What Is EDELCOIN

We’ve built a platform to the earth clean and green


An additional function has been added to EDEL blockchains to improve on issues found in previous blockchain models.

POW (Proof of Work) methods used in previous blockchain models lead to excessive mining competition and energy consumption, and while POS (Proof of Stake) methods introduced as its alternative does not require mining, it faces difficulty in inflowing and increasing new users.

To correct these issues, EDEL blockchains utilize a new mining method referred to as Carbon Reduction Mining (CRM) and a respective reward system called PCR. CRM conserves, rather than consumes, energy. Proof of Carbon Reduction (PCR) is a system that rewards users for conserving energy using CRM, proportionally incentivizing efforts of reducingcarbon emissions by quantifying reduced energy and carbon emissions.

Problem

Total global GHG(Greenhouse Gas) emissions in 2016 were 53.4 Gton CO2, of which 35.8 Gton CO2 were emitted by human activities and 15.9% (5.6 Gton CO2) occurred in passenger cars, trucks, buses, and motorcycles.

In 2017, the number of vehicles in the world is about 1.3 billion, and about 100 million vehicles are produced and sold every year. Therefore, GHG emissions of vehicles are expected to increase.

POST-2020, which replaces the Kyoto Protocol that exclusively held developed nations responsible for GHG emissions reductions, requires all signatory nations including developing nations to reach their GHG emissions targets. However, GHG emissions reductions in the transportation must be addressed.

An additional function has been added to EDEL blockchains to improve on issues found in previous blockchain models. POW (Proof of Work) methods used in previous blockchain models led to excessive mining competition and energy consumption, and also POS (Proof of Stake) methods introduced as its alternative does not require mining, but it faces difficulty in joining and increasing new users.

Solution

The International Transport Forum (ITF) predicts an expansion of the role of public transportation and increase in supply of eco-friendly vehicles (electric and hydrogen-powered vehicles) under POST 2020.

In addition, the transportation industry must act on market-based GHG reduction mechanisms such as CDM(Clean Development Mechanism). CDM or other market-based GHG reduction mechanisms for road transport should also be considered, as road transport contribute to a large proportion of emissions.

Reduction of GHG emissions by transportation requires the development and supply of eco-friendly vehicles such as electric or hydrogen cars, but feasible measures must also be taken until such vehicles can be commercialized. Increasing fuel efficiency by Eco-drive is a practical option for individuals.

Eco-drive means reducing fuel consumption and CO2 emissions by improving the way, habit, or manner of running transportations. Also, it was verified that this Eco-Drive not only saves energy and reduces CO2 emissions, but also has positive by-effect in stability perspective such as reduction of traffic accidents by controlling impractical overspeed driving.

As the effects and importance of Eco-Drive stand out, a variety of promotion and activation methods in order to supply and activate Eco-Drive are being studied and diverse campaigns were carried out, but Eco-Drive is still not popularly known to the public yet.

To increase the number of people using public transportation (eco-friendly vehicles) and eco-driving, there must be reward for voluntary participation. Edelcoins blockchain utilize a new mining method referred to as Carbon Reduction Mining (CRM) and a respective compensation scheme. CRM conserves, rather than consumes, energy. Proof of Carbon Reduction (PCR) is a system that compensates users for energy conserved using CRM, proportionally incentivizing efforts to reduce carbon emissions by quantifying energy and carbon emissions reduced by using CRM.

What is CRM (Carbon Reduction Mining)?

Carbon Reduction Mining is performed by actions or methods that reduce fuel consumption compared with baseline and quantitatively measuring the results using CRM devices.

What is CRM device?

CRM device is an easy-to-install device that can be plugged into vehicles. Then it monitors and measures the CO2 emission changes and transmits the data to Edelcoin Blockchain network.

What is PCR (Proof of Carbon Reduction)?

Based on the data collected from CRM device, Edelcoin Blockchain evaluates the data through validation and valuation process to calculate the exact amount of carbon emission reduced. It is called the Proof of Carbon Reduction.

