In physics,energy is a quantitative nature that must be transferred to the object in order to carry out the work or to heat the object.Energy is a quantity that is maintained.Energy saving laws state that energy can be converted into shape but can not be made or destroyed.The SI energy unit is joule,which is the energy that is transferred to the object of the work that moves 1 meter away to feed 1 Newton.
Electricity is a group of physical phenomena related to the presence and movement of an electrical cabinet.Although originally regarded as a phenomenon separated from magnetism,from the construction of the Maxwell equation,both are recognized as part of a phenomenon of electromagnetism. Electrical energy provides a low entropy of the energy form and can be transported remotely and exchanged with other forms of energy,such as energy-efficient motion light.
Electricity is the level,a unit of the period in which electrical energy is moved by electric circuits.The SI unit of power is watt,a joule for a moment.Electrical energy is usually generated by electric spraying but it can also be powered by sources such as electric batteries,which are usually supplied by electrical networks to the trade and homes by the electrical industry.The electricity supply measures the power of using an electric meter,which stores the amount of electricity that is supplied to the customer.
Bittwatt has broken through bureaucratic barriers through a transparent and efficient solution that uses blockchain technology to eliminate operating costs and transfer speeds and to utilize information from energy supply and demand data in real time.Bittwatt is designed to make ordinary users intelligent users who know and can use network information.
Now we are changing the way we manage the electricity system by building an intelligent and flexible system that is part of all energy sources and enables us to overcome our customers in a balanced and financially balanced ecosystem that is learning and expanding.To this end,we have started to develop a new market for the balancing of electricity and trade,a blockchain that stimulates producers and offers open competition at game level,official website https://www.bittwatt.com/
We envision a world of smart-consumers in a sustainable energy system with minimal costs for all parties,Our mission is to be the first international platform to integrate and facilitate cooperation between all market operators for the benefit of the consumer.
So as to achieve these,we are committed or or have a purpose :
- creating a blockchain enabled energy trading market that is simple, transparent and delivers more value to all its users.
- expanding globally (London,Bucharest and Singapore being already under development)
Case in point of electricity usage :
1.Energy trading between traders or producers and suppliers requires entire days for validation and completion.
2.End consumer consumption is reported monthly in few to no cases do we see real time reporting as a real option.
3.Reporting electricity consumption from suppliers is done with a latency of at least 15 days,so that unbalances cannot possibly be corrected accurately.
4.Energy transit is mandatorily done through the prior booking and setup of cross-border electric lanes,what’s more,once a cross-border lane is booked,it cannot be used by more than a single party as there is currently no system in place to facilitate multi-party transfer.
5.End consumers of the domestic sort must wait at least 15 days to change energy suppliers at most,for purely bureaucratic reasons,this process can take 390 days.
It’s because of all of these reasons that prices increase,with energy transit slowed-down or even inaccessible as a real option due to temporal,financial, or bureaucratic constraints,what all parties in the ecosystem face is a gradual yet unpredictable increase in costs.
For troubleshooting we provide solutions:
-Consumption information (in real-time)
-Energy exchange metrics
-System balancing mechanisms
-Energy trading contracts
-External energy trading contracts
-Energy supply contracts
with into a blockchain technology that allows for instant adaptation to real-world conditions and requirements,for all platform participants in the system.
Special solution in project :
-Cost saving.
-Demand response adjustment.
-Collaboration within a secure,transparent,unified yet decentralized network).
-Significantly speeding up of buying,selling and billing.
-The development of new business opportunities.
-The structuring of an already regulated medium,without the necessity to create new legislation.
Whitepaper : https://www.bittwatt.com/static/files/Bittwatt-Whitepaper.pdf
Bussines Plan : https://www.bittwatt.com/static/files/Bittwatt-Business-Plan.pdf
Facebook : https://web.facebook.com/energyforthe21century/
Twitter : https://twitter.com/BittwattPteLtd
Linkedin : https://www.linkedin.com/company/bittwatt-pte-ltd/
Telegram : https://t.me/bittwatt
Bounty : https://bountyhive.io/browse/Bittwatt
My Account BTT : https://bitcointalk.org/index.php?action=profile;u=395093
Link : https://bountyhive.io/join/Bittwatt
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