ICO ELONCITY Assessment: Free renewable energy project

huyngo3008 (39)in #eloncity • 6 years ago

What is ELONCITY?

ELONCITY is a project not so new to the world energy industry, but they want to apply Blockchain technology. Eloncity wants to decentralize its power system into millions of microgrid grids capable of self-supplying electricity. Electricity will be produced and will be provided locally 24/7, and will directly compete with existing power supply units. Electricity prices will be more transparent. EVERYONE CAN USE ELONCITY TECHNOLOGY FOR FREE ELECTRONIC MANUFACTURING. And so, we can power the whole world using clean energy.

The main goal of Eloncity is to solve a universal problem that affects everyone. Eloncity's project focuses on replacing traditional energy systems with the power grid infrastructure made up of millions of self-supplying micro-grids, and thus makes renewable energy widely available. at all hours of the day. This will address the imbalance in supply and demand for renewable energy, a hot topic in recent years. People around the world have been experiencing the political and economic problems of declining fossil fuels as well as the problems of renewable energy production.

ELONCITY uses blockchain technology to solve energy problems and bring benefits to mankind in general. Eloncity technology will help produce electricity virtually free of charge, thus supplying the world with affordable clean energy.

Andy Li, founder of Eloncity and POMCube, served as ChinaCache's Technology Director and is a computer researcher at Alibaba Cloud. During his 12 years of experience working for Cisco in the United States, Andy developed an in-depth knowledge of information exchange techniques and has since conducted extensive research into intelligent network access. . In 2014 Andy founded POMCube, a company focused on the development of highly efficient energy storage systems controlled by cloud computing. Then in 2018, Andy founded Eloncity, which was dedicated to recreating billions of dollars of global electricity markets using blockchain technology. The resulting products have been put to practical use in the industry.

At the first "Blockchaining The Future" summit in 2018 (22-23 May) held at the W Hotel in Taipei. The summit sponsored by the Yangming Mountain Future Society, founded by prominent Chinese economist Jiaming Zhu, Andy Li, delivered an important speech entitled " "In his talk, Li raised the issue of centralized utility, with only 3% of the world's resources coming from renewable resources. decentralization of power generation, end-users are able to balance supply and demand of the market. Eloncity plans to use blockchain technology to reduce energy costs in different ways. Li explained the principle behind Eloncity's work and described how the cryptographic economy would encourage and promote automated energy trading in real time, entirely in micrograms. He also describes how a price equilibrium can be achieved through a dynamic suppply and demand. Li used a detailed array of data to show how much the cost of distribution would be more reasonable than current prices and that PV systems on the roof would allow local energy generation. higher market competitiveness. Li also introduced how Eloncity protocols can be applied in real life and discuss the basics of energy storage systems. After seeing the potential behind Eloncity's work and the positive impact it may have on the world, many of the participants spoke to Andy Li and expressed interest in collaborating in the future. hybrid.

On May 4, 1818, Andy Li was invited by the 3 O'Clock Entrepreneurship Discussion Group to be a speaker and panelist on "Global Power Restructuring by Blockchain." Discussing the importance of using renewable energy, renewables can help tackle global warming and resolve energy conflicts.