In order to articulate Tony Koop’s story, it is important to first define some key terms.
Blockchain: a digital ledger in which transactions made in Bitcoin or another cryptocurrency are recorded chronologically and publicly
Cryptocurrency: a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
WRF Models: a numerical weather prediction (NWP) system designed to serve both atmospheric research and environmental forecasting needs. NWP refers to the simulation and prediction of the atmosphere with a computer model, and WRF is a set of software for this.
Tony’s vision is to leverage these technologies to create a platform (Wrfcoin) for cryptocurrency that can be earned based on producing measurements for local weather data. Inspired by transactions between gold, he believes that money shouldn’t be a business but rather a peer to peer exchange with secure privacy.
He also sees Wrfcoin as a way to reduce consumption. Currently, one Bitcoin transaction consumes enough electricity to power 22 US households in one day. This is a lot of wasted computer power! What if instead, the energy was going into collecting data to measure air quality, predict natural disasters and improve weather forecasting?
When I asked Tony what it was like working on his own venture he said, “ I feel extremely fulfilled because I am working on an idea that I fully believe in. I may not have have a lot of money right now, but I am having the time of my life because I feel like I’m using my skills to change the world.”
This is exactly what Impact Hub is all about! Tony is grateful to have a space to host meetings and make connections with other Hub members. He is also grateful for the recent opportunity he had to attend the Web Summit in Lisbon. This giant technology conference attracts people from all over the world which allowed Tony to connect with software developers, other blockchain experts and investors to share his ideas. “It’s a big, crazy idea, but I am going to keep going until it happens!”