What is Edelcoin Reward System?

Edelcoin Blockchain converts the amount of CO2 reduced into Edelcoins and the coins will be transferred to the owner of CRM device as a reward automatically.

[ How it works ]

OUR IDEA IS SIMPLE.

We want to reward eco drivers trying to reduce CO2 emissions while driving!

1 Just plug-in into eco-friendly public transportation

2 Then all you have to do is use eco-friendly public transport with your EDEL Coin-filled transportation card.

3 Proof of Carbon Reduction (PCR) for environmentally friendly public transit users is measured by the CRM device and transmitted to Edelcoin Blockchain.

4 Edelcoin Blockchain will convert the amount of CO2 reduced into Edelcoins.
EDEL Coins are automatically transferred to the digital wallet of an eco-friendly public transportation user.

technology

CRM Device

CRM Device

Function Monitoring and measuring Fuel consumption
Purpose To collect data on amount of CO2 reduced
Benefit Cost efficient & easy to measure fuel efficiency & CO2 emission
Difference Software algorithm to accurately calculate fuel efficiency and CO2 emissions by using vehicle information and GPS Data.
Patent (pending)
#10-1885674
Real time measurement device for providing data of carbon dioxide output in cryptocurrency rewarding system for compensating for carbon emission reduction with cryptocurrency.

REWARD System

REWARD System

Function Rewarding people according to the amount of CO2 reduced
Purpose To reduce more CO2 and induce more participation of people
Benefit Most cost efficient & efficient way to reduce CO2 emissions
Difference Positive synergy created by combining energy saving. CO2 reduction, and blockchain technology
Patent (pending)
#10-2018-003724
Reward system for carbon emission reduction using cryptocurrency.

BLOCKCHAIN Platform

BLOCKCHAIN Platform

Function Providing non-competitive & non-resource intensive blockchain network
Purpose To build more cost effective. Practical, eco-friendly, and energy efficient blockchain network & cryptocurrency.
Benefit The reduction of CO2 emissions from Carbon reduction Mining proactive participation of people to reduce CO2 by providing rewards according to the amount of CO2 emissions reduced.
Difference Edelcoin blockchain requires the least amount of electricity compared to other blockchain technologies. It also helps people to reduce more CO2 emissions more proactively.
Patent (pending) N/A

Big Data

Big Data

Function Collection & analyzing the data from vehicles
Purpose To utilize the data to get information on each driver’s fuel consumption, CO2 emissions, and road & traffic conditions. To establish more effective & effective decision based on the data.
Benefit When more people use Edelcoin blockchain and Edelcoin, the accuracy of many valuable information will increase. And it will help people to make better decisions in everyday life.
Difference Most effective & efficient way to collect & analyze big data in real time.
Patent (pending)
101763915
System for collecting and analyzing big data by monitoring car’s and road’s conditions

History

HISTORY

2018.03

Started B2G negotiation with foreign government(s)

2018.02

Held international symposium on DATAM Blockchain technology

2018.01

Developed Carbon digger, Proof of Carbon Reduction (PCR) system Developed Blockchain platform for DATAM

2017.12

Established DATAM Eco drive monitoring center in Hong Kong

2017.10

Established DATA M Limited in Hong Kong

2016.02

Started providing eco driving big data solution

2015.07

Participated in government development project -(Eco driving monitoring system server, KTSA)

2014.11

Participated in government development project-(Eco driving monitoring system for public transportation, KICT)

2014.07

Participated in government development project -(Eco driving with GPS module, KTSA)

2013.02

Developed OBD and smart App to collect Vehicle Big Data

2012.12

Established Eco Drive Zone w/ monitoring system in the city of Incheon

2011.05

Started building CDM Base Line

2010.11

Vehicle CDM promotion agreement w/ Swiss Grütter consulting company -(UNFCCC registered)

