three sub-sectors of energy conservation and environmental protection can be subdivided into several secondary sub-sectors, of which the energy-saving industry includes such secondary sub-sectors as industrial energy conservation, building energy conservation, transportation energy conservation and living energy conservation and the secondary sub-sectors in the environmental protection industry are mainly atmospheric administration, water treatment, soil management, and solid waste disposal.   (Taking the Chinese market as a case) According to the “Consulting Report About the Market Conditions and Investment Strategy of China’s Energy Conservation and Environmental Protection during 2017 and 2023” released by Zhiyan Consultancy, the energy conservation and environmental protection industry will expand 15% to 20% annually during the period of “Twelfth Five-Year Plan”, which is two or even three times over the growth rate of GDP in the corresponding period. In 2015, the total output value of China's energy conservation and environmental protection industry reached 4.5 trillion yuan. During the period of “Thirteenth Five-Year Plan”, there is still a bright prospect for the energy conservation and environmental protection industry. Some experts have predicted that the growth rate in the environmental protection industry is expected to increase by more than 2 times in the next decade, and the investment scale of the environmental protection industry will exceed 17 trillion yuan, with the average annual growth rate of the output values in the environmental protection industry increasing by more than 15%. By 2020, there will be more than 50 environmental protection enterprises with an output value of over 10 billion. As a great role in economic downturns, the energy conservation and environmental protection industry has undoubtedly become a star industry, which draws the attentions from both the country and investors. The output value forecast of China’s energy-saving and environmental protection industry during 2017 and 2023 (unit: trillion yuan)

  9. 1.2 Supports for Energy Conservation in Countries Around the World In 2017, the National Energy Administration released the “ Thirteenth Five-Year Plan for Energy Development” and the “Thirteenth Five-Year Plan for Controlling Greenhouse Gas Emissions”, which elaborated on the new requirements and expectations for the national energy saving task. The trading mechanisms of electricity acquisition guarantee and the green certificate of renewable energy, carbon trading system, as well as energy saving and emission reduction indicators were issued in a progressive way. In 1992, the US federal government passed a bill, which required the government agencies to cooperate with energy-saving service businesses to conduct contract energy administrations. The bill aimed to reduce the government budget and achieve energy-saving effects. Besides, all federal office buildings were required to save 30% of energies by 2005 (compared with 1985). According to the "Energy Conservation Law" in Japan, all government agencies, high-energy consuming units as well as large and medium-sized enterprises must establish energy-saving management mechanisms, and must reduce energy consumption within a certain time. The energy consumption standard has been stipulated strictly. The enterprises that meet the energy-saving standards will get tax reductions and exemptions, while those that fail to meet the standards will be punished severely. The government pushes the development of the energy-saving service industry, and builds energy agencies in various regions, which provide energy-saving consulting and training services on behalf of the government and collect energy-saving information and spread it to the society, with a top-down energy-saving service system. The tax-free and subsidy measures have been adopted to increase energy-saving enthusiasm in the public. The government takes the policy of tax reduction and exemption on the cogeneration enterprises and enterprises that produce energy-saving products and equipment, and subsidizes the enterprises with energy-saving equipment. In terms of financing, United Bank has built the specialized funding instrument under the state guarantees and subsidies, with loan facilities within a certain time and limit.

  10. 1.3 The growing energy-saving market Energy Performance Contracting is called EPC for short internationally, but called EMC for short in China, which is an energy-saving investment way that pays for the overall cost of energy-saving projects with the saved energy costs. In this way, users can use future energy-saving benefits for the upgrading of factories and equipment, and for reducing the current operating costs and improving energy efficiency. According to the data of the “Report of the Industry Development Prospect and Investment Strategic Analysis of the EMC” released by the Prospective Industry Research Institute, the output value of the EMC industry reached 92.9 billion yuan in 2013, nearly 100 billion yuan, while that of the EMC industry in 2016 reached 160.7 billion yuan. The energy-saving service industry in China is increasingly expanded. According to the statistics of EMCA, by the end of 2015, the number of enterprises engaged in energy-saving service businesses increased at the end of 2010 from 782 to 5,426, with nearly 6 times improved, and the number of employees increased at the end of 2010 from 175,000 to 607,000, with an increase of nearly 2.5 times.

  11. 1.4 Subdivision Types of the Energy-saving Market Electricity Water Coal Natural gas Steam Sewage Compressed air Carbon emission Other energies 1.5 Great Potentials for Boiler Energy-saving Market (Taking China as a case) There are more than 520,000 industrial boilers in use in China, with annual consumption of standard coal of 780 million tons. China is a large energy consumer. At the same time, pollutant emissions from coal-fired industrial boilers are a major source of pollution, of which the annual emissions of smoke, sulfur dioxide and nitrogen oxides account for 33%, 27% and 9% of the total national emissions respectively. Thus, China is also a major source of pollution. Besides, the overall level of boiler thermal efficiency is relatively low, and each boiler has at least 3% to 5% thermal efficiency that can be improved, if the energy-saving technology is used to conduct automatically optimized combustion and energy-saving comprehensive management. Therefore, there is a large room for energy conservation, and the urban smoke can be controlled in an effective way, and thus industrial energy conservation and emission reduction can be guaranteed.

