VALUE PROPOSITION OF ELONCITY

There are limited number of projects that go for ICO with working products. Eloncity is one of those projects that is currently raising money through their inaugural tokensale. The race for renewable energy is going to require all hands on deck. No single project is going to solve the climate change menace all by itself. Nothing less than a combined effort from all parties involved is going to give us a chance of improving the odds of our planet. The complexity of the problem has somewhat been eased by the introduction of blockchain technology and the scope of the Eloncity project is huge covering blockchain, internet of things and a unique working sharing economy.
The traditional centralized grid power production has been the de-facto power business model used around the world. Eloncity offers a working alternative that may change how we power the world for years to come.

There are already platforms which have taken up the challenge of unifying blockchain technology and creation of renewable energy. Eloncity, buoyed by a 3-year old working business model comes up with a novel solution that has working advantages that make it stand out from the crowd. Some of them are listed below.

Autonomy through blockchain
Blockchain (Open and Secured Energy Transaction) is at the core of the Eloncity decentralized power economy model. The blockchain creates a trustless and easily manageable ledger for electricity generation and transactions between the community about the power generated. All this is easily achieved without all the bureaucracy and paperwork that is involved with the current centralized organization.

Collaborative economy
Eloncity creates a common platform that aggregates consumers and producers and a new model of participant the ‘prosumer’(a consumer who is able to simultaneously contribute power to the grid). This interesting dichotomy is what makes Eloncity model particularly great. Echoing a core proposition of blockchain technology which is empowerment of the masses, the power marketplace created empowers the participants in a direct way, peer-to-peer. This opens up limits and opens the trade in power from the current localized model to a global scale.

Consistency and reliability
Maintenance of the current centralized grid structure comes at a very high cost and risk. Not surprisingly, this current power distribution model has a single point of failure. Because all the power is generated and distributed from a single source it is susceptible to emergency events such as power shortages and repair schedules. Not only can a distributed power generation model create an alternative source of power when the mains is out, but this can also create a robust alternative that is not susceptible to likewise failures of its counterpart. As long as there is sunlight or wind energy, there is always going to be a prosumer who can supply the grid.

Economic empowerment
Not only does the participation of the community in power creation empower them through direct benefits of selling the power. The community is also able to ensure a critical cog of the community’s infrastructure is available at all times. This can spur the creation of critical economic components within the locale especially in areas which were marginalized from the centralized grid or which are susceptible to inconsistent power supply.

Others include:
lower costs
increased safety
societal benefits
substantial reduction in the emission of Greenhouse gases
environmental benefits and public health.

Spurring the adoption of electric vehicles

Currently there is a race to make the dream for electric vehicles a reality. This is going to play a huge role in the fight against climate change by reducing the amount of harmful gases emitted by vehicles using the current combustion engine. Organizations can play a pivotal role by encouraging employees to drive electric vehicles with the added incentive of charging from the rooftop solar panels or the organization’s wind farms. It would be very attractive to be able to drive without having to worry about the cost of fuel and have it conveniently taken care off by the workplace.

Eloncity World Tour

One cannot state definitively that Eloncity would be a success but certainly the pieces to contribute to the long term success are there already. Indeed, there are few projects that can just as easily achieve mass adoption such as Eloncity. With an already working product Eloncity is already going a step ahead of other projects by promoting its product in the Eloncity World Tours in Seoul and Beijing. Eloncity will be part of the Krypital projects advertised on the Krypital World Tour. Others include Cybermiles, Arcblock, Egretia and Merculet. You can be a part of the Eloncity project today by meeting them on their roadshow if you stay nearby in Asia. If not, you can be part of the online community following the important links provided below.

Unique identification link Eloncity: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000123
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews