In broad spectrum, there are different techniques that are used by sellers, marketers, as well as almost the entire energy production companies to supply their energy (electricity) as an endeavor to lure customers towards them. ‘Exchange of what is essentially unstructured information’ as a means of supplying electricity is one of the adopted techniques. Essentially, exchange of what is essentially unstructured information is used by most energy production companies to make consumers and other targeted audience to develop a positive attitude towards them. These companies adopt this technique with the sole benefit of thinking about the huge sum of money they make without considering the consumers. This technique might be doing some sort of perfection in electricity supply to consumers but the only thing this technique does is incurring extra cost and higher prices in electricity demand. My wish to live in a world that provides hope for the teeming population and creates a good avenue to tackle the increasing prices of electricity consumption prompted me to discover Bittwatt, a decentralized matchmaking platform that has the objective of providing a space for the connection of all the relevant actors involved in the energy market, ranging from the people who produce the electricity to the consumers.
BITTWATT PLATFORM
The Bittwatt platform is built on the Blockchain technology with a view to reorganizing the way most electricity production companies operate electricity systems for the benefits of both participants of the blockchain, ecosystem, and non-members to give everyone and anyone a sense of humanity. How would Bittwatt institute the reorganization of these electricity companies’ operation of electricity? According to Bittwatt, it will do so by building a smart, flexible system that will make most of the energy sources exceed their customers’ needs in a balanced and financially efficient ecosystem that learns and evolves. This is really a good initiate from the bittwatt developers. In a bid to avoid bias among consumers, the bittwatt platform will be readily available to everyone in the industry irrespective of the size, hence operating on new technologies in line with industry standard applications.
BITTWATT ECOSYSTEM
Bittwatt intends to create an ecosystem which would create an association between producers of electricity, electricity suppliers, and smart consumers. This association among these three categories of actors will help transact electricity in a more structured manner. This will help to empower individual users and companies while also not wasting energy and being environmentally friendly. To make interaction easier and interesting within the ecosystem, Bittwatt in their work quoted that, ‘it will integrate metering services that will allow both new and existing supplier to communicate quickly and trade energy in a timely fashion within a secure framework’. This integration of metering services will make room for peer to peer transactions, energy arbitrage and exchange, and create energy roaming network.
CONCLUSION
In summary, most companies will employ ‘exchange of what is essentially unstructured information’ technique as mentioned earlier on to supply electricity, however, Bittwatt will be an innovative tool to help curtail the problem that the world is going to face pertaining to the use of such technique. Join hands with me as we pursue Bittwatt ICO.
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