  12. 1.6 Current Issues in the Industry Unfair distribution of energy-saving benefits Hard realization of energy-saving benefits High difficulty in energy-saving diagnosis Poor basis of energy-saving awareness Problems in the energy-saving service industry Traditional statistical methods No-standard service modes -The core issues in the energy saving service industry-

  13. 1.7 Energy-saving Service Failure Cases After the energy management test of the water pumps for users, the energy-saving service providers have proposed the optimal improvement program, of which the transducer is installed on the water pump, and the KBS fuzzy control system is adopted by the whole central air-conditioning system, which is helpful to match the required and supplied cooling capacities in real time, and reduce waste to a great extent. It’s expect to save more than 1 million yuan for customers per year. The service provider will negotiate the charge with the user after providing energy-saving services, and if energy-saving benefits fail to be gained or energy-saving services exert no effect, the user can refuse to pay the negotiation service fee. The energy-saving service provider has made energy-saving diagnosis for a company in south China, and analyzed the overall power consumption by its measurement and calibration tool. The adjustment solution of “deactivating two transformers” is proposed. The company took our suggestions, and purchased the energy keeper to carry out follow-up service and monitoring. If it runs well, the electric charge is expected to be cut at least 800,000. Since the enterprise management team (the real energy-saving implementers) sticks to stereotype routines and refuses to increase the workload (for energy-saving implementation and maintenance), the practical and feasible plan exerts no obvious effect, and the energy-saving efforts made by the enterprise come to naught. 13

  14. The blockchains between 1976 and 2018 Remolding the Energy-saving Service Market With a Decentralized Model 2.1 History of the Blockchain Development Cryptographic algorithm prototype in 1985 Bitcoin prototype in 1998 SAR algorithm in 1976 Peer-to-peer in 1999 1 dollar 1700 bitcoins in 2009 Formation of Bitcoin creation blocks in 2009 Bitcoin proposed by Nakamoto in 2008 File sharing system became the mainstream in 2007 First mining machine First mining area in 2011 Pizza coupon event in 2010 1 dollar in 2011 10 dollars in 2012 Ethereum officially born in 2015 First ATM Bitcoin recognized by Germany in 2013 900 RMB in 2015 100 dollars in 2013 Price of Bitcoin reached record highs in 2017 20000 dollars in December, 2017

  15. 2.2 Great Revolution Brought by the Decentralized Technology Blockchain technology Essentially, the blockchain is a distributed ledger database of the peer-to-peer network. The Bitcoin takes use of the technical framework of blockchains in its underlying structure. The blockchain is actually a series of linked data blocks, of which the link pointer is the block header hash value generated by the block header under the cryptographic hash algorithm. Each data block records a set of tree-like trading status information with the hash algorithm, which ensures that the transaction data in each block are unable to be tampered, and the blocks linked in the blockchain cannot be tampered, either. 1.Basic concept       A complete blockchain system contains many technologies, including data blocks used for data storage and digital signatures and timestamps. There are also P2P network and consensus algorithms of maintenance systems, mining and workload proof mechanisms, anonymous trading mechanisms and Bitcoin wallet, as well as the relevant technological concepts such as chain age, UTXO, Merkle tree, and twoflower. Thanks to these technologies, the blockchain is able to run inexhaustibly on a non-central network, and provide a ceaseless power for blockchain transactions, verification, and links. 2. Data block      The transaction records of Bitcoin are stored in the data blocks, and a block is generated every ten minutes in the Bitcoin system, of which each block usually contains a header and a body. The block header encapsulates such information as the current version number, the previous block address, the timestamp, nonce, the target hash value of the current block, and the Merkle root. The transaction counts and details are mainly contained in the block body. The transaction details are the bookkeeping in the Bitcoin system, and each transaction is recorded in the data block permanently, which is available to all people. 3. Time stamp and non-defective modification       The timestamp is the total seconds calculated from 00:00:00 on January 1, 1970 in accordance with GMT (at 08:00:00 on January 1, 1970 in accordance with Beijing time), which usually refers to a character sequence and identifies the time of a certain moment. In the bitcoin system, the node with the account-keeping right should stamp the timestamp in the block header when linking blocks, and is used to record the write time of the current block data.   The timestamp in each subsequent block can strengthen the previous one, forming a time-increasing chain. Timestamp technology is not really complicated, but it is a great innovation to apply timestamps in blockchain technology. The timestamp provides a time dimension for the future Internet and big data based on blockchains, which makes data easier to be traced and it possible to reproduce history.    And meanwhile, the timestamp can be used as a significant parameter of Proof of Existence, which can confirm that certain data really exist during a certain time. In this way, the blockchain database is irreversible and unforgeable, which also makes it possible that the blockchain technology is used in time sensitive areas such as notarization and intellectual property registration. 4. Distributed database The blocks in the Bitcoin system just like a bookkeeping, record all transaction information of bitcoins, and the income and expenditure situation of each bitcoin user is embedded in the data blocks permanently for inquiry. The transaction data in these data blocks are stored in the client nodes of each Bitcoin user, all of which form Bitcoins and tough distributed database systems. The destruction of any one node will exert no influence on the smooth operation of the entire database, because the complete database is stored in other healthy nodes.

  16. 2.3 Three Major Unresolved Problems in the Energy-saving Service Industry ③ Realization of return values ② Fuzzy return value judgment ① Contradictions between service providers and beneficiaries Due to the particularity of the energy-saving service industry, the GESC team has made in-depth arrangements and communications in terms of details, and concluded the “three impossibilities” in the energy-saving service industry. Contradictions between service providers and beneficiaries As for the standard commercial energy-saving behaviors, the dislocated phenomenon always occurs between energy-saving beneficiaries and service providers, which will reduce the initiative of energy-saving service providers, resulting in the failure of energy-saving services at last. Fuzzy return value judgment In the traditional EMC model, all energy-saving data and value judgments rely on energy-saving contracts and unilateral calculation tools. Energy users always disagree with energy-saving service providers on judgment conditions and value distribution. At present, only energy use has brought about over 95% of earnings in the energy-saving behaviors, which can not realize the values through the third-party institutions like carbon emission exchanges. Realization of return values

