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Who is Mr. H2? Or broadening the view to hydrogen economics
https://doi.org/10.15518/isjaee.2023.05.059-067
Abstract
The development of the global hydrogen industry as part of the new energy sector is largely hampered by the low efficiency of hydrogen conversion and synthesis and the high cost of the final raw materials. Similar problems accompanied by the problems of transportation are tackling global hydrogen trade. A new method capable to ease fundraising for venture projects of hydrogen production is tokenization based on security/utility tokens. Tokens are issued on a popular blockchain network e.g. Ethereum and serve as an independent means of trade and warranties through applicable smart contract (which can also enable stepwise payments), to include a specific type of contract and a unique encryption key. There are pilot projects to tokenize traditional industries, such as, mining – and they turned out to be complex fundraising/settlement tools for participants. The article suggests several use cases for security and utility tokens in hydrogen in order to facilitate development of the hydrogen industry and reduce respective state incentives by raising mass investments and automating future transportation of hydrogen to the global market. It also discusses the future of favorable legislative environment for this kind of financial tool.
About the Author
V. I. Svitanko
International Association of Alternative Energy and Ecology
Russian Federation
Russian Federation
Valentin Svitanko - C-level executive of Russian industrial majors, independent strategy & M&A advisor, MBA, MIPT mentor
Bashkortostan, Oktyabrsky, 452613
Tel.: +7-915-421-35-81
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Review
For citations:
Svitanko V.I. Who is Mr. H2? Or broadening the view to hydrogen economics. Alternative Energy and Ecology (ISJAEE). 2023;(5):59-67. (In Russ.) https://doi.org/10.15518/isjaee.2023.05.059-067
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