Bittwatt - Energy for the 21st Century

Bittwatt provides a standardized blockchain protocol for sharing relevant business information, while creating a decentralized service for energy supply, billing and balancing. We enable peer-to-peer transactions through a secure multilateral framework for international energy cooperation, along with energy arbitrage and exchange through its own developed exchange and trading system.

Platform

NOVEL & TRANSPARENT

Bittwatt is a matchmaking platform that connects all market players (from DSOs to consumers) and provides a standardized blockchain protocol for sharing relevant business information, all the while creating a decentralized service for energy supply, billing, and balancing.

The Bittwatt Platform is built to make do without useless bureaucracy by syncing consumption metrics and other relevant information within the blockchain. Bittwatt streamlines current-day operations by removing operational costs and transfer fees, all this within an automated workflow that also optimizes energy transfers on an hourly basis: it transforms normal consumers into smart consumers.

On top of that, Bittwatt is built with sustainability in mind: as the yield on energy is increased through the Bittwatt blockchain for all participants, energy waste and misuse are stamped out.

P2P SETTLEMENTS

Bittwatt enables fast, transparent and trustworthy settlements between market participants. Based on consumer profiles, Bittwatt matches demand with market offers at every hour of every day.

SMART DEMAND-RESPONSE SUPPLY

Bittwatt uses artificial intelligence in order to learn and adapt to what the grid is telling it. It enables a demand-response system that streamlines supply for all parties, from power plants to smart consumers.

COMMERCIAL PLATFORM

Bittwatt integrates regulatory information and data shared between energy suppliers, grid operators and smart consumers – bridging the broader software ecosystem and real-world businesses.

THE BITTWATT ECOSYSTEM

BLOCKCHAIN WILL REVOLUTIONIZE HOW WE HANDLE ENERGY

The Bittwatt platform as well as its app suit are built from bottom-up into a robust structure,combinining the need to measure the energy output, whilst measuring its price.

Therefore Bittwatt enables the following:

PEER-TO-PEER TRANSACTIONS

A secure multilateral framework for international energy cooperation (in areas such as production, conversion, transportation, distribution, transaction settlements based on smart contracts, and use of energy).

ENERGY ARBITRAGE AND EXCHANGE

With their energy wallet the users can leverage their energy storage capabilities by buying cheap and selling at peak prices with the use of the Bitwatt online cryptocurrency, exchange and trading system.

E-MOBILITY AND ENERGY ROAMING

A single cross-border European charging network for electric vehicles tat enables smart consumer identification and Bittwatt wallet settlement.

BUSINESS

The Bittwatt platform breaks bureaucratic barriers through a transparent and efficient solution that makes use of blockchain technology to eliminate operational costs and transfer fees, as well as make use of insights from real-time energy supply and demand data. Bittwatt is built to transform ordinary, everyday consumers into smart consumers, that know and make use of the information the network can give them.

The system works by analysing smart contracts that link production and/or demand data with energy wallets available on the network. Those smart contracts are the rules by which Bittwatt matches parties with best possible partners, making the legacy energy model a thing of the past. At the same time this new paradigm makes for vastly reduced redundancies and inefficiencies in energy consumption and production, creating an eco-friendly and sustainable outlook for the energy sector.

Key takeaway: We have created a match-making system based on blockchain that both decentralizes and streamlines energy trading. This also create a proper electrical power balancing system, and a fully transparent, 100% secure ledger of transactions and costs for all parties involved.

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Website: https://www.bittwatt.com/
Whitepaper: https://www.bittwatt.com/static/files/Bittwatt-Whitepaper.pdf

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