  17. 2.4 Technical Advantages Under the Decentralized Model Confirmation of energy-saving efficiency based on intelligent hardware Through the intelligent hardware and blockchain model, a new energy-saving value confirmed system will be established based on the distributed technology, and energy users, energy-saving service providers as well as energy traders will get recognized. Establishment of ES-DAO mode to drive the free-operating of energy-saving services • ES-DAO is an energy-saving self-operating incentive model based on decentralization, through which all energy-saving service behaviors of the service providers will get confirmed and the revenues will be distributed in a rational way. Establish industry circulation scenarios based on GEST circulation tokens • With the token system of GEST as the economic support, a new revenue model in the energy-saving service field will exert effects for energy users, energy-saving service providers, energy-saving platform operators, energy-saving traders and energy-saving channel operators in the ecosystem of energy-saving chains. • The energy-saving engine in the industry may be generated through the professional energy-saving big data analysis system, in which the confirmation data are collected by the decentralized network, and the engine can be upgraded in accordance with the data change. Generate the industry energy-saving engine with industry confirmation data Build the energy finance platform Get through the bottleneck of energy-saving benefits • The blockchain technology can be used for various energy-saving exchanges and energy-saving trading mechanisms. Besides, it helps to implement the existing revenue mechanisms of energy-saving services thoroughly. -Model innovation brought by technological innovation-

  18. 2.5 Blockchain Layout and Development Cases in Energy-saving Field According to Xiao Wei, a chief scientist of Baidu blockchains, the superchain can solve the current energy consumption by inserting and removing consensus mechanisms, which is compatible with the development system of Bitcoin and Ethereum. Baidu launches the energy-saving blockchain, "super chain" The development of Baidu blockchain According to the report issued by China News Weekly on June 3, Baidu, the giant in Chinese Internet released the solution ("super chain") for the energy consumption for the first time. Xiao Wei, chief scientist of Baidu blockchain, said that “the super chain is able to solve the current problem of energy consumption by inserting and removing consensus mechanisms, which is compatible with the development system of Bitcoin and Ethereum”. IBM together with the Chinese partners ended the proof of concept of the blockchains by the end of 2016, and the beta version of the green asset management platform was expected to be released in May 2017. According to IBM, blockchain technology can be used to provide solutions for various problems facing the carbon market. The methods of digital collaboration and smart contracts will be adopted to expand carbon assess development and increase management efficiency. The irreversible data feature of the blockchain technology makes the carbon market more reliable in the eyes of market participants.

  19. 2.6 Blockchain Layout and Development Cases in Energy-saving Field The signing ceremony of the energy blockchain project sponsored by China Merchants Charity Foundation together with TUV Nord, new energy exchanges, Panda Green Energy Group and Huawei was held in Shekou, Shenzhen. It is the world's first community welfare project with the application of the blockchain technology. The project applies the blockchain technology to the new energy field, which echoes the call of “building green technology innovation systems and promoting energy productions and consumption revolutions” proposed in the 19th National Congress report of the communist party. Starting from the energy blockchain project in Shekou, the grand spectacle of energy sharing and interconnection is expanding gradually in the future world, and the “Belt and Road” Initiative with green energy as the kinetic energy is conducted on the way.  Zhejiang Ailimei Energy Technology Co., Ltd. (Service Company of GESC in China) has conducted the energy-saving renovation of many industrial boilers in Wahaha affiliated factories based on the decentralized intelligent hardware and self-operating incentive mechanism, saving millions of energy consumption for Wahaha. Blockchain PIus+ Phase 2: blockchains used for energy conservation, with millions of dollars saved for “Wahaha” Hello, Blockchain Plus+ Phase 2 is coming as scheduled Today we will share the story about Zhejiang Aimei Energy Technology Co., Ltd., which mainly provides the industrial boiler services. We may be unfamiliar to industrial boilers , but they are of great importance in such fields of our lives as electricity, medicine, clothing, etc.

  20. Overall Framework and Scenario of the GESC 3.1 Ecological Compositions of the GESC Decentralized smart hardware in the industry of energy-saving services Universal smart contracts of energy-saving services Energy-saving intelligent engine based on the big data AI Global stable currency in the energy-saving service industry Ecological wallet in the energy-saving service industry Financial service center of energy-saving benefits ES-DAO self-operating incentive model Wise energy-using decentralized service platform

  21. 3.2 Jinengbao - Decentralized Energy-saving Smart Hardware Automatic warning mode Real-time data acquisition OAT automatic update Wisdom energy-using decentralized service platform Energy efficiency measurement Jinengbao smart hardware DAO service confirmation Edge computing AI intelligent analysis optimization Data security cochain 64-bit homomorphic encryption Self-operating mining Jinengbao is a decentralized intelligent hardware sponsored by the GESC, of which the products are deployed on the hardware devices of the energy-saving service nodes. It can make data collections, state analysis, operation supervision and data recording in the whole energy-saving service by docking the common interfaces of hardware devices, and the data gained can be stored in the way of decentralization, so as to ensure that all energy-saving service data are unable to be tampered or confirmed. Thus, the distribution of benefits can be balanced. Jinengbao can provide various operation and service modes, through which various data interaction protocols can interact with the GESC. And the GEST can be generated during the normal operation of the Jinengbao hardware. Thus, a single Jinengbao can be regarded as a basic energy-saving service node.

