Energy is a topic which has been discussed for years and will be discussed as long as the mankind lives on this planet. The emerging markets are overwhelming vintage focuses on quality. In the meantime, the mechanical increase and natural problems are moving the world’s power mixture. At the moment, unlike in the past, the power technology should regulate to satisfy our demand for an inexpensive strength with success.
As matters stand these days, the present energy surroundings are labored around the commercialism of what's, for the most part, unstructured facts. This suggests honestly inestimable varieties of archives are applied to each supply or get electricity, and an inevitably large amount of legacy paperwork is in reality which is monotonous, and lead merely to greater prices.
What is Bittwatt?
Bittwatt is the platform that is aiming to change the style of operating electricity structures by introducing a sensible, versatile system. It will generate the foremost of all energy bases and permits us to surpass our clients’ needs in a very composed and monetarily effective system that analysis and evolves. So as to try and do that cause, it had been begun developing a greenhorn marketplace for electricity leveling and promoting. Bittwatt is blockchain enabled that encourage makers and release appropriate competition on a stage playground. The Bittwatt team aims to supply this positively new and particularly fee-effective strength system to anybody by means of 2022. This may well be accessible to all or any and varied within the business no matter the size strolling new technologies on business with most well-liked packages. This marketplace structure is meant to approve users (producers, suppliers or investors) in applying leveling methods, and Bittwatt can offer very little intervention to the gizmo as a System Operator (SO). Dynamic electricity surroundings have such a big amount of issues, this is often because of its miles designed round the alternative of what's, for the most part, unstructured facts.
Bittwatt Ecosystem
Bittwatt stage and application settings are industrialized ranging from the initial level, a stable structure, consolidating the need to enumerate the facility yield, at a similar time as approximating the remuneration.
Bittwatt Solutions
Bittwatt is capable of providing better solutions for the following problems prevailing at the moment.
- Multiple parties’ share data – multiple participants can view shared information.
- Multiple parties update data – multiple participants can take actions that need to be recorded and change the data;
- The requirement for verification – participants can trust that the actions that are recorded are valid; Intermediaries add cost and complexity – removal of central authority record keeper intermediaries will reduce cost (e.g. fees) and complexity (e.g. multiple reconciliations);
- Interactions are time-sensitive – reducing delay has a business benefit (e.g. reduced settlement risk, enhanced liquidity);
- Transaction interaction – transactions created by different participants depend on each other;
(Source: Bittwatt project whitepaper)
Bittwatt products and services
Electricity billing / payments / forecast
- Billing: opens the possibility of significantly reducing human error and administrative costs normally associated with this type of transactional activity.
- Payments: Debt collection for energy suppliers is somewhat complicated but Bittwatt’s solution will make things easier and faster.
- Forecast: Designed for a broad range of users, the solution offers automatic, configurable and manual modes so users can retrieve forecasts and modify scenarios interactively.
E-Mobility & Energy Roaming
With the concerns raised by the ecologists and the health organizations, it is the duty of every human to move ahead with the green concepts and Electric vehicles are an essential part of the solution to meet climate sustainability goals and energy targets. These are far more energy-efficient than the vehicles run with hydrocarbons while enhancing air quality and noise levels reduction in densely populated urban areas.
Arbitrage Energy / Exchange
The app designed for the smart devices is capable of leveraging the energy storage allowing to make purchases when the prices are low and to use or resell when prices climb up.
Peer-to-peer Settlements
The platform provides a many-sided framework for energy cooperation which is exclusive and legalized under the international law. It will promote the energy security without violating the principles of sustainable development, respecting national laws and sovereignty over energy resources.
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Author's Details:
Bountyhive Username: Rajivw
Energy conservation, bridging the future demands, sustainable development, etc. are some of the key topics discussed by the intellectuals for many years. Bittwatt would be a better solution for most of these issues prevailed for a longer period. Thanks for articulating these vital information about it.
It is a unique project and the concept also somewhat different from what you generally see in other projects. This uniqueness will take it a long way.