Hive Power- Manage your assets using the Hive Power app

novilesta111 (25)in #hive • 6 years ago

Hii... I will discuss about hive power. In this discussion, we first discuss the definition of hive power itself what?

What Is Hive Power

Hive Power is a spin-off funded at University of Applied Sciences and Arts of Southern Switzerland (SUPSI) in August 2017 by a team of researchers active in the field of electrical load management, as a part of Swiss national center for electrical infrastructure (SCCER-FURIES).

Hive Power develops a turnkey solution for the creation and management of local energy communities on the blockchain, providing an economic optimization for their participants by lowering their bills and valorizing their assets. In collaboration with meter producers, Hive Power is building a blockchain ready energy meter, which allows to safely tokenize energy. Differently from its competitors, in addition to the blockchain platform Hive Power also provides an efficient energy trading mechanism perfectly tailored to the use case of energy communities. The HONEY algorithm exploits customers’ flexibility to optimally match production and consumption, such that the community’s welfare is maximized and grid technical constraints are satisfied.
Energy is one of the most basic elements of the universe and It is one of the key elements that without it we cannot do any work, So energy is very important for the world. There is a big possibility for Humankind to face an energy crisis in future, That’s why the world should manage the energy accordingly.
Now let’s pay our attention to the European commission’s vision towards the energy
Consumers and communities will be empowered to actively participate
in the electricity market and generate their own electricity,
consume it or sell it back to the market while taking into
account the costs and benefits for the system as a whole
— European Commission —
Hive power’s vision as they’ve mentioned
”Our vision is to provide everyone with the possibility to create and manage electrical energy communities on the Ethereum blockchain, creating a world of shared energy for a brighter future. For prosumers participating to the energy communities, Hive Power will lower the energy tariffs and reduce the payback time of renewable energy sources. It will allow selling flexibility as a service to system operators, to help them balancing the grid.

Hive Power Concept

We believe that the future electrical grid should be characterized by an increase of energy sharing between prosumers, consumers and electric utilities, optimizing the energy resource and the usage of the infrastructure. In several countries, the current unbundled situation allows the end-users to freely choose their energy supplier. In this context, enabling technologies like blockchain, and more specifically Ethereum, will allow decentralized prosumers to safely buy and sell electricity to each other at negligible marginal costs.
What makes Hive Power unique?
Differently from its competitors, in addition to the blockchain platform Hive Power also provides an efficient energy trading mechanism perfectly tailored to the use case of energy communities. The HONEY algorithm exploits customers’ flexibility to optimally match production and consumption, such that the community’s welfare is maximized and grid technical constraints are satisfied.
How Hive Power Work?
Hive Power runs on the Ethereum blockchain, making use of multi-party off-chain channels for fast and cost-effective transactions. Energy transactions are paid with third-party stable tokens.

Revolutionary Protocol Features
Open Platform
Hive Power platform is open to third-party hardware and software manufacturers
Grid Friendly
The platform design complies with grid constraints on power quality, current limitation and peak shaving
Robust Market
The market design enhances the cooperation between users, promoting the usage of solar energy and batteries
Microgrids
Efficient integration of Hive Power platform in microgrids, enables safe operation and optimal asset management

Achievements
Demo Hive, the first testbed developed by our team and presented during the Energy Startup Day 2017 in Zurich, Switzerland on November 30th 2017
Winning the Pitch Competition held during the Blockchain2Business by Solarplaza conference
Hive Token (HVT)
The Hive Token (HVT) is a standard ERC20 Ethereum token managed by a smart contract. The HVT token is used for the creation and management of Hives, including the registration of Ethereum Meters within a Hive, and participation of the Hive Administrator in the technical governance issues of the Hive Power platform. HVTs have a maximum supply (100’000’000) and will be created only once, during the upcoming crowdsale.
Token Info
Token - HVT
Platform - Ethereum
Type - ERC20
Price in ICO - 1 HVT = 0.25 USD
Bonus
30% Royal Jelly 5'000'000 HVT 1 HVT = 0.192 USD
10% Honey 20'000'000 HVT 1 HVT = 0.227 USD
0% = Propolis 25'000'000 HVT 1 HVT = 0.250 USD
Tokens for sale - 100,000,000
Investment info
Accepting - ETH
Distributed in ICO - 50%
Soft cap - 1,000,000 USD
Hard cap - 11,000,000 USD
Roadmap

More Detail Information About Hive Power :
Website: https://www Oh.hivepower.technology
Bitcointalk: Protocol https://bitcointalk Oh.org / index.PHP?theme=2097220.0
Telegram: https://t.me/hivepower
Facebook: https://www.facebook.com/HivePower
Twitter: https://twitter.com/hive_power
WhitePaper : https://v.fastcdn.co/u/a25ac79a/29853262-0-Hive-Power-WP-1.3.pdf