Bittwatt - global platform for solving energy issues!

The world economy is constantly changing. Competition, new customer demands, advances in science and new technologies play a key role in the development of the global economy. Every year to any area meet all the above requirements and the energy sector is no exception.

With the development of technological progress, global electricity consumption is increasing every year. A few decades ago, the main sources of energy were hydrocarbons
(oil and gas) and coal. The problem is that in 20-30 years this raw material will not become on our planet. Traditional sources are replaced by alternative and renewable sources (e.g. water, wind, solar, biofuels, etc.).

Already in our time, we feel the energy deficit. According to experts, world consumption is expected to grow by 45% by 2040. To meet this demand will allow the modernization of the whole sphere. Scientists identify 4 main problems:

1. The solution of the problem of a distributed energy balance;
2. Development of infrastructure and energy supply;
3. Modernization of thermal power plants and their efficiency;
4. Improving energy efficiency in the industry as a whole due to the increasing deficit;

Enterprises partially solve their problems by upgrading equipment by switching to other fuels, ordinary users use energy-efficient appliances. But unfortunately, these are point solutions that cannot solve the problem of the whole industry.

There is also the monopoly of electricity supply in many countries, regions and even cities. Large corporations thus increase their revenues and set reasonable prices for them due to lack of competition.

The energy sector is a global centralized market. Nowadays, the market structure is divided into three categories: producers, end-users and traders. Supply and demand are constantly changing due to many factors. There is a big problem of supply and demand balance.

The solution has already been found! Recently learned about a very promising Bittwatt project that can solve the existing problems of the industry!

Bittwatt is a global platform that brings together all market participants (manufacturers, traders and consumers). The basis of security transparency is the Protocol on blockchain technology. The project allows the exchange of business information creating a decentralized service for the balance of electricity consumption and production.

I tried to highlight what benefits ordinary people and suppliers will get:

1. A fast conclusion of transactions between the manufacturer and the supplier excluding the long test and the bureaucracy;
2. End users will now be able to exchange unused energy and the most important thing is to choose the supplier according to different criteria;
3. Online monitoring of the energy used will help to balance the amount of energy produced;
4. End users no longer need to wait 15-90 days to change supplier.

Bittwatt greatly simplifies routine operations, minimizing operating costs. The performance of the platform is monitored by artificial intelligence, which provides high performance and decides on scaling and further development.

To date, the project already has international offices in London, Bucharest and Singapore. The author of the platform is Christian Hagmann, who has 20 years of experience in the energy sector. He understands all the nuances and difficulties in this area.

At the moment, the stage of fundraising for the development of the project. The development team promises to fully implement and implement the project by the beginning of 2020. The system is based on smart contracts technology using Ethereum blockchain.

The platform is designed to change the way power supply systems are operated, to use energy sources efficiently and to fully meet the needs of customers. It will provide essential competition and lower prices. This will improve the quality of services provided. In my opinion, it is a really revolutionary and very necessary project for the whole world.

More information you can find on these links:

Website: https://www.bittwatt.com/
Telegram group: https://t.me/bittwatt
My bountyhive username: AlekseyCrypto