2008.05

Passed fuel consumption test at the international testing institute -(ICTC, Accuracy=99%) Selected as the official measuring device by the ministry of Environment -(for Fuel consumption, Greenhouse gas)

2007.05

Established MOSOMOTO Co., Ltd. Launched Eco Driving System (iEDS)

BUSINESS MODEL

Updating

PATENT

#10-1763915

System for collecting and analyzing big data by monitoring car’s and road’s conditions

#10-1538354

Method for Making Automobile Driving Record Executed on Smart Phone

#10-1703115

Cruise Control System Implementing Eco-Drive Function Realizing Fuel Efficiency Enhancement In Downhill Section

10-1157864

Method for Making Automobile Driving Record Executed on Smart Phone

#10-0033723

Composition system for carbon emission reduction using Cryprocurrency

#10-0033724

Cryptocurrency Payment System For Providing Discount As A Reward For Carbon Emission Reduction.

#10-1885674

The device to measure greenhouse gases from vehicles

#10-2018-0064539

How to calculate the carbon reduction of vehicles using Deep Learning

OUR PAPER

BROADCAST

white paper

WHITE PAPER

KO

White Paper (KOREAN)

Download
EN

White Paper (ENGLISH)

Download

roadmap

roadmap

  • DATAM concept

    2006 ~ 2017.06

    • 2006.12 : Hypermiling technology development completed (iEDS)
    • 2008.03 : Completed Fuel-cut map creation technology
    • 2008.07 : Completed Eco-diving monitoring technology
    • 2010.12 : Vehicle CDM project co-promotion agreement (Swiss Grütter consulting)
    • 2012.12 : Eco-Drive Zone Installation and monitoring ( Incheon )
    • 2013.02 : Developed OBDⅡand Smart App for Collecting Vehicle Big Data
    • 2013.03 : Eco-Drive Monitoring Center Installation
    • 2014.04 : Development of vehicle GHG monitoring technology using GPS
    • 2014~2015 : Performed government development project (KTSA, KICT)
  • DATAM concept

    2017. 07

    Registered the world's first patent for big-data monitoring system for vehicles GHG emissions

  • DATAM is born in Hong Kong

    2017. 07

    • DATAM Monitoring Center Opened
    • Establish PCR system concept
  • DATAM’s children were born

    2018. Q1

    Introduction and demonstration of PCR system invited by Vietnam Block Chain Association

  • overseas projects

    Q2~Q3

    • 26 April, MPI Lao PDR official Invitation: 4 th Industrial Revolution - DATAM Project Announced
    • June Present and demonstrate a cutting-edge DATAM project in Reina, Switzerland
    • Registered as a UN CCC(Climate Chain Coalition)member
  • Launched ICO & Build PCR-EDEL Platform

    4Q ~ 2019 Q1

    • CRM Device Production
    • EDEL coin PCR compensation system construction
  • DATAM project & service start

    2019 Q2

    • Established Green Pass Card issuing and payment system for EDEL coin
    • The DATAM project will apply for certification as one of the UNFCCC CDM projects.
  • Expansion of DATAM Innovation Technology Project

    2019 Q3

    • Hotel PCR system platform construction
    • Fuel-cut eco-drive zone road project
    • 4th industry eco-convergence project

OUR TEAM

The Leadership Team

team

James Lee

Head and Founder

team

James Lee

Young-cheol, Lee

Head and Founder

  • - Traffic policy expert, environmental activist, businessman
  • - Graduated from the third ROK military academy
  • - Discharged as a captain of the army
  • - A founder and representative of DATAM LIMITED in Hong Kong
  • - Chairman of Smart Eco Inc. and PCR system Inc.
Major activities
- CCC(Climate Chain Coalition) Team Member - Leadership and Partnerships
- Permanent representative of the Korea Future Transportation Association
- Joint representative of Eco Drive National Movement Headquarters
- Secretary General of the International Eurasia Railroad Association
- Chairman of Eco Drive International Rally
Performance in professional field
- holds 7 patents in the field of automotive GHGs (Greenhouse Gases) reduction and automotive engineering
- first to launch projects related to Eco Drive in Korea (2006)
- Eco Drive School Management (2007-2009)
- host an Eco Drive Policy Forum (2007-2012)
- world’s first progress in UN CDM certification (2010~)
- progress a policy project on CO2 Zero Zone project in the field of automotive road (2012)
- establish Eco Drive monitoring center (2013)
- developed the World's First PCR (Proof of Carbon Reduction) Block Chain System (2018)
team

