A blockchain company revolutionizing technology and innovation in Africa.
Cynotrust Intelligent Systems Limited (“Cynotrust") is a Blockchain and Distributed Ledger Technology Company leading the innovation in the African technology revolution. We are registered in Nigeria, the United Kingdom and Dubai in the United Arab Emirates, with plans to expand operations in strategic hubs across the globe.
With extensive expertise in the Energy Sector, Information Technology and Financial Service sector, the team at Cynotrust initiated the development of our proprietary blockchain application product – Mocrow Ecosystem; a platform specifically designed to integrate Distributed Ledger Technology (DLT) onto Energy Sector marketplace (energy [kWh] audit and sales) with the aim of eliminating the sector's devastating inefficiencies and high losses – particularly in Africa and developing regions of the world.”
It is a trustless, transparent and interoperable platform that fully supports Financial Services, Account-to-Account International Remittances, Borderless P2P payments (using fiat and/or digital assets)
Cynotrust's platform so developed is called Mocrow. It is a trustless, transparent and interoperable platform that fully supports Financial Services, Account-to-Account International Remittances, Borderless P2P payments (using fiat and/or digital assets) and a growing range of service-based applications for numerous sectors with an initial focus on Energy markets and subsequently expanding to Aviation, Oil & Gas, Identity Management, Asset Registry and Healthcare just to mention a few.
MCW will be used to validate payments for electricity via a smart contract application service that will forward the MCW to the Energy Distributor and to the Proof of Stake Distribution Smart Contract.
The MCW Exchange will keep a proportion of the issued tokens, ensuring distribution to the local population. These tokens will be used to further develop the ecosystem and build renewal energy solutions, where the green power plants will agree to accept MCW as a payment validation mechanism.
The objective of the MOCROW (MCW) is to introduce a new form of distributed private digital utility token that will aid in payment validation and eliminate the collection losses and fraud for energy payments. Given the national currency situation, Naira’s (=N=) inflation and difficulty gaining access to global markets, MCW is envisioned as a local private utility token which is demanded by more than just the energy consumers of the electricity distribution company.
These customers will get a discount on their bills for making and validating their payments using the MCW token.
These token holders will be part of the bigger MCW ecosystem where green renewable energy can be traded at a discount using MCW.
MCW will leverage the fact that every person, household and business within the energy distribution company’s area of coverage requires electricity as a basic, daily need. By ensuring that the entire population in the franchise area will have use for MCW, we can kickstart and massively accelerate adoption.
While MCW will start out as an energy payment validation mechanism for electricity, it will potentially gain other uses. This will increase demand for, and thus value of MCW in a virtuous cycle. Since the amount of MCW is finite, increased demand leads to increased value.
This whitepaper is a technical document, setting out the current and future developments of the MOCROW Platform, its native-digital asset the MOCROW Utility Token (MCW) and the planned Ecosystem to be built around it. This paper is for information purposes only and not a statement of future intent. The product (MOCROW Ecosystem platform for energy payments validation on the blockchain) set out in this paper has been developed, tested and in deployment phase. Unless expressly specified otherwise, other innovations are currently under development and are not currently in deployment.
Block E, First Floor Bright Start Plaza, 50 Ebitu Ukiwe Street Jabi, Abuja FCT, Nigeria.
Phone: +234 906 086 0185
Creative Towers, Creative City, Fujairah, United Arab Emirate
P.O. Box 4422