Eloncity is a system that unites millions of energy sources into a single whole. Such locally generated energy will compete with utilities, access to it will be 24/7. All participants of the system, built on the block, will know what the actual price of energy consists of. Innovative technologies that will be used here will make electricity virtually free.The energy will be sold by a certain trading system based on the block chain, in which artificial intelligence is used. Trade will be transparent, and a special algorithm for reference work, will find fair market prices in real time. The system will use special energy storage systems IOT. In the network, the peak load will be constantly removed with the help of special equipment. The Eloncity system is fully focused on the community, whose members, in coordination with each other, exchange energy and share equipment costs:
- Solar panels;
- Rechargeable batteries;
- Energy management system.
Thanks to such cooperation, everyone gets access to local energy supply, which turns out to be more efficient economically and reliably. This achieves various benefits - investments return faster, efficiency and so on.
Objective of the project
Eloncity is a model in which it is planned, designed and operated a mass of energy local networks, combined on a platform. Such a project can not be carried out on an individual basis because of its high cost, nor is it desirable for its sponsors to finance their own interests above the public ones.The Eloncity model leverages advanced technologies, rich experience and best practices that create a design that can scale and reproduce, thereby revealing the potential of a community-based micro network, and can resume all the time. All this will ensure a reliable, fair and sustainable development of renewable energy.
The Eloncity model is based on four main points:
- Block-based platform of the distributed registry with open source.
- Token ECT, providing the life of the system.
- Integrated system of energy storage in storage batteries.
- Generators of customers who produce energy.
- Thanks to the open-source block-book, transactional records that are associated with renewable or fossil energy resources and generators of network participants are effectively produced.
The Eloncity or ECT helper allows you to fully share local energy, taking into account the interests of all members of the community. Thanks to its introduction and operation, the process of investment in the battery system (BESS) is accelerating, creating a global open market, through which communities worldwide access all services and products in the field of renewable energy.Thanks to the energy storage system, supply and demand for electricity are balanced, and renewable resources are managed. And the customer generators that are integrated into BESS will satisfy the entire local demand for electricity.
Technologies
The Eloncity block-based platform, based on AI, provides the distributed registry system with efficient recording of transactions that are related to energy services. All actions can be checked and can not be changed. Thanks to the blockade, all records can be tracked, from the source of energy to the consumer. It does not depend on whether the source is renewable or fossil. What allows us to fairly evaluate the electricity, assign a certain price for it, which is justified.Important environmental component, the direction of the system to work with renewable energy sources, during which no greenhouse gases are released. This brings tremendous benefits, asset utilization and economic efficiency are maximized. Intelligent Smart Energy systems allow you to compete with energy corporations.The system will introduce a new line of household appliances. DC-devices will increase the competitiveness of renewable energy.Thanks to the Eloncity token, which is moving along the new algorithms, the energy market becomes open, local producers can exchange energy and resources with each other, while gaining access to a global network of products and developments in the field of renewable energy. Such an open market is beneficial for users and energy suppliers.
ICO Eloncity
Today the team has organized a bounty program, which will last from June 8 to August 2, 2018. This is allocated 1.5 million tokens Eloncity.Innovative technologies of the system are more reliable than conventional ones, thanks to the decentralized architecture of power supply and the ability to make predictions of destructive events, avoid them, reduce their impact to a minimum and quickly recover after completion.Eloncity's design includes several wind farms and BESS, which acts as an arbitration body that maintains the stability of energy generation and distribution, and also stabilizes power consumption for various failures. In case of force majeure, the BESS system will provide the entire community with electricity during the time it will take to eliminate the accident.
Team
The head office of the start-up is located in Singapore. The team consists of experienced developers.
- Founder Andy Lee;
- Vice President Michael Nguyen;
- Director and lead architect Justin Wong;
- Director of Marketing Gregory Liu;
- Project Manager Allen Dean;
- System Verification Manager, Haichuan Yang.
References
- Website: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000495
- Whitepaper: Final_Release.pdf
- Telegram: https://t.me/eloncity
- Twitter: https://twitter.com/Eloncity_io
- Facebook: https://www.facebook.com/Eloncity-229599404279234/
- ANN: https://bitcointalk.org/index.php?topic=4465922
- Krypital Bounty Group: https://t.me/KrypitalBounty
- Eloncity Group: https://t.me/Eloncity
- Krypital News: https://t.me/KrypitalNews
My unique identification link : http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000206