Dr. Paul Jeong

Manager of Engineering Work Project Planner

team

Dr. Paul Jeong

Seung-hyun, Jeong

Manager of Engineering Work Project Planner

Paul Jeong is a Ph.D in environmental engineering. He received doctor degree from Pukyong national university in South Korea.

His major interest covers measurement of eco-driving effects using automobile monitoring system.

He presented 5 papers in the field of eco-driving experiment and calculation. He has 7 patents in the automotive engineering.

He is currently President of PCRSYTEM Co., Ltd. and is an expert in the field of vehicle greenhouse gases in Korea. He worked with James Lee for 15 years on automotive greenhouse gas monitoring. He holds SCI level papers and many papers at home and abroad. He is a technology developer and project planner for DATAM.

He is registered CCC (Climate Chain Coalition) team member as researcher for technology and R&D.

team

Dr. Kwang-ho, Ko

Head of DATAM Laboratory

team

Dr. Kwang-ho, Ko

Head of DATAM Laboratory

Kwang-Ho Ko is a professor of Pyeongtaek University.
He is a Ph.D in automotive engineering. He received doctor degree from Seoul national university in South Korea.

His major interest covers eco-driving method and efficient driving using altitude change. He presented 20 papers in the field of eco-driving experiment and calculation. He has 10 patents in the automotive engineering.

He is known as one of the best experts in Korea for automobile internal combustion engine and eco-drive related fields. He was a member of the eco-drive expert committee of the Ministry of Environment and the Ministry of Land. He has been in the eco-drive business with James and Paul for 12 years.

He is the general manager of DATAM's eco-drive technology development.

He is registered CCC (Climate Chain Coalition) team member as researcher for technology and R&D.

team

Jay Chun

Head CTO

team

Jay Chun

Jin-ho, Chun

Head CTO

Jay Chun is a M.S. in computer engineering. He received his degree from Korea University.
He was a senior researcher at LG Electronics and CTO of Crosstech.

He was responsible for developing eco-drive monitoring devices and CRM devices.

He, James and Paul have been in car surveillance for 10 years.

He is the main author of this white paper and is a developer of PCR systems. He is the general manager of software and hardware development for the DATAM project.

team

YOO WON KYU (ALFRED)

CFO

team

YOO WON KYU (ALFRED)

CFO

KUNKUK UNIV.EDUCATION COLLEDGE

Pre Bachelor

YONSEI UNIV. FLI

English Advance II

KNOU INFOTEK COLLEDGE

Ba. Sci

SEOUL NATIONAL UNIV. TECH.

e-Biz MBA crs

PHOENIX UNIV.

MA crs

POWERTEK ENERGY PTE LTD, SINGAPORE
PRESIDENT DIRECTOR /SEP. 2014 – PRESENT
INDONESIA CHAMBER OF COMMERCE
Marketing Director / JAN 2012- JAN 2014
NOBLE CAPITAL RESOURCES (ASIA) LTD, SINGAPORE
COO / JAN 2012 - present
SHANGHAI FINANCE CAPITAL PTY LTD, HONG KONG
Marketing Director / 2004 Jan-2010 Dec
Castle Music Group (Merged Universal Music Group)
Managing Director (Asia) / Dec 1998- Jun 2001
VOICE & DATA SYSTEMS, INC. Canada (Merged Facebook Telephone)
Marketing Director (Asia) Dec 1998 – Apr 2002
PAMAOUNT PRICTURES GROUP, USA
Licensing & Merchandising Div. Representative Korea Liaison Office / Jan 1997 – Feb 2000
team

Dr. Dong-won, Lee

General Manager of PCR System Development

team

Dr. Dong-won, Lee

Advisor

Dong-won, Lee is a Ph.D in Mechanical Engineering. He received doctor degree from Ajou University in South Korea.

