Energy distribution. How Eloncity sees it.

It's no secret that the world is going through hard times. Talk about that soon will begin a real war for resources is no longer a joke. Now there is an active phase of distribution of sources, the powers that be!

In the context of global economic integration, the impact of fluctuations in energy prices and the international situation, as well as economic crises in a single country, cannot be ignored. The creation of a distributed and renewable energy system is one way in which countries try to get rid of excessive dependence on already scarce energy resources.

In most large and developed countries, consumers are free to choose among the most profitable producers and suppliers of electricity in the market. But since traditional electricity supply is centralized with few participants and there is a strong monopoly, it is difficult to come to unified standards for energy transmission. Local authorities lack an understanding of what the development of renewable energy sources will be in the long term. This allows interest groups to set prices at their desired level, which leads to chaotic fluctuations in electricity prices and increased network costs.

In addition, the traditional network uses a centralized forecasting method to manage electricity supply and demand. It is obvious that with such factors as time, season, weather and cultural features, over time, the dynamics of demand and supply of electricity are different. But most power systems are only projected for a few months in advance and use approximate estimates of the price difference when deciding on electricity supply and demand. Therefore, the General public cannot rationally use their energy, which only enhances the effect of peak and low loads.

The centralized model of production, distribution and sale of electric energy; Bad energy management and demand, which introduces error in the calculation of the pricing of electricity and the inability to exactly match the consumption and demand of energy in real time — all this causes a huge waste of resources and energy worldwide.

For these reasons, the introduction of decentralized renewable energy supply systems and the introduction of renewable energy has become a common trend of each country, which is trying to strengthen its position in the battle for energy.

This trend provides a possible basis and broad support for the use of blockchain technology in the energy industry. Many professionals and influencers in traditional energy have begun to consider how to modify a centralized and monopolized network today and how to implement a modernized network with a new business model in the energy industry.

Today, energy blockchain projects that conduct in-depth research on distributed energy and have a sustainable plan, not only received support from venture capital and cryptocurrency investors, but also attracted grants from multinational industry giants.

For example, Japan East acted as an early investor in the startup company Eloncity and hopes to create a common network based on blockchain technology. The German P2P platform Conjoule also received the support of the German traditional energy enterprise, RWE, as well as Japan East.

One of the projects for the supply of energy, based in Singapore, Eloncity, distracting from what was done previously in the electricity sector on the blockchain: using the P2P-model of the energy trading platform for energy trade to address problems with electricity. Is it worth adding that the future of the world's electricity is behind such a project as Eloncity!