  22. 3.2 Jinengbao - Decentralized Energy-saving Smart Hardware With the energy-saving automatic early warning function, it is able to give early warnings based on various value data in the process of energy-saving services. Automatic early warning mode Over-the-Air Technology refers to the space downloading technology, which can upgrade the system without any loss. The network including WIFI and 3G is mainly used to download the OTA upgrade package and upgrade the OTA automatically. OTA automatic update The energy-saving data of each node get compacted and stored in a distributed way, and all acquisition behaviors are set as the initial real time. Real-time data acquisition DAO service confirmation Based on the hardware of Jinengbao, the ES-DAO can provide the energy-saving service confirmation for many service providers and upload the confirmation information to the distributed confirmation center. Energy efficiency measurement The digital energy measurement module can be used to demonstrate the energy-saving efficiency of energy-saving equipment through Jinengbao. The hashrate of Jinengbao can be adopted to conduct the on-site analysis of the collected operational data and the energy waste source in the equipment operation can be found out. Besides, the energy saving and emission reduction technical solutions can be formed automatically. Edge calculation Artificial Intelligence will build an energy-saving operation model based on real-time data and edge calculation results, and automatically measure the optimal energy-saving scheme. Analysis and optimization of AI All energy-saving data in Jinengbao are connected into the data cochain through the shortest path Data security cochain GESC is able to encrypt 64-bit data blocks with the 56-bit lock and the 64-bit data blocks can be encoded sixteen times. In each round of encoding, the 48-bit key value can be gotten by the 56-bit key. 64-bit homomorphic encryption Self-operating mining “Providing energy-saving service is mining” is the core consensus of GESC. Each Jinengbao is a energy-saving node based on GESC, which can obtain GEST token automatically.

  23. 3.3 Wise Energy-Using decentralized Service Platform Data storage Service role assignment Contract management Implementation process management Contract management Wise energy-using decentralized serviceplatform Service record center Benefit distribution platform Revenue settlement center The wise energy-using decentralized service platform is a decentralized management platform sponsored by the GESC, which takes the entire energy-saving service ecosystem as the basis, and the whole process model for the energy-saving service is built. Various service nodes will take the wise energy-using decentralized service platform as the core, which provide services for the entire global energy saving service industry through GEST circulation tokens. Project preliminary communication plan Customers recommending Implementation diagnosis Rectification plan and quotation Diagnostic report customer visit Implementation acceptance Field implementation Real-time adjustment Data service tracking Price negotiation Signing Service fee collection in the second year Service implementation in the second year Business follow-up in the second year Service fee negotiation in the second year Follow-up service tracking and expansion Balance payment

  24. 3.4 General Smart Contract for the Global Energy-saving Service Industry Based on the general data upload of the GESC and data storage channels, the basic energy-saving service times will be stored in a distributed manner. General data storage service The homomorphic encryption service refers to an encryption function service, in which the clear text will be encrypted and multiplied and then the corresponding operations will be conducted on the ciphertext. In this way, the data is successfully encrypted. Homomorphic data encryption service Based on various energy-saving scenarios, energy-saving objects and ES-DAO mode, the general energy-saving engine built by the industry service data is able to deploy energy-saving services in the environment quickly. Industry general energy-saving engine Build cooperation with global energy exchanges, and make ceaseless efforts to increase the energy-saving benefits. Besides, based on GEST, conduct energy-saving data transactions and establish owned energy-saving trading platform in GESC. Energy-saving benefit trading service Industry mall Provide platforms for industry service organizations to display various energy-saving related products, including hardware, software and other service products. All products in the mall can be paid by GEST. Multi-ground industry mall Provide various forms of transport protocols for energy-saving nodes, which support the edge computing in various scenarios, and P2P data transmission protocol.

  25.   3.5 Intelligence Engine in the Energy-saving Industry Based on Big Data AI Factory Campus School Hospital The GESC team holds that different energy-saving types or different energy-saving scenarios need different energy-saving service processes, which are called as the energy-saving AI Engine (EAE). All energy-saving intelligent engines operate based on the confirmed big data in the decentralized date storage platform of the GESC. The service providers and the contributors in the energy-saving industry are responsible for providing service logic, which is conducive to supporting the energy-saving objects and scenarios to conserve energies. With the increase and update of the big data, EAE will get optimized automatically and provide better algorithm support for energy-saving services. Buildings electricity water coal steam sewage natural gas

  26. 3.6 Ecological Wallet for Energy-saving Service $ $ Energy-saving ecological wallet Financial platform for energy-saving benefits Mall platform of energy-saving service Self-running incentive service platform Industry information Providing energy-saving service is mining

  27. 3.7 Eco-stabilized Coin for Energy-saving Service Mall purchase 04 01 02 03 Financial Services Legal tender realization Advance service The global energy-saving industry is a huge market with more than one trillion dollars in total, and the service nodes cover various areas in the world. Therefore, based on the overall development requirements of the industry, the internal circulation token is crucial in the industry, which is required to conform to the needs of the entire sector. Sustained and steady Convenient realization Industry-wide circulation Value anchor

  28. 3.8 Energy-saving Financial Service Center. Such problems as poor energy-saving returns, delayed benefits and low values remain to be solved in the energy-saving service market. As the energy-saving indicators are unable to be confirmed, there is no reasonable solutions to these problems in the traditional energy-saving service model. Delayed benefits Poor returns Low returns  Carbon emission trading is an important mechanism, which can apply the market economy to protect environment. Enterprises are allowed to use the reduced carbon emission or take it to trade inside the enterprises or with other businesses at home or abroad, on the condition that the total amount of the specified carbon emission are not reached. According to the 17th stipulation in the Kyoto Protocol, the carbon emission trading is a tradable quota system. At present, there have been seven major carbon emission exchanges in China, including Guangzhou Carbon Emission Exchange, Shenzhen Emission Right Exchange, Beijing Environmental Exchange, Shanghai Environmental Energy Exchange, Hubei Carbon Emission Right Exchange, Tianjin Emission Right Exchange and Chongqing Carbon Emission Right Exchange. The Global Energy Saving Service Chain (GESC) will build deep relationships with major carbon emission exchanges around the world in the future, and make more efforts to establish links at the data level and in the trading field, so as to maximize the benefits for each energy-saving node. Carbon emission exchanges Energy-savings share sale Energy-saving nodes Carbon emission exchanges Energy-saving nodes Energy-saving financial service center Acquisition of Energy-saving benefits Carbon emission exchanges Energy-saving nodes

