Bittwatt is a matchmaking platform that connects all market players (from DSOs to consumers) and provides a standardized blockchain protocol for sharing relevant business information, all the while creating a decentralized service for energy supply, billing and balancing.
The Bittwatt Platform is built to make do without useless bureaucracy by syncing consumption metrics and other relevant information within the blockchain. Bittwatt streamlines current-day operations by removing operational costs and transfer fees, all this within an automated workflow that also optimizes energy transfers on an hourly basis: it transforms normal consumers into smart consumers.
On top of that, Bittwatt is built with sustainability in mind: as yield on energy is increased through the Bittwatt blockchain for all participants, energy waste and misuse are stamped out.
platform streamlines demand-response mechanisms in the grid through seamless transactions that aren’t subject to issues of trust – all that thanks to blockchain technology.
Bittwatt encapsulates a series of core capabilities that enable scaling around the needs of each brand or each location in its network. With Bittwatt, power plants, suppliers, consumers and other operators can contribute in ensuring energy is no longer wasted.
The system also empowers all participants in creating sustainable and environment-friendly energy practices, that don’t compromise on modern-day human comfort.
THE BITTWATT ECOSYSTEM
BLOCKCHAIN WILL REVOLUTIONIZE HOW WE HANDLE ENERGY
The Bittwatt platform as well as its app suit are built from bottom-up into a robust structure,combinining the need to measure the energy output, whilst measuring its price.
Therefore Bittwatt enables the following:
PEER-TO-PEER TRANSACTIONS
A secure multilateral framework for international energy cooperation (in areas such as production, conversion, transportation, distribution, transaction settlements based on smart contracts, and use of energy).
ENERGY ARBITRAGE AND EXCHANGE
With their energy wallet the users can leverage their energy storage capabilities by buying cheap and selling at peak prices with the use of the Bitwatt online cryptocurrency, exchange and trading system.
E-MOBILITY AND ENERGY ROAMING
A single cross-border European charging network for electric vehicles tat enables smart consumer identification and Bittwatt wallet settlement.
Bittwatt ROADMAP
ICO
BUSINESS
The Bittwatt platform breaks bureaucratic barriers through a transparent and efficient solution that makes use of blockchain technology to eliminate operational costs and transfer fees, as well as make use of insights from real-time energy supply and demand data. Bittwatt is built to transform ordinary, everyday consumers into smart consumers, that know and make use of the information the network can give them.
The system works by analysing smart contracts that link production and/or demand data with energy wallets available on the network. Those smart contracts are the rules by which Bittwatt matches parties with best possible partners, making the legacy energy model a thing of the past. At the same time this new paradigm makes for vastly reduced redundancies and inefficiencies in energy consumption and production, creating an eco-friendly and sustainable outlook for the energy sector.
Key takeaway: We have created a match-making system based on blockchain that both decentralizes and streamlines energy trading. This also create a proper electrical power balancing system, and a fully transparent, 100% secure ledger of transactions and costs for all parties involved.
TEAM
For more information about Bittwatt Project, please visit the official webpage www.bittwatt.com or connect with us through the social media:
Telegram: T.me/bittwatt
Twitter: https://lnkd.in/g-nPJT4
Bitcointalk: https://lnkd.in/g4Xerwu
Medium: https://lnkd.in/gwjFSa7
Facebook: https://lnkd.in/g9qQBPb
Youtube:https://lnkd.in/gC6UWuc
my bitcointalk name – shans
my bitcointalk url – https://bitcointalk.org/index.php?action=profile;u=1281298
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best project thanks for info
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awesome, I love this project. I appreciate your project
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I like very much this article because I can learn more about the Bittwatt platform.
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Best article. Strong and well coordinated team. Thanks for the info.
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awesome this .I love this project
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Good concept wishing you best of luck
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Great project! Strong team and promising idea.
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