Recent evidence suggests that the energy industry is on the verge of radical change. In truth, the revolution or evolution of the energy system is already underway. The latest advances are primary related to renewable energy sources. Clean energy technologies, however, are still facing some obstacles to their adoption. That is, introducing green energy in developing countries produces significant expenditures, and this with no guarantee that the consumers will adopt it. Given the critical importance of the mass adoption, there is an urgent need to stimulate behavioural change. In the light of these challenges, ApolloChain sets a goal to enable a shift towards the use of the clean energy while elaborating a blockchain-enabled energy trading platform.
Distributed systems for energy generating
ApolloChains applies a fairly new economic concept for distributed generation. This concept has been proven to pay dividends both for suppliers and customers. As for electricity suppliers, they can fill in niches in a new market. Customers, in turn, can choose the electricity service that is optimally suited for them. Distributed energy systems are indeed flexible in several aspects, such as price behaviour, efficiency improvement, etc.
Unlike wholesale market where electricity is traded in advance, ApolloChain network will operate with real-time trading. That is, ApolloChain will use the market to match the real-time demand with the electricity supply. It will also allow for peer-to-peer electricity trading due to the local micro-grids within the whole smart grid layer.
The structure of ApolloChain
The combination of three technologies was used to elaborate a platform: blockchain, artificial intelligence and smart grids. ApolloChain's network will link customer demands to electricity selling parties. For this, three layers will be enabled on the platform, referred as a blockchain, a trading and an extended data layer.
Smart grids
Smart grids will be used to support and guide the design of the trading market. The aim of the smart grid is to manage the electricity use while providing all necessary data, including pricing, electricity measuring, as well as communication flow. In addition, Smart Meter, a customized device will enable data communication and power monitoring while measuring the amounts of electricity. Data collected from the system will be analyzed thanks to smart grids and further utilized for a new set of management rules. This strategy should help users maximize energy savings.
Electricity trading
Alongside real-time electricity trading, ApolloChain will offer electricity pre-sale. That is, the amount of electricity required can be purchased in advance. For this, Smart Meter will freeze the desired amount from the smart contract. Otherwise, electricity will be traded closer to real time.
SESS system
ApolloChain introduces the smart energy storage system (SESS) to provide energy storage and enable interactions between the storage and generation systems. The backbone of the SESS is the combination of conversion and storage technologies, that help balance the energy demand and supply.
Token Sale Plan
ICO dates will be announced on the official homepage of the project:
In order to tackle the increasing electricity demand, a number of projects, including those enabled with blockchain technologies, has been recently introduced to the market. In this light, smart grids allow for implementing new consumer devices as well as efficient energy management. Targeting a more dynamic energy demand, ApolloChain proposes a power distribution model, based on modern technologies for energy conversion. For this, an integrated system of smart meters alongside data management will advance the network. For the convenience of customers ApolloChain is designing its own mobile application.
Links:
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[01 May, 2018 - 01 September, 2018]
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Facebook: https://www.facebook.com/apollochain
Medium: https://medium.com/@apollochain
Reddit: https://www.reddit.com/user/apollochain
Instagram: https://www.instagram.com/aplchain_official
Telegram: https://t.me/apollochaingroup
Whitepaper: https://clck.ru/Dtidf.pdf
Website: http://www.apollochain.io
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.
Great post, I have to look more into ApolloChain. I Just posted a review of a project with similar goals focusing on increasing efficiency of renewable integration in energy grids. Bet you never heard of them (NRGcoin) and its because they dont care about marketing, just development. Would appreciate your thoughts on the project; https://steemit.com/blockchain/@altcoin-analysis/the-best-energy-coin-you-ve-never-heard-of-no-marketing-no-ico-no-hype-just-development
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Thank you for your comment. As you point out in the article, there are many projects in the field. The fact that it has little marketing is not a point in its favour. How are people supposed to know what the project is about and whether it is really any good? But if it is connected with Enervalis then it is certainly worth watching.
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I think what puts them ahead is the working technology. They have papers released showing the working demo and multiple pilots committed in Europe. I think marketing will take care of itself as its used more.
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As you might have noticed, they have a solid team as well. Nevertheless, projects related to the energy industry and clean resources in particular have never been easily approached, have they?
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