  29. 3.9 Self-operating Motivation Model of ES-DAO Energy-saving service providers Energy-saving beneficiaries In the traditional energy-saving service mode, the uncoordinated relationship between energy-saving service providers and beneficiaries is the ultimate problem in the entire energy-saving service market. Energy-saving service providers are unable to participate in the distribution of energy-saving benefits of the energy-saving nodes, which will make the energy-saving service behaviors inert and steady. But if the energy-saving service fails to operate smoothly, the energy-saving returns will drop in proportion, and a vicious circle may be formed, which will bring no effects to the energy-saving nodes, turning to be invalid nodes at last. ES-DAO (Distributed Autonomous Organizationby Energy Saving) The service organization of energy-saving nodes operates through smart contracts. The service records, program rules, and return distribution mechanisms of the DAO are all running on the blockchains. There is no actual position or department in the whole organization, and the energy-saving service is provided through the self-operating incentive mode, which eradicates the human influence on energy-saving efficiency, and updates the current energy-saving service mode with a historical significance. On-site monitoring Operational monitoring Condition monitoring Energy saving measurement Energy saving benefit calculation Energy saving analysis report

  30. Technical protocols 4.1 Basic Technical Framework for the GESC 4.1.1 Chain Technical Framework for the GESC DAPP API PC Hardware moblie Presentation layer data center EVD ES-DAO GPA DEVSC DEBSC DEDSC Main chain layer GM1 GM1 GM1 GM2 GM2 GM2 GM3 GM3 GM3 GM4 GM4 GM4 Three side chain layer Data service protocol HIAP HDEP HDTP HDPP DMV HPOTS HWD DDOS-P Data change layer Mine node layer DMVM DEM DDM DEM DDM The GESC team has a wealth of development experience in the centralized platforms and decentralized platforms, and has gained a deep insight into the energy-saving service field. There are five layers contained in the GESC system, of which DEM and DDM mining nodes provide the entire ecosystem with platform and service hashrates at the bottom, and the data interaction layer interacts with three major service side chain dynamic distributions in the energy-saving services, including DEDSC, DEBSC and DEVSC. ES-DAO is responsible for providing the GESC platform with benefit distribution strategies, and data processing results are verified and get chained through the main chain, of which the content will be demonstrated through the presentation layer.

  31. 4.1.2 Data Storage Alliance Chain Framework for the GESC   The underlying energy-saving nodes of the GESC operate based on smart hardware, which should meet the relevant technical requirements such as high concurrency and high implementation. Thus, the team adopts the distributed data statistical alliance chain based on the Hyperledger Fabric for secondary design at the level of internal data distributed statistical processing, which greatly increases the number of TPS and the minimum granular processing unit in the entire distributed system, and is conducive to ensuring the privacy and security of the entire data.

  32. 4.1.3 Overall Path Framework for the GESC Energy-saving nodes Energy-saving nodes Data storage chain of energy-saving service chain Energy-saving management nodes EMC Energy-saving management system Value confirmation chain of energy-saving service chain Member management platform GESC has designed a complete technical access with businesses, data and finance included, for all energy-saving scenarios, which is not only applicable to the existing boilers, but also suitable to the optimal adjustment of various energy-saving objects and and diverse energy-saving scenarios in the future.

  33. 4.2 Technical Solutions 4.2.1 Multi-network Communication Module of Intelligent Hardware Energy Saving Service Chain (GESC) for the energy-saving service industry. Due to the diverse energy-saving scenarios and the severe data interaction environment, Jinengbao applies multi-ground communication modules in the product design in order to support diversified energy-saving service scenarios. The multi-ground communication modules include standard WIFI, Bluetooth, and USB, and will be equipped with advanced technologies such as GPS, 2.4GHz, and 5GHz. In the future, it will dock the point-to-point transmission technologies like SmartMesh based on blockchains. Multi-ground communication modules

  34. 4.2 New Technological Innovation Based on DAG+ Intelligent Hardware  DAG is the directed acyclic graph. "Directed" refers to the direction, the same direction exactly, while "Acyclic" means that the closed loop fails to be formed. However, there is no concept of blocks in DAG, of which the composition units are transactions, and what each unit records is the trading information of the single user. Thus, the time to pack blocks is saved. The verification method relies on the authentication of the previous transaction by the latter transaction. In other words, if you want to get the data service, the previous data service must be verified. And the number of the data services that should be verified depends on different rules. The verification method guarantees that DAG can provide many data services in an asynchronous and concurrent manner, and the topological tree structure will be formed at last, which can greatly improve the expansibility. In many various energy-saving service scenarios of the Global Energy Saving Service Chain (GESC), the platforms are required to be connected with Jinengbao and other hardware devices to make the entire transaction scenario secure, rapid and steady. Thus, GESC adopts the DAG to address the data requests from payment hardware. The DAG's Tangle ledger technology is able to operate asynchronous transaction processing mechanism under the premise of zero transaction cost, achieving efficient decentralization. Directed acyclic graph Energy-saving nodes Energy-saving nodes Energy-saving nodes Energy-saving nodes Energy-saving nodes Energy-saving nodes Energy-saving nodes Energy-saving nodes Energy-saving nodes

