The landscape of sustainable power is fast-changing. The new trends in technology can cause a lot of environmental concerns and everyone should shift from traditional energy sources such as coal and fuel to renewable energy sources such as hydropower and solar powers. Bittwatt is a unifying platform that utilizes the use of blockchain. It is a solution in the exchange of information regarding energy, power supplies, and electric consumption.
Here are the reasons why Bittwatt is a good investment if you are concerned about energy price hikes.
Real time energy tracking. You can only see what you consume at every end of the month. Usually, an electric bill that you receive comes with an exorbitant amount. Bittwatt can change it by giving you real-time information on the energy that you can save each month without waiting for the end of the month bill.
You won’t experience any latency in energy exchanges. Producers and suppliers can complete transactions faster since the system is decentralized. That means that there’s no need for third party validations that will make delays inevitable.
Energy results can be corrected real time. The latency in the current energy trend is about 15 days. In those days, a lot of things can happen including mistakes that can’t be corrected right away.
Decrease in prices. As the energy transit becomes fast, it is easily accessible to the masses. The financial, temporal, and bureaucratic constraints can be prevented if information is transferred over the internet.
You have the option to search for your preferred price, specifications per quantity and type of electricity that you can consume in a month and it will be matched with suppliers that can meet your needs.
Bittwatt can call on plants to increase or decrease their energy output for a specific amount of time. Power plants are defined as the ones that feed electricity and gas into an energy grid.
The system is founded on Ethereum. The current token supply is 400,000,000 BWT or Bittwatt token. This is equivalent to 1kWH per 1 token and it can be used to pay for electricity in the Bittwatt platform.
Removal of a central record keeper and verification. Since the platform is recorded on blockchain, the information of the transactions is available to millions of computers who have access to the ledger for Ethereum. You can rest assured that they are irreversible and safe.
Automated forecasts. You can configure and modify scenarios with other users of Bittwatt interactively. The automatic forecasts means less work for you.
All energy suppliers must meet the requirements before participating. They should have at least 50, 000 customers in their respective countries. They should have 1 million BWT that they personally own. They should provide certificate of incorporation and operational licenses for the following: power plants, and charging stations. They should be able to provide verification about their domestic customers, industrial customers and suppliers. This is to ensure that you will have the option to choose a lot of energy suppliers that will be able to provide you your specific energy needs for the month.
LINKS:
Website: https://bittwatt.com/
Medium article: https://medium.com/@bittwattPteLtd/What-problems-in-energy-sector-are-we-solving-b2ed81b13c98
Medium blog: https://medium.com/bittwatt/bittwatt-7582551a7d4c
LinkedIn: https://www.linkedin.com/feed/update/urn:li:activity:6381527801203347456
Register: https://ico.bittwatt.com/register
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3098153.0
Twitter: https://twitter.com/BittwattPteLtd
Facebook: https://www.facebook.com/energyforthe21century/
Bountyhive Username- Cryptopal
interesting project! good review! I will follow him!
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