The current
energy ecosystem is built around the exchange of what is and is essentially
unstructured information. This means that literally a lot of the types of
documents are used to sell or buy electricity, and the vast amount of ordinary
process goods (be they back or front-end) is actually excessive, and leads only
to higher prices. The energy exchange between merchants (or manufacturers) and suppliers
(B2B) takes days of validation and completion completion, and no decentralized market.
There is no market for
smart-consumer (B2C) from which they can trade unused and select and replace
suppliers based on predetermined criteria.
The reporting of
electricity consumption from suppliers is done with a minimum of 15 days
latency, so that the imbalance can not be corrected accurately or real time.
Energy transit is conducted mandatory through transborder booking and setting. This is the case,
even though the multi-party movement is legal, as well as rational because two
entities (ie one that recognizes unused path paths and the other required
unused path spaces) can make the most of the right use of resources. The final
consumer (of domestic type) must wait at least 15 days to change the supplier's
energy. That is because all of these reasons are rising prices. With transit
energy slowed down or down even inaccessible as a real choice (due to temporal,
financial, or bureaucratic constraints).
Bittwatt is a
platform that connects all market players (producers, consumers) and provides
standard blockchain protocols to share relevant business information, while
creating decentralized services for energy supply, billing and balancing.
The Bittwatt platform is built without intricate bureaucracy by synchronizing consumption metrics and other relevant information within the blockchain. Bittwatt simplifies this operation by removing operational costs and transfer costs, all this in an automated workflow that also optimizes the transfer of energy on an hourly basis, all turning normal consumers into smart consumers. In addition, Bittwatt is built on sustainability considerations: due to energy yields increased through blockchain for all participants, energy waste and energy compaction.
The Bittwatt platform is built without intricate bureaucracy by synchronizing consumption metrics and other relevant information within the blockchain. Bittwatt simplifies this operation by removing operational costs and transfer costs, all this in an automated workflow that also optimizes the transfer of energy on an hourly basis, all turning normal consumers into smart consumers. In addition, Bittwatt is built on sustainability considerations: due to energy yields increased through blockchain for all participants, energy waste and energy compaction.
This platform
simplifies the demand response mechanism on the grid through seamless
transactions that are not subject to trust issues - all thanks to blockchain
technology. Bittwatt encapsulates a set of core capabilities that enable
scaling of each brand's needs or location on its network. With Bittwatt, power
plants, suppliers, consumers and other operators can contribute to ensuring
energy is no longer wasted.
The system also
empowers all participants to create environmentally friendly and sustainable
energy practices, which do not compromise the convenience of modern humans.
Bittwatt
enables fast transparent and credible settlement between
market participants. Based on consumer profiles, Bittwatt matches demand with
market supply every hour of every day. Bittwatt uses Artificial Intelligence
(AI) to learn and adapt to what the grid says. This enables a demand-response
system that simplifies supply for all parties, from power plants to savvy
consumers. Bittwatt integrates regulatory and data information shared between
energy suppliers, grid operators and savvy consumers - bridging the real-world
software and business ecosystem.
By using Ethereum as an abstract base layer, Bittwatt is able to implement all the features and rules of the protocol immediately become smart contracts, which are then deployed and processed by the network. Bittwatt will develop an ERC20 token with eighteen digits after the decimal point and ticker symbol BWT This will be the foundation for all operations within the ecosystem.
Total token
inventory is 400,000,000 BWT.
1 BWT token represents a transferable token token equivalent of 1 kWh.
Tokens BWT can be used to pay for electricity on the Bittwatt platform, regardless of geography or suppliers (As long as energy suppliers are Bittwatt partners).
1 BWT token represents a transferable token token equivalent of 1 kWh.
Tokens BWT can be used to pay for electricity on the Bittwatt platform, regardless of geography or suppliers (As long as energy suppliers are Bittwatt partners).
For more information please visit links :
website: https://bittwatt.com/
twitter: https://twitter.com/BittwattPteLtd
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