  35. 4.2.3 Data Decentralized Storage of Energy-saving Service Platform In order to ensure the reliability of data access for energy-saving service projects, IPFS (InterPlanetary File System) is used to store the files. IPFS (InterPlanetary File System) is a point-to-point distributed hypermedia protocol, which is able to connect all computing devices with the same file management mode together. In a sense, the original idea of IPFS and Web is similar, but in fact the former is more like a single BitTorrent user group that forwards Git targets with each other.  At the same time, the GESC has innovated the IFPS, and the complete information of the single energy-saving node is dynamically split and stored in the storage nodes of IFPS randomly. Besides, the node storage table is secondarily encrypted, which can read and integrate the project data only when the established project presents time points. In this way, the tampered project data and secondary contamination will be eradicated completely.  In the energy-saving service scenario of GESC (Global Energy Saving Service Chain), the energy-saving data provider needs to upload the real information concerning the provided assets, so as to get energy-saving mining services and obtain the GESC circulation token. The blockchain acts as a distributed ledger, with copies on all nodes. If the ledger is too large, the storage capacity of nodes will be insufficient, and the synchronization speed of each node will be severely reduced. In this circumstance, the blockchain is unsuitable for storing the file data (such as pictures). Therefore, the part of the data can be stored outside the blockchain, and the storage information about the mining certificate in the energy-saving service can be placed in the corresponding block on the GESC, which will be encrypted with the hash function and get the timestamp.

  36. 4.2.4 Evolution from DAO to DAC ES-DAO (Distributed Autonomous Organizationby Energy Saving) The service organization of energy-saving nodes operates through smart contracts. The service records, program rules, and return distribution mechanisms of the DAO are all running on the blockchains. There is no actual position or department in the whole organization, and the energy-saving service is provided through the self-operating incentive mode, which eradicates the human influence on energy-saving efficiency, and updates the current energy-saving service mode with a historical significance. DS-DAC (Decentralized Autonomous Corporation by Energy Saving) The organizational system is able to operate autonomously with no intervention and management based on open and fair rules of smart contracts, which usually appear in accordance with the single energy-saving service node. All service provider can turn to be shareholders by purchasing shares or providing services. The shareholders of the system are able to share the benefits of the organization, and participate in the system growth as well as the operation of the energy-saving service system. The Global Energy Saving Service Chain (GESC) has prepared different energy-saving service modes for various energy-saving service scenarios. Based on ES-DAO (Distributed Autonomous Organization by Energy Saving), various energy-saving behaviors will obtain the corresponding proof of workload, which will gain equal returns in the follow-up process of calculating benefits.

  37. 4.2.5 Multi-node Mode Energy-saving service node Energy-saving aggregation node Energy-saving channel node Energy-saving storage node The diversity of the real energy-saving service scenarios has been taken into consideration in the global energy saving service chain, of which the four-layer node model is designed to comply with ES-DAO (Distributed Autonomous Organization by Energy Saving), in order to build the self-operating incentive mode for multi-service energy-saving nodes. If a single energy-saving aggregation node or energy-saving channel node carries many basic energy-saving service nodes, the ES-DAO mode will be upgraded to the decentralized autonomous corporation by energy saving. aggregation node aggregation node main energy-saving chain channel node

  38. 4.2.6 Authentication of Node KYC GESC (Global Energy Saving Service Chain) applies the KYC authentication in order to ensure the authenticity and accuracy of energy-saving service data. KYC is the abbreviation of “Know Your Customer”. KYC is a real-name authentication mechanism, which is mainly used to prevent illegal behaviors such as fake hardware, identity theft, and invalid data upload. Unlike the common KYC, the KYC of GESC includes H-KYC (KYC of intelligent hardware) and U-KYC ( KYC of service provider authentication). H-KYC KYC of intelligent hardware U-KYC KYC of service provider authentication Ring Signatures Condidential Address Ring CT(Ring Confidential Transaction NIZK • 4.2.7 Encrypted Data Interaction Energy-saving service and transaction data are of fundamental values in the industry. And meanwhile, the service data is a confirmation for the service providers in charging service fees. Thus, the team will open a proprietary encryption algorithm in the future. The specific encryption algorithm used by GESC is a block encryption algorithm that encrypts data in each group with 128 bits. The DES is a symmetrical algorithm, in which the same algorithm is used for encryption and decryption. In addition to the pairs of public keys and private keys, the KYC identity should be provided in the decryption process. 128-bit encryption pairs of public keys and private keys KYCidentities

  39. 4.2.8 Introduction to IBM Hyperledger In order to meet the requirements of modern businesses, IBM cooperates with other companies to develop the open-source commercial blockchain framework, called Hyperledger Fabric, which is one of eight Hyperledger projects assigned by LinuxFoundation. Hyperledger Fabric meets the needs of industries in using distributed ledgers on controllable networks, of which the modular framework improves the confidentiality and flexibility of blockchain solutions to a great extent. The blockchain is a shared and non-tamperable distributed ledger that is used to record tradings. Hyperledger aims to promote the development of the cross-industry blockchain technology. Based on the blockchain solutions of Fabric, the blockchain network acts as the back end, while the application program runs as the front end, and the Fabric SDK is used for network communications. The HyperledgerFabric SDK SDK of Java version is provided by the Hyperledger Fabric v1.0. However, the method is provided to execute user codes, query blocks, and events on the Fabric’s Channel and meanwhile monitor the events. Ring Signatures Condidential Address Ring CT(Ring Confidential Transaction NIZK Hyperledger Fabric is built on the modular framework, with three stages involved in the event processing, including distributed logic processing and protocols ("chaincode-similar to Ethereum Smart Contracts"), event sequencing, and event validation and commitment. The processing approach possesses many advantages. For instance, cross-node types require less trust and authentication levels, which is helpful to optimize network expandability and performance. The event process can be seen in Hyperledger Fabric v1.0, as shown in Diagram 1. Starting from the left side of the diagram: 1) the transaction request is submitted by the application program to the authentication economy node; 2) the authentication criteria outline the numbers of authentication nodes for signing the trading request, in which chaincode is operated to complete the request, creating the reading and writing collection; 3) then the authentication node sends the signed request (authentication) back to the application; 4) the application submits the transaction and signature to the selection service; 5) create the trading batches or blocks, which are required to be delivered to the requested verification node; 6) when the requested verification node receives multiple requests, which will be executed separately; 7) verify the authentication method and check the reading and writing blocks to detect contradictions. The blocks will be submitted to the distributed ledger on the condition that both authentications pass, and the update statuses of all events can be reflected in the state database.

