The authors of the project Eloncity ICO intend to ensure decentralization in the energy sector, creating a transparent network of millions of self-sufficient microsets. The locally generated energy will be available around the clock, which will allow it to compete directly with utilities. Its cost will be calculated by open tariffication. People will be able to use open technologies to make electricity virtually free and environmentally friendly.
Overview of Eloncity goals
Eloncity is a project not so new to the global energy industry, but its authors want to apply blockchain technology to achieve the objectives. They plan to create a decentralized energy system consisting of millions of micro-networks capable of self-sustaining electricity.
Electricity will be produced and distributed throughout the networks around the clock. Such a system will directly compete with existing power supply systems with absolute transparency of the pricing system. Anyone can use the platform for electricity production for free.
The main goal of Eloncity is to solve the universal problem, which affects all without exception. The authors of the idea seek to replace traditional energy systems with an infrastructure of electric grids, consisting of millions of independent and independent micro networks. In this way, clean electricity produced by renewable sources will be available on a regular basis.
This will eliminate the problem of the imbalance of supply and demand for renewable energy sources, which is an actual topic of the past few years. People all over the world face the political and economic challenges of reducing fossil fuels, as well as the problems of producing renewable energy.
The creators of Eloncity intend to use block technology to solve pressing energy problems and benefit all of humanity. The project can lead to the development of virtually free electricity, providing the whole world with affordable and environmentally friendly energy.
Main features of Eloncity
The key features and functions of the project are:
- Trading block system with AI algorithm. Block trading systems make the trade in energy transparent, while the algorithm based on artificial intelligence technology will find a fair market price in real time as a reference.
- Storage systems Smart Energy. Intelligent energy-saving systems, in conjunction with IoT technology (Internet of Things), will compete in local energy markets by ensuring the supply of locally produced renewable energy.
- Switching the DC bus (DCbus). The technology of the new energy system is provided by a constant system for counteracting the peak load.
- Association of household appliances. A new generation of household DC-devices can eliminate the re-conversion of capacity and increase the competitiveness of renewable energy of local production.
- Proof of stored power (PoSp). The new mining scheme provides investment advantages of the ESS class (executive systems).
Development team
The development of the idea is the company Aigrid Foundation LTD. The founder of the project is computer researcher Alibaba Cloud Andy Lee. During 12 years of working in the United States at Cisco, he developed a deep knowledge of the methods of information exchange and conducted extensive research in the field of intelligent network access. In 2014, he founded POMCube, a company specializing in the development of high-performance energy storage systems, driven by cloud computing technologies.
In 2018, Andy created Eloncity to change the multibillion-dollar energy market through the introduction of blocking technology. The products obtained during the development have already been tested in practice.
May 4, 1818 he was invited to the role of speaker and participant of the conference "Global restructuring of energy with the help of a blockbuster."
One of the main partners of the project is the leading consulting firm Krypital Group, which provides professional and comprehensive marketing services in the field of block technology all over the world.
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