The blockchain technological business model of the BittWatt platform and smart contract of energy supply in the crypto world
This is the 21st century of digital era of modern science and technology. World is a big place. This big place is becoming small for the invention of modern science and technology. The modern science and technology made our life easy as well as our daily work. It has made revolutionary change in the world of digital ecosystem by inventing blockchain technology and internet protocol. Now world is digitalizing day by day. After the invention of internet digitalization process gain more power to run forward and gain possibilities to gain benefit from this digital ecosystem with help of blockchain technology. For the blessing of internet and blockchain technology there has many idea and project stand on a platform as a service provider or seller of product. There have many platforms in the digital ecosystem whose are making interest in the cryptocurrency. Some are using existing cryptocurrency and some are making their own cryptocurrency for their platform. The BittWatt is one of these platforms with their idea and project in the digital ecosystem.
The BittWatt is a blockchain technological platform of energy supply in the digital ecosystem. There business model start with electricity supplies, traders, producers and DSOs in each participating market. They must be registered within the BittWatt platform after successfully meeting a set of qualifications and on boarding requirements. We can know more about this platform from their website link https://www.bittwatt.com/. Now a days energy runs on high operational costs based on centralized markets. On the other hand this platform is a energy supply platform where energy runs on low operational costs ( as low that you can say zero) based on decentralized standard market.
Problem solution system of BittWatt platform:
The BittWatt is a blockchain technological platform of tokenize cryptocurrency. They are making opportunity for electricity supplies, traders, producers as well as DSOs in each participating market. There have many problems inside and outside of digital ecosystem in the existing energy supply industry. The BittWatt platform is making solution of this problem. The problem solution system of BittWatt platform is given below:
Recently energy runs on high operational costs based on centralized non stander markets. On the other hand this platforms energy runs on low operational costs (as low like zero) based on decentralized and standard markets.
The existing energy supply industry has lack of real time information regarding demand response pressure on the network system. Bu the BittWatt platform has no lack of real time information. They always work with the huge information about the industry.
On the existing power supply industry has no peer to peer transactions are possible. On the other hand this platform is a peer to peer transaction platform of blockchain technology.
The existing platform has lack of B2C (Business to consumer) markets. But this platform is solution this problem by the help of expert man.
This platform breaks barriers through a transparent and efficient solution that make use of blockchain technology to eliminate operational costs as well as transfer fees. It also makes use of insights form real time energy supply and demand data. This platform of blockchain technology is built to transform ordinary every day consumers into smart consumers which know and make use of the information that network give them. This platforms system works by analyzing smart contracts that link production and demand data with energy wallets available on the network.
Features of the BittWatt platform:
There have many features in this platform of blockchain technology. They are the only first platform form energy supply platform of industry for electricity supplies, traders, producers as well as DSOs in each participating market. This platforms feature are explained below:
Billing feature: On this platform, they are giving opportunity of accurate billing as well as access to full billing histories will in turn increase consumers confidence and retention of the existing customer base.
Payments Feature: On this platform, consumers will have an escrow account or credit card attached to credit card attached to their accounts. So that when invoices are issued consumers will be debited straight form their credit accounts with significantly reducing administrative costs.
Forecasting feature: This platform is designed for a broad range of users of users. The solution is flexible at all levels allowing for automatic, manual and configurable modes. For this reason users can retrieve forecasts and modify scenarios interactively which is automated forecasting within this context. This means less manual input and makes large forecasting processes more manageable and user friendly.
TSO and DSOs feature: They are integrating between TSO & DSOs in the management.
Storage feature: On this platform of blockchain technology, storage feature is designed for all energy producers in the ecosystem that decide to store power, moreover immediately release it into the platform.
Significant plan time line of the BittWatt platform:
The BittWatt platform is a blockchain technological platform of tokenize cryptocurrency in the digital world of crypto world. They are working for energy supply worldwide for safe use with eco-friendly system. Their roadmap is given below:
On the June of 2017, they got the concept of BittWatt.
The business plan preparation was started on October of 2017 of this platform.
This platforms business plan was confirmed with the BittWatt partners in November of 2017.
On December of 2017 they have finalized their protocol system to launch quickly.
January of 2018 they have done the token design for this platform of energy supply.
The private pre sale of the BittWatt platform was done in February of 2018.
This platform will do their pre ICO sales in March of 2018.
This platform will do their public token sale of ICO program in April of 2018.
On the June of 2018, these platforms will final smart contract protocol in the digital ecosystem of crypto world.
The BittWatt platform will launch their mobile app for smart consumer in November of 2018 as well on this month they will start this platform for smart operators.
On 2019 of January, this platform will start BittWatt marketplace in the B2C (Business to Consumer) and B2B (Business to Business) system.
The BittWatt international integration rooming and cross border will start in June of 2019.
On the November of 2019 they will start exchange fiat and cryptocurrency system on their platform.
They will make final integration of the platform in the digital ecosystem of the crypto world in Jun of 2022.
At the conclusion of this above explanation of the BittWatt platform we can say they are the world only platform of benefits and opportunity platform for energy industry. We can trust their smart contract of blockchain technology in the tokenize cryptocurrency system. We cha know about them by visiting https://www.bittwatt.com/static/files/Bittwatt-Whitepaper.pdf web site of whitepaper of the platform.
For more and further knowledge please visit,
WhitePaper: https://www.bittwatt.com/static/files/Bittwatt-Whitepaper.pdf
BountyHive: https://bountyhive.io/join/BittwattBitcoin
Bitcoin Forum: https://bitcointalk.org/index.php?topic=3098153
Facebook Page: https://www.facebook.com/energyforthe21century/
Linkedin Page: https://www.linkedin.com/company/bittwatt-pte-ltd/
Twitter Page: https://twitter.com/BittwattPteLtd
YouTube Channel: https://www.youtube.com/channel/UChYWjiPk7lS6DBuaXgsIy4A
Telegram Group: https://t.me/bittwatt
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