Bittwatt provides a standardized blockchain protocol for sharing relevant business information, while creating a decentralized service for energy supply, billing and balancing. We enable peer-to-peer transactions through a secure multilateral framework for international energy cooperation, along with energy arbitrage and exchange through its own developed exchange and trading system.
.png)
Platform
NOVEL & TRANSPARENT
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 the yield on energy is increased through the Bittwatt blockchain for all participants, energy waste and misuse are stamped out.
P2P SETTLEMENTS
Bittwatt enables fast, transparent and trustworthy settlements between market participants. Based on consumer profiles, Bittwatt matches demand with market offers at every hour of every day.
SMART DEMAND-RESPONSE SUPPLY
Bittwatt uses artificial intelligence in order to learn and adapt to what the grid is telling it. It enables a demand-response system that streamlines supply for all parties, from power plants to smart consumers.
COMMERCIAL PLATFORM
Bittwatt integrates regulatory information and data shared between energy suppliers, grid operators and smart consumers – bridging the broader software ecosystem and real-world businesses.
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.
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.
Become my AMBASSADOR:
https://bountyhive.io/join/Bittwatt?from=pendul
Join the Bittwatt Bounty Campaign on Bountyhive!
https://bountyhive.io/join/Bittwatt
Website: https://www.bittwatt.com/
Whitepaper: https://www.bittwatt.com/static/files/Bittwatt-Whitepaper.pdf
As always: If you have anything to say/ask - WELCOME in comments!
If you became my follower - write it down here and I will follow you back!
Source: https://www.bittwatt.com/
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community.
Some tips to share content and add value:
Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
If you are actually the original author, please do reply to let us know!
Thank You!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They allow to copy/paste and also pay me for doing that. You can read the rules of bountyhive.io
Please restore a post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i agree with you @pendul..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Are you saying that bittwatt.com gave you permission to copy and paste their content for your profit?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit