September 2021 company update:

Welcome to September 2021 business update. This info has already been released to our Discord community.

Business

We are progressing well with raising funds. The Rowan finance and investment team have requested further development to show the security side of the RREC (Rowan Renewable Energy Certificate).

We have also been working closely with our Footansty making sure we are fully compliant. We are very lucky to have found them. Lawyers that understand cryptocurrency and Energy are hard to find!

Work with the Cambridge University carbon accelerator program continues and is being managed by one of our directors Halam Rose.

Tech development

We continue to patch and harden our infrastructure after scheduled pentests. We are also completing the design for server mingrations bringing all our servers into the same environment.

The Rowan Testchain has been stood up to allow us to prove the RREC functionality to investors. As you should all ready know there is some functionality built ino this tokenised certificate. It needs to be encrypted and the data unusable upon request so as to comply with GDPR regulations. — thjis is a challenge due to the immutable nature of blockchain technology. On top of this they need to self burn after 12 months of being issued to meet carbon offset standards.

This leads me to the news that Rowan will released the Rowan Blockchain V2.0. this allows for faster transactions per second. But also brings better stability and enables the ablove functionality to operate whilst not effecting current transaction streams. This is a priority task for the Dev team.

The national launch

The national launch is delayed slightly as we bring out the latest firmware version fo the smart miners. This fixed some bugs found in th beta launch. It enables us to push updates to and add functionality easier to the boxes too. Plus if the local internet goes down it will store the data for longer.

Dev are progressing this side by side with other mentioned work streams.

The board are uncomfortable launching before upgrades are complete.

Exchange

The tier1 launch is still going ahead — this deal is now done. They have extremely tight security protocols we are working on meeting. We have to jump through their hoops. If we where simply an ERC20 on ethereum that would be fine but by being our own blockchain they have further caution. Being that we are POA blockchain isn’t helping either, as they’re processes are designed for POW or POS. Some of these requirements are driving the Rowan blockchain 2 release.

What we don’t want to do is launch on a new exchange without our tokeniomics model running and in place.

A temporary pump followed by a an inevitable correction is great for the weak handed investors but long term wealth takes time and planning.

Tokenmonics Model: Rewards Vs RWN

I am in discussion with the board to change our rewards platform to reward energy customers with RWN instead. There are several pros and cons to each strategy.

Rowan Rewards: Non-coiners are used to earning rewards from some big names and are compatible with the process.

Rowan Coin as the reward platform. This is obviously great for the crypto currency as it means tokens bought off exchanges. But customers would contact our support team each day their wallets value went up or went down. Which is fine with 50 people but not 10k or even 50k. Plus one of our target democratic are the over 50s. These guys are educated by newspapers that have lead them to believe that crypto is not trustworthy. This could mean we sell less SmartMiner packages.

I will produce a spreadsheet showing the tokenomics model once I’m back at my desk. This should settle everyone who is worried about the price. If you are worried — Chill, the lower price right now is good for all of us. Let the panic sellers dump — Rowan is a long term investment.

Marketing

We will be launching a more robust marketing model once we are nearing the nationa launch.

We have several large publications waiting to write articles about us. But the timing needs to be spot on.

I had to turn down a leading national newspaper article as the timing was not right,. This saddens me as I work hard on these relationships BUT I am sure more opportunities like this will come in the near future.

House Keeping:

Rowan is now fully insured. Staff are back from summer leave this week. The new energy website should progress quickly once everyone is back at work.

New pitchdeck/one pager and white paper are ready for the design contractors and will be ready very soon.

The updated new block explorer soldering energy production and certificates and missing functionality will launch with the new chain.

I thank all our followers for their patience and encouragement. We continue to progress this complicated multithread publication.