ETAINPOWER - Energy Ecosystem Powered By AI

There’s highly centralized industries. We can think of telecommunications, entertainment, computer firms, credit ratings agencies, the Internet search market (Google), agriculture in some countries, and the list goes on. Blockchain is helping in eradicating this monopolistic behavior in most of these industries but today I’m going to be talking about how it’s decentralizing one of the biggest centralized industries: the energy industry. The project that is facing this challenge is called EtainPower.

The problem in the energy industry

EtainPower is a project that is aiming to connect every participant in the energy industry. Energy producers, investors, consumers and power grid operators will be able to connect with each other and distribute the renewable energy infrastructure with an AI powered ecosystem.

So the energy sector has been ruled and driven by conventional energy sources like fossil fuels. But now, recent climate change problems are defying not only the companies but everyone in the planet to adopt a different approach. That’s why renewable energy has been on a steadily growth over the years and growth attracts opportunities.

However, the value chain of the energy industry, whether is conventional fossil fuel or renewable energy requires the same process. The electricity generation, transmission, distribution, trading and supply to the end user. Most companies monopolize this supply chain and this is mainly because projects require big amounts of capital to start the infrastructure. There’s capital for this projects for sure but there’s no investment channels or platforms to gather this capital from various investors. So one company seizes the opportunity and takes control over the energy infrastructure of an entire country usually because there’s also influential power within the government that lets this company take over. This is only for fossil fuel generated electricity. Renewable energy face other problems like the dependency in the weather to supply a balance load of electricity in the power grid.

The solution EtainPower presents

Not only the team has vast experience in the renewable energy sector, but coupled with the benefits of blockchain and AI technology, their proposal to make this industry more efficient has a very unique approach. The EtainPower platform lets energy producers connect with global investors to finance energy projects in a decentralized manner. It works as if it is a futures market for energy. It works like this, capital is raised to construct a power facility, the investors buy revenue from such power facility. This energy selling in other words, can be transferred, with the help of smart contracts, into a token that the company can sell. That’s the utility of the EtainPower token, EPR, that investors can exchange. These tokens will be pegged with the energy value they represent. Then can use then for electricity payment and purchasing of various services within the ecosystem. So if the project is aiming at creating a decentralized and global power grid, this means that you will no longer be Dependant on fiat of your country for electricity. No matter where you are, you can acquire energy through the EPR token. This also lets investors from all over the world to participate in funding facilities no matter where they are located. It democratizes the way we obtain electricity through local providers.

How does it work?

Blockchain technology serves as the database layer of the ecosystem, verifying transactions, inputing immutable data, decentralizing the ecosystem and integrating smart contract technology to define the operational structure. Blockchain technology can build trust in the financing process by proving to be transparent and verifiable. All details of are publicly visible so investors know exactly where their money is going to. It democratizes funding because it allows projects to be built without geographic limitations and without relying on financial institutions.

The token(s)

There’s actually going to be two tokens powering the ecosystem. The EtainPower token (EPR) and PowerPoints. You can think of EPRs as a security and PPS as utility tokens. Although it’s not described like that in the white paper, that’s my understanding of them. The EPR token will be used to finance projects and funnel investors funds into the ecosystem. Holders of EPR tokens will be able to redeem PPS of the projects the funded. EPR is convertible to PPS. Holders of EPR tokens have the right to vote for projects listed on the platform.

The PPS token is the one that’s pegged to the price of one kilowatt hour of electricity generated by the project that was funded with EPR tokens. There’s much more to read about the purpose of PPS like purchasing electrical vehicle rental services, charging station credits and many other services. I encourage you to read more of these two tokens in the white paper and in the website.

White Paper
https://etainpower.io/resource/EtainPowerWhitePaper.pdf

Website
https://etainpower.io/

EtainPower already has begun the plans of a pilot program in the Caribbean Island of Antigua and Barbuda. That’s an awesome feature that will for sure start the company in the right direction.

The AI grid

EtainPower will integrate AI, IoT, machine learning and big data technology to monitor, manage and coordinate all the power generation and consumption generated within the ecosystem. This will minimize operational costs, environmental impact and maximize stability and profitability of the whole ecosystem. The project is ambitious and it is setting the ground work for future development and innovation in the energy sector. You can see a sneak peak of the MVP of EtainPower.

Conclusion

I recommend you to read the white paper to fully understand all the advantages this ecosystem has to offer for the energy sector and also for you, the individual retail investor that could potential benefit from this business model in the early stages. EtainPower has a big challenge to face, and it has a big solution to it as well so I definitely see it being a big player in the future if the development goes as expected. As always thanks for reading.

Join the awesome Telegram community

https://t.me/etainpower_en

Engage in social media

https://twitter.com/EtainPower_io
https://www.facebook.com/EtainPower-216720922246640/
https://www.linkedin.com/company/etain-power-inc./
https://www.reddit.com/user/Etainpower888

Follow the technical development of the project here
https://github.com/EtainpowerIO

Disclaimer: Keep in mind that I’m participating in the content creation bounty campaign. You can join any campaign you would like to participate here: https://bitcointalk.org/index.php?topic=5036393.0 I’m participating with my account https://bitcointalk.org/index.php?action=profile;u=882182 Therefore, I’m not giving investing advice, this article is purely educational in regard to EtainPower.