Are you tired of Energy company monopoly or going nuts due to apathetic behavior of bureaucrats?

Its true that energy is life today and a bitter truth is that we have surrendered ourselves in front of energy companies. A careful analysis of energy market could reveal many interesting facts. The energy sector is described as large, complex and inter-related network of companies that are directly or indirectly involved in the production and distribution of energy.

Performance in the sector is largely driven by the supply and demand for worldwide energy. Like any other commodity, Oil and gas producers did very well when oil and gas prices were high and will earn less when the value of the commodity drops. Oil refiners, on the other hand, benefit from the falling cost of feedstock to produce petroleum products like gasoline when crude oil prices drop. It is an open secret that world politics greatly influence the energy sector and historically political event have driven changes in the price of oil.

Since the energy sector is bigger and more diversified than just the oil and gas industry, there are different ways for investors to gain exposure to the energy sector, depending on their preferences and specific views about the growth and earnings prospects across the value chain. I think renewable and alternative energy sources like solar Energy, Wind Energy, Biomass Energy and Tidal power will be important in the future as the popularity of electric cars grows. Traditional hydrocarbon producers seem to be falling out of favor for the time being.

Power (Authority) in Energy sector must be distributed to reap the true benefits of this massive industry by avoiding the abuse of power from central or single supplier which is essential to break monopolism. This calls to make a paradigm shift technologically to address the strategic challenges in energy sector.

Decentralization in energy sector is as essential as in any other industry to deliver the value to its very consumer. We must look to build smart and flexible systems that can act as a holistic marketplace for all energy related needs from consumer and supplier stand point. Blockchain will help revolutionize the whole ecosystem to deliver simple and transparent services to consumers. There are already so many aggregators in energy sector who are claiming to address these challenges but we could not validate the credibility of their claims. However, I can confidently say “The Bittwatt Platform” has addressed these strategic challenges and is already helping consumers in many countries.

Energy for the 21st century

The Bittwatt platform

They are now changing the way we operate electricity systems by building a smart, flexible system that makes the most of all energy sources and enables us to exceed our customers’ needs in a balanced and financially efficient ecosystem that learns and evolves. For this purpose, they have started developing a new marketplace for electricity balancing and trading — which is blockchain enabled — that incentivize producers and opens up competition on a level playground.

Bittwatt Technology Stack

On top of Ethereum, they have built Bittwatt services using Geth. Geth is a multipurpose command line tool that runs a full Ethereum node implemented in Go. In this case, it is running on a proprietary Linux server with no RPC/HTTP open ports. The communication, which involves Geth, is managed through a Python intermediary application and the Ethereum network. The applications that connect to the Ethereum blockchain are built on Truffle. Truffle is a development environment, testing framework, and asset pipeline for Ethereum. We use Ethereum Truffle for:

· Built-in smart contract compilation, linking, deployment and binary management;

· Configurable-build pipelines with support for custom build processes;

· Network management for deploying to many public and private networks

Further details, please refer https://bittwatt.com/#about or join telegram channel: https://goo.gl/gX6fnC