Decentralized blockchain based platform for energy trading
Decentralized blockchain based platform for energy trading
Energy is one of the major issues that effect all of us. We all require the 24-hour energy. As the demand for the energy changes with the advancement in the business world the demand and the consumption of the energy increases. The environmental concerns and the technological advancement rapidly shifting the energy mix of the world. in order to meet this demand, the energy-based industries change their practices they use the other efficient ways in order to produce more energy that helps them to meet the current demand of the energy. They use the hyperpower system and the other sources of the renewable energy that help them to provides the meaningfully larger portions for the market consumption. But still, the energy sector faces some challenges that affect the people and the energy suppliers. These challenges include maintenance of the diversified and the balanced energy mix, expanding role of the biomass in the household heating, assuring the future development of the natural gas supply and the infrastructure, raise of the energy productivity all the despite the fact disputing the energy poverty and the high efficiency of the modernization and cogeneration of the CHP production services. The other issue is that the exchange of the energy between the supplier and the producers takes a lot of days for the validation and the completion of the contract and it is not decentralized. Yet now there is no available for the smart consumers (B2C) from which the consumers able to trade the unused energy and choose and able to change the supplier of the energy based on the predetermined criteria. This complex process and the delays in the completion of the trading process affect all of us and also enhance the cost of the energy. I am sure like me all of you also require the platform that is completely decentralized and solves all our issues related to the energy and provide us the efficient energy. Many governments of the countries require this type of platform to solve their energy-related problem. So, now your wait is over in this post I tell you all about one of the blockchain based platform that solves the issues of the energy.
This platform is named as Bittwatt its first decentralized blockchain based platform for the trading of the energy. It's the platform that links all the energy market players the consumers, suppliers and the producers and provides them the standard blockchain based platform in order to share the relevant information of the business. One of the most efficient features of this platform is that it is designed without the interaction of the bureaucrat. The platform simplifies the energy operations through eliminating the transfer and the operational cost. All the work on this platform is done automatically. This process changes the energy consumers to the smart consumers. This increase the production of the energy as the misuse and the energy waste is removed. All the participant through the Bittwatt ensures that no energy is wasted as its emphasis on the environmentally friendly practices of the energy usage. It enables the transparent, trustworthy and the fast settlement among market participants. It uses the artificial intelligence to ensure the learning and the adoption of what the energy grid is telling.
The price of its token is $0.12, and one token provide 1kwh of energy. To pay the bill in this platform Bittwatt tokens are used. The ICO of the Bittwatt starts from 1 April 2018 and ends on 22 April 2018. So, its best time for you to participant in this platform in order to overcome your energy-related problems.
for more information click below:
Bountyhive Username: @kzbaig
Author: kz06