  40. 4.3 Basic Technical Framework for the GESC 4.3.1 Chain Structure of the GESC GESC (Global Energy Saving Service Chain) is an application-oriented blockchain product with real grounding scenarios. Thus, it is unnecessary to rebuild the infrastructure of the underlying blockchain, and the existing underlying chain technology can be upgraded to meet the requirements of the application scenario.   And meanwhile, the team has designed the cochain structure based on energy-saving service information of which all cochains are required to comply with the structure. Hader：区块头 -Height：度 -ParetHash：区块哈希值 -Ts：时间戳 -Miner：记账地址 - Service Content：服务内容 - Energy saving data：节能数据 -StateRoot：状态根哈希值 -KycRoot：认证根哈希值 -HardwareRoot：智能硬件根哈希值 -ServiceNum：服务数

  41. 4.3.2 Main Chain Collaborative Technology The blockchain technology is generated based on the synergy of distributed databases, and thus, the confirmation of each transaction needs the simultaneous acceptance of multiple nodes, which makes the computational efficiency of the blockchain much lower than that of the centralized calculation in nature. If the blockchain is only used for confirmation of cryptocurrency (such as, bitcoin) transactions, the time delay is accustomed to be tolerated. After all, bank transfers are not instantaneous sometimes (especially in cross-border transactions). However, when the blockchain technology is applied to record and verify the global commodity trading data, the calculating delay will seriously affect the user experience, and then reduces the usage rate of GESC users. It's hard to imagine that a trading service provider has to wait 10 minutes for confirmation after clicking on the waybill information. In order to accelerate the confirmation speed of uploading the reading proof of trade service providers, and raise the benefit-acquisition speed for global trade service providers, the sidechain technology is used to reduce the expansion speed of the main chain and cut the long synchronization time. • In short, GESC is able to target the trading service information of the main chain in accordance with a certain mechanism, and realize the low confirmation of the reading information on multiple side chains effectively. And the side chains will send the updated blocks to the main chain on the condition that certain requirements are met.

  42. Following node Following node Following node • 4.3.3 Consensus Mechanism - Based on Dpos-based Service • Consensus Node Peer node Peer node Voting node Voting node Peer node Peer node Peer node Peer node Voting node -Formula mechanism diagram of DPoS- As for the GESC, the Delegated Proof of Stake (DPoS) is taken as a consensus mechanism for verifying the information of users between nodes. In the cryptocurrency technology, the consensus algorithm is used to ensure the security and reliability of the entire blockchain network. The well-known consensus algorithms include the PoW used by the Bitcoin network, and the PoS adopted by Peercoin and NXT. However, different from Bitcoin, the stake acquisition in the EATT usage scenario is associated with the contribution of the project-related data, and the computational effort is not a measure of stake distributions. However, the consensus algorithms are unable to solve the performance problem of proof calculations. Especially the PoW algorithm consumes lots of power required for calculation. Therefore, the simply high-efficient consensus mechanism is crucial for us. And DPoS is able to solve the problems of performance and energy consumption in an effective manner according to the DPoS .    Through the reduction of validation requirements, the speed of verification is increased greatly by the DPoS algorithm. As the less integral nodes needs to be verified, unnecessary steps in the signature process can be removed. DPoS blocks are able to accommodate more transactions than PoW or PoS, which makes the trading rate of encrypted digital currencies close to that of the centralized clearing systems like Visa and Mastercard.

  43. 4.3.4 Consensus Mechanism Extension: Service Consensus Node In the most critical consensus mechanism, what the GESC adopts is the consensus mechanism of the DPOS, in which the blocks are created by the reliable users (trustee, ranking top based on the number of votes) elected by the community. It is characterized by short time and high efficiency, with no furcation. It operates like a joint-stock company, in which ordinary shareholders have no access to the board of directors, and they have to vote for the representatives (trustees) to make decisions for them. And meanwhile, the global energy-saving service chain will imitate the platform of EOS in the future, and design the service consensus node of the GESC on the basis of DPOS. The importance of each role in the core ecosystem has been recognized by the GESC. Instead of appointing the unknown consensus node, it chooses to find mature nodes in the existing roles, which is a reasonable choice in operational efficiency and appointing authority.  The GESC consensus node will act as the foundation for building the GESC network, in which the system will get 21 trusted accounts, namely the main investment consensus node of the GESC, and 99 second-level consensus partial nodes (with 50 spare nodes at the same time), which will record all block information of the GESC network. Besides, these nodes are responsible for the issuance and circulation of core tokens, and the consensus nodes will turn to be the service centers of the product system of the GESC in the future. As the main node of the GESC, it is required to lock a certain number of GESTs as node service reserves.

