Bittwatt platform

Table of contents:

Bittwatt platform Goal Problems and solutions Benefits How does it work ICO Details Conclusion

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Bittwatt platform

The Bittwatt project is developing a fundamentally new system, which does not have analogues in the world for the purchase of energy, by concluding direct binary smart contracts between the energy supplier and the consumer. Thanks to decentralization using the chainchain chain, the system will allow for instant transactions, while the fi nish means of turnover for a transaction require a period of up to several days. In addition, the Bittwatt system will allow the user to display the entire list of energy suppliers, depending on the set parameters. In addition, such a method of acquiring electricity saves both the consumer and the energy supplier from getting rid of the bureaucratic component, which will reduce the cost of electricity several times, and significantly speed up the process of harmonizing the procedure for the supply of electricity. For example, the standard, classical ways of harmonizing this contract in some countries is more than a month, and the lack of electricity adversely affects any manufacturing and non-manufacturing sector of the economy.

Goal

The goal of Bittwatt is to involve energy cooperation in the blockbuster. Bittwatt suggests using blockchain technology along with a developed system of exchange and trade in energy. The result is a decentralized service in which the energy supply is used most effectively.

Problems and solutions

The platform simplifies the demand-response mechanisms in the grid through seamless operations that are not subject to trust issues - all thanks to the technology of blocking.

Bittwatt includes a number of key features that allow you to scale around the needs of each brand and every place in your network. With Bittwatt, power plants, suppliers, consumers and other operators can help to ensure energy is no longer being spent.

The system also provides an opportunity for all participants to create sustainable and environmentally friendly energy practices that do not compromise modern human comfort.

P2P HUMAN SETTLEMENTS

Bittwatt allows fast, transparent and reliable settlements between market participants. Based on consumer profiles, Bittwatt matches demand from the market offers for every hour of every day.

SMART DEMAND-OFFERS

Bittwatt uses artificial intelligence in order to learn and adapt to what the grid says he is. This allows a demand-response system that simplifies the supply of all consignments, from power plants to smart consumers.

COMMERCIAL PLATFORM

Bittwatt integrates regulatory information and data exchange between electricity suppliers, grid companies and smart consumers - overcoming the broad software ecosystem and the real world of business.

Benefits

The company will allow to avoid useless bureaucracy by synchronizing consumption figures and other relevant information in a blockchain. Bittwatt will streamline operations by removing operating costs and taxes, all within the framework of an automated workflow, which also optimizes energy transfers on an hourly basis: it turns the ordinary consumer into a smart consumer.

In addition to all this, Bittwatt is very stable: as the energy profitability increases through the Bittwatt blockchain for all participants.

What features and capabilities will the platform have:

The platform, and their application, are built so that to measure the power consumption and determine its real price. Users will have their own energy purse, through which they can buy cheaper energy and sell it at a peak of prices using the Bittwatt crypto currency. Service for international energy cooperation of different countries in the areas of: production, logistics, settlement of transactions by means of intellectual contracts, and more. A transregional network for refueling electric cars is presented, which provides intellectual identification of consumers and calculations using the Bittwatt purse. I believe that we can not fail to mention that the company uses artificial intelligence, it is self-taught, and will adapt to what the network tells it. This allows the demand and response system to optimize supply for all parties, from power plants to consumers.

How does it work

Our global energy world is changing. Traditional demand centers outstrip the fast-growing emerging markets, all the time technological achievements and environmental problems change the world energy mix. Now - more than ever - the energy industry needs to adapt to successfully meet our need for sustainable energy.

We present to your attention the Bitwatt platform.

The platform will be available to all in the industry - regardless of size - launching new technologies along with standard industry applications. This market structure is designed to give users (producers, suppliers or traders) the ability to apply balancing processes. Bittwatt is a dating platform that brings together manufacturers, energy suppliers and intelligent consumers to structure the transaction. It is a flexible system that provides the best of all available resources and is able to meet the needs of customers much more efficiently. To this end, we have integrated accounting services that allow both a new and an existing supplier to quickly communicate and trade energy in a timely manner within a reliable framework.

We represent the world of intelligent consumers in a sustainable energy system with minimal costs for all parties.

The business model with Bitwatt begins with the conclusion of smart contracts with energy suppliers in each country where the service is planned. At the same time, the system will conclude contracts with service providers that meet the qualification requirements. Further, users who wish to purchase electricity after registration on the platform enter into smart contracts on individual terms. Data on the agreements reached are coded into a decentralized blockchain chain. After the delivery of electricity, the system receives information about the supplier's performance of its part of the contract, and automatically charges funds from the account of the customer, the consumer of electricity.

ICO Details

Name of the token: BWT

Block: Ethereum according to ERC20 standard

Total tokens: 400,000,000 BWT

Price of the token: 1 BWT = 0.12 $

Softcap: $ 30,000,000

Hardcap: $ 36,000,000

Using Ethereum as its foundation, Bittwatt can implement all functions directly using smart contracts, which are then deployed and processed by the network. The developed token will be of the form ERC20 with eighteen digits after the comma and the symbol of the token BWT. This will be the basis for all activities within the ecosystem. The total volume of tokens will be 400,000,000. One BWT token is a transferable token equivalent to 1 kWh. The BWT token is used to pay for electricity on the Bittwatt platform, regardless of geography or supplier.

Conclusion

Combining the above into a single simple user interface is the main achievement of Bittwatt - and this is what brings the added value, as well as the differentiation of customers and business partners. Time and time again, the world of industry shows that simplifying and digitizing the services that people require regularly are the key to healthy and sustainable growth - and with this in mind, Bittwatt was developed as a platform that eliminates bureaucracy, reduces costs, simplifies the work of users, while providing flexibility and responsiveness.