He was a professor at the Ajou Motor College.

He is an advisor of DATAM's eco-drive technology development.

team

Dr. Gab-rae, Lee

General manager of blockchain technology development.

team

Dr. Gab-rae, Lee

General manager of blockchain technology development.

Gab-rae, Lee is a Ph.D in intelligence control. He received doctor degree from Kyungpook National University National University in South Korea.

He is a general manager of DATAM's blockchain technology development.

team

Dr. Tiger Doo

Management Support

team

Dr. Tiger Doo

Ho, Doo

Management Support

Dr. Tiger Doo is a Ph.D in management consulting. He received doctor degree from Pusan national university in South Korea.

His major interest covers management of eco-driving effects using bus monitoring device.

He is currently CEO of U-Car EMS Limited. He is responsible for sales and administration support for DATAM.

team

Dr. In-sung, Jang

Overseas project sales

team

Dr. In-sung, Jang

Overseas project sales

In-sung Jang is a Ph.D. in Business Administration. He received doctor degree from Dong-A university in South Korea.

He is involved in DATAM's overseas projects.

team

Shalom Nguyen

Strategic Specialist & Businessman.

team

Shalom Nguyen

Strategic Specialist & Businessman.

Graduated from Seoul Hoseo Technical College

Business and Foreign Investment Consultancy in Vietnam;

Research and Development Blockchain & Fintech;

Ceo Of Kotra Vina Corporation; A Co-founder of GBA Group (GBA Fintech).

Chairman of FDI Vietnam Corporation;


Major activities

- Permanent representative of the Vietnam Association of Business Culture Development.

- Founding member of the Vietnam National Entrepreneur Associations

- Chairman of Startup Blockchain Fintech Club / Cryptocurrency Exchanges (exc.vn) and Bitnews.vn

team

Ta Thi Mai Phuong

International Project Sales

team

Ta Thi Mai Phuong

International Project Sales

Ta Thi Mai Phuong graduated University of Languages and International Studies with Korean Language Major.

Her Major is specialized in translating languages. With this major, she had lots of experiences interpreting.

Interpretation activities between Korea and Vietnam. (2004 ~ 2010)

Pan Asia Holdings - sales team leader. (2010~2012)

Kovina Elecon Co.,ltd – Implementation of office (2012~2015)

Dep Global – Support for block chain technology development. (2016~Present)

team

Jin Wook Lee

Block chain technology developer

team

Jin Wook Lee

Block chain technology developer

Jin Wook Lee graduated Indiana University with Informatics Major.

His Major interest covers developing block chain development, Cryptocurrencies, Software development, Web development etc.

He is seeking and looking forward to challenging opportunities to apply his existing skills, knowledge and experience, and further enhance them in the process.

He strongly believes that in today’s environment with thousands of vendors and providers flooding the market, it is crucial to orient your sales process around your product’s value to ensure you build quality and trusting relationships with your clients.

team

Tse lemon

Management Support

team

Tse lemon

Management Support

Lemon is graduated high Diploma in hong kong. She is involved in DATAM's overseas projects.

