Looking at the challenges that the world as a global market faces a year in and year out regarding energy, it is easy to see that there is a massive need for a sustainable, viable and affordable energy model to answer all problems. Even in recent years, there have been many instances where changing global , climate and increase in population have placed an enormous amount of strain on energy resources. Often towns and cities are faced with power outages and blackouts in the face of extreme weather situations, and often even just because of population size.
Eloncity looks to solve these problems, in an affordable, comprehensive, cohesive and transparent way. By utilising the wonderful world of , blockchain technology, Eloncity is aiming to create a community-based, affordable and renewable energy protocol that will comprehensively solve the issues that are faced today in modern society. We all know how reliant we are as a global community on the use of electricity and the huge expanses of electric grid power stations that power us, however, these methods are dated, and likely to be ineffective – as seen when there are many power outages due to surges when many people access their power supply. The very centralized nature of this design is really due to an upgrade – something which Eloncity does gracefully and accurately.
Blockchain technology at its very heart is secure, transparent and extremely efficient at comprehensively ensuring that the centralized nature of the old power grids is improved and decentralized. Eloncity offers the potential for increased efficiency in the recording and sharing of high-speed energy transactions, in real time, as they happen, including the tracking if what type of fuel is being used, and where, and what would be most efficient. By increasing the data sharing potential between these different fuel and power sources, the cost efficiency and timescale will be improved and reduced drastically.
By tackling the energy model head-on, the Eloncity platform is able to concentrate on the social and community aspect of energy supply, the economic viability of the fuel sources and the way in which they are distributed and used, the different technological advancements that are open to the way in which power and energy is supplies, and of course regulate the way in which responsiveness is recorded, and this data is processed and shared. This eloquent platform will ensure that at all stages of the energy process each platform and user, or consumer, is well informed, and super responsive to all results and suggestions that the platform may offer.
It is a pleasure to see a platform that also supports the notion of seeking out more and more renewable energy, and of course, this goes hand in hand with the technological advances that blockchain technology has brought us. Being able to access local renewable sources will mean that the need for remote power sources, and the transportation involved in getting the resources to grids that need it, will be hugely lessened. A wonderful part of blockchain technology is the very fact that it allows for the often expensive and unnecessary third-party involvement to be eliminated. Being able to eliminate the costly factors that traditional power sources bring – such as AC-DC-AC conversions, will mean that more of the profit will go to the energy seller, and more of the benefits to the customer, the including the reduced cost to them.
Ultimately we need to look to a future that is built upon renewable, sustainable energy, and energy that is affordable to all. Community-driven models such as the eloncity model endure that once a community takes the leap so to speak with the model, they will be able to benefit from the growth and success that is possible from decentralized technology. With its attractive investment potential, Eloncity is absolutely the future for sustainable energy. The model even allows for what they term as their ‘revolving loan fund’, simply put, they have designed a feature to be able to allow a collaborative approach to the adoption of decentralized renewable energy, so all communities can afford it, and of course, with the use of blockchain technology, the loan will be able to be repaid through a return of investment policy embedded into the platform itself.
Being able to control the way in which the current energy market functions is also a necessity and another wonderful part of the Eloncity platform. We all know how major power companies can call the shots, and control the way in which the market operates, and especially the cost to consumers of energy. With this model, Eloncity intends to ensure that there is a fair marketplace for all, protecting the energy consumer and thus supporting the community as well. The open and secure nature of blockchain technology will ensure that the whole model operates on a decentralized, fair playing field. By eliminating the need for costly transportation. Eloncity ensures also that emissions are lowered, not only from vehicles but from the energy sources that they transport and use. This will only ever benefit the public globally.
Eloncity has already sufficiently utilised a non-profit organization as an advocate for their decentralized renewable energy platform. This can be seen in their AI Grid Foundation, Singapore. This wonderful example has already shown that there is not only a huge need but that by utilising the cryptocurrency, market and blockchain technology, decentralized, affordable and renewable energy is the future for us all. The decentralized energy architecture that Elomcity applies to its model means that the key technological building blocks that are required for this protocol are able to regenerate and improve the energy economy globally. The Eloncity token protocol, ECTP will be open and secure in the public ledger, ensuring that the eloncity token, ECT will be hugely effective and able to utilise, incentivize and exchange well on the local energy front. This all leads to the further part of the Eloncity plan, and that is the ability to invest in the battery operated storage system, BESS, which will store renewable energy for global markets.
The high-speed notion of this platform and its ability to exist in real=time through the use of blockchain technology has meant that this platform will be a huge;y effective tool in the crusade to improve renewable and sustainable energy for all. The protocol appears to be a highly valid, and excellent investment potential, especially as they have already seen success in the innovative AI Foundation in Singapore. Above all else, as a blockchain technology enthusiasts, I can see that the calculator s and marketing behind this protocol are highly excellent and extremely efficient. It will be a pleasure to watch this platform expand in success and profit. We are more than ready for a decentralized, renewable, sustainable energy generation and Eloncity is fast on their way of providing this for us all on a global scale. I could go into even more depth with this comprehensive platform, looking at the formula that they have applied to show how amazingly effective the platform is, but I feel that there is no need. This platform speaks for itself with its excellence and hugely efficient nature. Eloncity really is revolutionising the way in which energy is seen.
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The article was written by frankiemalton
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This is exciting to see, as the level of protection that this offer is excellent.
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