BittWatt: Decentralizing the energy market

Not many company ICO's draw as much attention as BittWatt, but the team found a problem and realized that modern technology offered a cutting edge solution. The teams keen understanding of the power market has been rewarded with a ferocious demand for ICO tokens. With the ICO coming to an end soon with what looks to be the hard cap shattered, it's my belief they are seeing such success because people see the future around them and see the solution to that futures problems in what BittWatt's team is developing.!

With the energy market quickly moving towards a decentralized production model, with Solar and other green energy spreading across the world the old style of centralized power grids just can't be trusted to be around long term as the market develops. Balancing the sale and purchase of power in an efficient and modern way that reduces the surge and droughts caused by the market makers in the current energy market that can be crippling to both producers and consumers.

With the breakthrough in blockchain technology the idea of a distributed ability to trade commodities is no longer reserved for complex processes by only the largest of industrial traders. Instead replaced with a system that allows for a industry "where everyone is the energy industry - irrespective of their size". The way that the BittWatt team puts it in the
last part in their executive summary I think sums up well why they stand a huge chance of disrupting the market. They aren't thinking about a few big corporate executives or board of directors making money, and driving the economy, but instead are taking a wider view were everyone stands a chance to participate and perform in the market.

Since the inception of the energy industry it has always been moving towards a more decentralized network, it can be seen just looking around with consumers now becoming producers thanks to affordable solar installations, that will soon become standard on new homes. With resiliency and disaster proof power being planned through the use of electrical car batteries and home battery systems used to keep the lights on in the event of a geographic power outage. Even the oil industry as it stands is quickly loosing its grasp on the monolithic industry that provides petroleum power for cars of yesteryear replaced by electrical cars charging via decentralized and distributed grid, including both commercial partners and home and corporate charging networks.

With announcements of partners in the industry already being announced, and a goal to have this next generation system fully operation in 30+ global markets they have their eyes set on what can only be seen as a industry defining transition. Taking advantage of this new world of energy and what it means for everyone as more people shift from being not only a consumer but a producer as well, will dictate what the future looks like. A shift is coming and BittWatt saw it approaching and is putting that infrastructure in place so that everyone can take advantage of it.

For more information on BittWatt and how they intend to tackle the quickly changing market, visit the teams website or take the time to read their comprehensive whitepaper explaining their goals and roadmap.