RINNO Smart Contracts
RINNO aims to promote and reward energy-efficient behaviours and to attract private financing for deep renovation. This will be achieved by enriching ‘conventional’ ESCO (Energy Services Company) finance models that fail to provide the necessary behavioural incentives to change the behaviour of building occupants.
Crowdfunding schemes and other collaborative financing options will be studied and developed as part of RINNO. These will allow online, disintermediated investments and transactions to be carried out by both private or institutional investors through blockchain-based smart contracts.
Expected benefits: The use of crowdfunding schemes will make deep renovation investments more accessible to a wider range of investors, therefore, increasing capital availability and the building renovation rate. The use of blockchain-based smart contracts will also increase transparency and accountability for all stakeholders, therefore, maximising the economic and environmental outcomes of the renovation.