She is responsible for the internal management of DATAM

team

Jae-Hyung Kim

CTO

team

Jae-Hyung Kim

CTO

SKILLS
- Project(Product) Management : H/W, S/W mechanism and production management by product development
- Software Engineering : Embedded System Design, Device Driver, BSP Porting. Embedded CE AP & BSP, RTOS Porting & App Dev.
- Hardware Engineering : STM, TELECHIPS, LSI Logic, Marvel, Freescale, SEC, TI-DSP, ARM, MIPS, PowerPC, COTEX & MICOM
- Programming Languages : C/C++, ASM, Visual C++, Java, Javascript, Objective-C, Html
- Operating Systems : VxWorks, Nucleus, uCOS, Embedded Linux, Embedded CE
- Trainer career : VxWorks Basic, Device Driver & BSP, OS-9/9K Basic & Device Driver, Kernel Porting for Linux
PROFESSIONAL EXPERIENCE
- t5online, inc., Seoul, Korea / CEO (2011 ~ 2018)
- Yamaia Co.,Ltd., Seoul, Korea / SI S/W Dev. & Project Manager (2010 ~ 2011)
- MERITECH Co.,Ltd., Yongin, Korea / SE & Project Manager (2004 ~ 2009)
- AstonLinux, Seoul, Korea / Senior Software Engineer & Project Manager (2000 ~ 2004)
- DaiShin Telecommunication Co.,Ltd., Seoul, Korea / Senior Software Engineer (2000)
- AceTronix, Inc., Seoul, Korea / Senior Software Engineer (1996 ~ 2000)
team

Seong-kook Kim

CIO

team

Seong-kook Kim

CIO

He is a professional programmer. He is also proficient in web design and management. His profile is as follows.

PROFESSIONAL EXPERIENCE
- Sejong Prime Inc. / CEO / System Integration
- KORECEN Co., Ltd. (Biometric authentication) /  Conductor Planning and Coordination Office (2014 ~ 2017)
- Sang-A C&S / CEO / Software Engineering (Fullstack Development) (2007 ~ 2014)
- Triplemedia Co., Ltd. / CTO / Electronic bulletin board development team (2006 ~ 2008)
- DO Information Technology / Manager / Web Service Development Team (2003 ~ 2005)
- Triple i Co., Ltd. / CTO / Development of semiconductor equipment S/W (2002 ~ 2003)
- Korean Linux User Group / Area presidents(Suwon) (1998 ~ 2001)

Advisors

team

Dr. Souli NANTHVONG

Advisor

team

Dr. Souli NANTHVONG

Advisor

Souli NANTHAVONG is a Ph.D in Chemistry. He received doctor degree from French National University.
He was a professor at the University of Dentistry.
He was the Minister of Environment and the Prime Minister's Office and Auditor General of Lao PDR.

team

Ir. Somphone PHANOUSITH

Advisor

team

Ir. Somphone PHANOUSITH

Advisor

Ir. Somphone PHANOUSITH graduated from Quebec Agricultural Economics Department in Canada. He served as the Prime Minister's assistant to Laos and as the permanent secretary general of the National Science Council.

team

Dr. Sung-chul, Choi

Advisor

team

Dr. Sung-chul, Choi

Advisor

Sung-chul, Choi is a Ph.D in electronics. He received doctor degree from Ajou University in South Korea.

He was a professor at the Ajou Motor College.

He is an advisor of DATAM's CRM device technology development.

team

Dr. Man-jun, Kwon

Advisor

team

Dr. Man-jun, Kwon

Advisor

Man-jun, Kwon is a Ph.D in computer program. He received doctor degree from Chungnam National University in South Korea.

He was a professor at the Ajou Motor College.

He is an advisor of DATAM's blockchain technology development.

team

Kyung-bae Kim

Advisor

team

Kyung-bae Kim

Advisor

- TTN Traffic Tourism Cable TV "28 Transportation Sites" Progress and coverage

- MBN Maekyung TV "Motor Life" progress and coverage

- WOW Hankyung TV "Motor Today" progress and coverage

- Former SKYLife "Car & Sports TV" headquarters / general manager

- Current TBN Korea Traffic Broadcasting "Traffic Era" Traffic Expert

- President, Korea Automotive Technology Association

- President, Korea Automobile Association

- Prefectural Eco-Drive Campaign Public Relations Chairperson

- Prefecture TEN Traffic News Headquarters / General Manager and Representative (Traffic Environment TV Co., Ltd

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