Hive Power, the solution to optimize the use of energy saving, efficiency is vital.

tredwater2018 (25)in #hivepower • 6 years ago

I, like you and everyone on this earth, understand the importance of existing energies that serve our life on earth and how we use it. It does not affect the living environment, it always has green energy, it is sustainable and it is suitable for everyone in the society. gift.
Energy management and utilization projects and programs are receiving particular attention from the international community, especially the use of blockchain technology in exploitation-management-use such as the Hive Power project.
Clean energy is now very important for human health and economic development of a country.
But according to the International Energy Agency, 1.2 billion people globally lack access to electricity. It is estimated that 95% of these people are in sub-Saharan Africa or developing Asia, with 80% in rural areas.
In order to meet the essential needs of people all over the world, to provide clean, low cost, transparent and secure energy to everyone, whether in sub-Saharan Africa or rural areas. Out of such problems, many organizations and businesses have come out to produce, recycle, and utilize clean energy using Blockchain technology in the energy sector.
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.
Hive Power vision is to provide everyone with the possibility to create and manage electrical energy communities on the Etherum blockchain, creating a world of shared energy for a brighter future.
The power sector is facing a paradigm change, moving from a centralized approach with big power plants (hydro, coal, gas and nuclear) leading the energy market to a decentralized scenario adopting distributed energy resources (DER), such as solar and wind.
Hive Power 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.
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