  44. Token Economy of Global Energy-saving Service Chain 5.1 Energy-saving Consensus upgrade Under the ES-DAO Mode Energy conservation is a common preliminary consensus ES-DAO is used to confirm the energy conservation consensus All digital currency economic researchers hold that all digital currencies circulates in line with Metcalfe's Law. That is, the price of the data is determined by the number of active users. In order to measure the correspondence more accurately, the logarithms of the "bitcoin price" and the "square of the active users" are used to make the correlation analysis, in which a perfect linear relation is obtained. y = 1.258x + 16.672. In the same way, the commodity assets possess pure financial attributes that are similar to digital assets, of which the asset values can be quickly authenticated and traded. They are the global assets with high quality, and thus the derivative trading services are also of high investment values. The generalization of commodity assets is to determine the rights of assets and their circulation through the form of circulation certificate. The concept of universalization is to try to reduce the entry threshold of the commodity trading market and allow more potential users to enter the market. However, once the number of active users in the entire market increases, it will inevitably lead to an increase in the total industry.  Environmental protection and energy conservation has drawn the public attention, in which participants have never considered short-term or long-term benefits, and just spontaneously conserve energies because of common values. The emergence of ES-DAO has broken the free property of the original energy-saving behaviors, enhanced the economic value and self discipline of energy-saving behaviors, and encouraged more service providers to accept and offer energy-saving services spontaneously.  Different from the consensus model of other projects, GESC has no necessity to build the new consensus foundation. It only needs to upgrade the original consensus foundation based on ES-DAO, which is conducive to building the more complete consensus basis. The model will be implemented in the B field and gradually expanded to the C-end mass market.

  45. 5.2 Dual Token Mode of the GESC ET GEST GCSS Private chain token of sngle energy saving project Plateform value token Platform circulation token As the only circulation token based on the GESC platform, GEST is responsible for the energy-saving service business of the entire GESC platform. According to the stipulations of GESC, legal digital currencies can be exchanged by GEST through the platform, which can also participate in the whole ecosystem through the model of “proving energy-saving service is mining”, and the GEST can be gained through the contribution of energy-saving service workload. GESS is the value token of the GESC platform, representing the value gains generated by GESC platform in the future. Parts of benefits will be regularly distributed in an equal proportion in accordance with the total amount of GESS, so that all GESS holders are able to get benefits in the platform. In the future, GESS will turn to be the security-type tokens in the GESC platform, and then participate in the STO. The energy-saving service industry is a huge market, in which the service companies in the subdivided areas, energy-saving projects or local markets possess the potentials to be independent markets. Therefore, the ET private chain has been built under the GESC platform, which is the circulation token on the platform of subdivided areas. The ups and downs takes the energy saving benefits in the subdivided areas as supports, and ET can be exchanged with GEST. The GESC is expected to create a safe, efficient and transparent token economic ecosystem based on energy-saving services, and makes the energy-saving service platforms and ecological roles work together to build the community of shared interests and gain mutual benefits. The dual-token model of GEST and GESS is the underlying token foundation of GESC for establishing the community of industry value. The token with two different purposes and the token on the third-party subdivision platform are helpful to balance the token circulations in the community of the entire energy-saving service industry. 45

  46. 5.3 Consensus Mechanism of the GESC POW DAG DPOS The hybrid consensus mechanism is adopted by the GESC, in which the DAG authenticates Jinengbao and the future energy-saving hardware, with POW as the basis of ES-DAO. And the global nodes are set up through the combination of GESC and DPOS. Based on Jinengbao and the future energy-saving hardware DAG POES Providing energy saving service is mining Providing energy saving investment service is mining POEI POW POEE Providing energy saving promotion service is mining The POW of GESC consists of the three proofs of workload, including POES, POEI and POEE. DPOS The energy-saving service industry is a subdivided area with high barriers. And the future super nodes of GESC are likely to be carried out by the global subdivided energy-saving service platform and regional service providers in the initial stage of the project. Therefore, GESC draws on the model of EOS and makes adjustment, while defining the 21 super nodes in the initial stage as energy-saving service consensus nodes. However, they are generated by votes through the global subdivided energy-saving service platform and regional service providers. 46

  47. 5.4 Growth Forecast of GESC Dual Token • GEST value curve • GEST will experience a round of value enhancement in the initial stage of the platform, and its price is likely to increase in a short term. However, as the circulation token on the GESC platform, GEST will be in a relatively stable value state after the stability of GEST, so as to ensure the stability of the GESC platform and make the circulation stable in a long term. • GESS value curve •   GESS is the value token on the entire GESC platform. With the development of the GESC platform, the value of the entire platform will continue to increase, and the circulation tokens of GEST in total will be doubled. Since GESS is able to gain returns with unchanged volumes, and thus the price of GESS will remain in the state of growth, which will be further sped. 47

  48. 5.5 Multi-level Innovative Financial Products Creation energy-saving equity package Energy-saving service fixed investment package Energy-saving project innovation package With the purpose of providing better services for the global energy-saving industry, and distributing the benefits of the entire platform rationally, the GESC offers financial supports to the single energy-saving platform, and introduces three energy-saving packages based on the circulation tokens of GEST. In this way, the investors can exchange the corresponding equity package with the purchased GEST and obtain the benefits of the GEST in accordance with the rules of the package. equity package USDT GEST GEST USDT

  49. 6. Introduction to the GESC Project 6.1 Token Distribution of the GESC Total GEST : 880 million GEST GESS Total GESS: 20 million

  50. 6.2 Instructions for Capital Use Used for the development and upgrade of Jinengbao and the production of supporting software, our hardware products will possess fully independent intellectual property rights and technical patents. Hardware development 10% 35% 25% 25% 5% The chain development is conducted to drive industry chains, decentralized trading systems, ecological wallets and smart contracts of the GESC, with most budget used for the development and deployment of GEST. Chain development In order to ensure the smooth operation of the organization in the process of expansion, we will pay more attention to the process and employ more operational managers. Project operation We will integrate the marketing and focus on the establishment of global cooperation channels. And more efforts will be made to spread it to the energy-saving demanders through the coordination of energy-saving financial products and traditional marketing channels. Marketing Legal compliance is the key to keep GESC successful in a long term. The budget will be allocated into legal costs, which will ensure that we meet all supervision requirements in the subdivided industries. legal counsel

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