Introduction:

Let us go back to the time we discovered fossil fuels and coal. Let us revisit the time when there were no machines, no electricity, no vehicles and no industries. Yes, I am talking about the agricultural age -- where the only thing people knew was to grow food and consumed it. Could you have survived in such a time ? Could you have survived without electricity, and hence without computers, smartphones and social media networks ? Well, neither can I!

The discovery of fossil fuels and knowledge about how we can harness it has changed our lives forever -- and for the better. We invented electricity, we invented the computer, the smartphone and vehicles. We transformed our lives and created an ecosystem where we can live comfortably and accomplish complex tasks by just the touch of our fingers. However, with the advent of the industrial age a lot of things have changed. There has been some serious environment issues. Not only that, the cost of electricity has reached sky high levels and is now out of reach for a certain part of the society.

The Problem:

Our current infrastructure that deals with electricity production and distribution is not at all efficient. The power grids do not have any inbuilt algorithms that can decide the optimum level of power production, generation and distribution. In order to efficiently manage the power grids and production, it is extremely important to analyze the needs of the customers and streamline the distribution in such a way that there is neither oversupply of power nor undersupply of power. These unwanted scenarios will only increase the production cost and put the onus on the end user to pay for it. Also, our primary source of energy currently is the coal for producing power. We all know that it is a non renewable source of energy and hence a day will come that it will be completely depleted. The current infrastructures to harness the renewable sources of energy are not capable enough to replace the power produced from the non renewable sources. This brings in another problem -- the environmental aspect. Burning tons of fossil fuels every single day does not do any good to the environment. In fact it increases the pollution levels and has long term consequences on the environment.

The Solution:

The need of the moment is a unified power generation and distribution ecosystem that can address all of the above problems. Using conventional technologies, we cannot address all the problems at one shot. However, the Eloncity Project has found a solution to all of the above stated problems. It harnesses the power of the blockchain to create a distributed and decentralized power management system. All the grids have inbuilt artificial intelligence algorithms that can address the customized power needs of the different players. This will revolutionize the entire power generating and managing industry once and for all. The efficiency of the system can bring down the cost of electricity as well by encompassing renewable sources of energy to the generating grid.

The team and the ICO:

The team leading the project aims to fund the initial development, maintenance and general outreach through an Initial Coin Offering (ICO). Investors can buy the official token by participating in the ICO. The token will be used for all transactions performed across the ecosystem. Investors can exchange their tokens for other cryptocurrencies through major exchanges. The token is based on the Ethereum blockchain and is a standard ERC 20 token.

The team has multiple years of experience across several sectors. The board of advisors to the project bring in world class strategy to the project. Together, the team can easily deliver on what it has promised.

Conclusion:

The power production and distribution sector is in need of a full makeover. The old technologies and methodologies won't work anymore in this new age. The Eloncity Project has taken it upon itself to address the situation and create a state of the art revolutionary power grid management platform. It will make power production efficient and accessible to the masses as well. I truly believe that this is one of the top projects to watch out for in the blockchain space in 2018!

Website - https://eloncity.io/

Whitepaper -https://drive.google.com/file/d/1dkUNgo1_m4X4gf96rfnwEIN-W4P5HB9c/view

ANN - https://bitcointalk.org/index.php?topic=4465922

Telegram - https://t.me/Eloncity

Published by - smithjones

Profile - https://bitcointalk.org/index.php?action=profile;u=1936039

Identification link - http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=V000262