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Technical Architecture

The penomo protocol is built on a robust technical architecture that ensures security, scalability, and compliance. Our infrastructure is designed to support the tokenization of renewable energy assets, facilitate secure transactions, and provide real-time reporting and monitoring capabilities.

Key Components​

Smart Contract Layer​

The foundation of the penomo protocol, leveraging ERC3643 standards for security token issuance and management. These contracts handle token creation, ownership transfers, compliance checks, and revenue distribution.

Compliance Engine​

A sophisticated system that ensures all transactions adhere to regulatory requirements, including KYC/AML checks, investor accreditation verification, and jurisdictional compliance.

Asset Management System​

Tools for issuers to manage their tokenized assets, monitor performance, and distribute returns to token holders.

Investor Interface​

A user-friendly platform for capital allocators to discover, analyze, and invest in tokenized renewable energy assets.

Data Oracle Network​

A decentralized network that provides real-time data on asset performance, energy production, and market conditions, ensuring transparency and accurate valuation.

Security Layer​

Comprehensive security measures, including multi-signature wallets, encryption, and regular audits, to protect user data and assets.

Technical Specifications​

  • Blockchain: EVM-compatible chains for maximum interoperability
  • Token Standard: ERC3643 for security tokens with built-in compliance
  • Smart Contract Language: Solidity
  • API Integration: RESTful APIs for seamless integration with external systems
  • Data Storage: Hybrid on-chain/off-chain storage for efficiency and privacy
  • Identity Management: Decentralized identifiers (DIDs) for secure identity verification

The technical framework of the penomo platform is designed to provide a simplistic interface for asset owners and investors to trade with each other, with all legally necessary checks and actual transactions happening in the background.

The architecture consists of two platforms (Issuance Portal and Invest Portal), connected to the penomo backend which is interacting with REST API integrations, the blockchain layer and the real word asset data layer.

The usage of blockchain technology and smart contracts is crucial in order to facilitate the transfer of ownership for the securities, record keeping of the assets operational data, as well the settlement of funds, ensuring automation & transparency, while complying with all regulatory requirements.

In particular, penomo leverages the advanced functionalities of the peaq network for the IoT data layer of the protocol, ensuring not only the foundational robustness and security provided by blockchain technology, but also facilitating the unlocking of diverse revenue streams through the integration of peaq ecosystem's revenue enablers to the penomo protocol.

As for the settlement and transfer of ownership over security tokens, penomo protocol is capable to deploy on any EVM-compatible blockchain, such as peaq Network, Ethereum, Polygon and many more.

One thing to be noted is that the web3 ecosystem, which makes use of this technical infrastructure, is by nature a very user-unfriendly space. This is especially true if the user has never heard of wallets, tokens and contracts.

For a platform like penomo it would be detrimental, if requirements for onboarding users would include being familiar with the intricacies of the web3 world.

In order to solve this, penomo's user interfaces minimize the required web3-knowledge of the users and thus open up the participation to everyone interested in either receive financing or invest into green assets. This is partly achieved by a user experience that aligns with conventional web2 investment platforms. Investors for instance register with their email or social media account, do a KYC, and then are able to top up their balance from their bank account in order to make investments.

Another big part of the platform's user-friendliness is achieved by non-custodial wallets that are automatically generated in the background upon first sign in. The specialty of these wallets is that users own their private keys, but do not have the immense responsibility to keep custody of them. Users can simply manage their wallet via the penomo frontend, authorized via the connected email account.