Eloncity - POWER THE WORLD FOR FREE

hansaka (37)in #crypto • 6 years ago

What is Eloncity?

Eloncity is a project based on decentralized renewable energy design architecture.It contains a blockchain platform which provides efficient, secure, open recording of energy transactions Electricity will be produced and will be provided locally, and will directly compete with existing power supply units. Electricity prices will be more transparent. everyone can use eloncity technology for free electronic manufacturing . Therefore, we can power the whole world using clean energy. Eloncity model is based on DC. They are going to produce tools for the production and storage of clean power. Consumers will capable to sell further capacity during peak hours. Therefore, the creators are going to motivate a wide number of people and firms to spend on tools for power storage. In addition, an ecosystem for encouraging consumers has been designed. For every megawatt of clean power saved, you can acquire 16 ECT tokens in the shape of a reward. Therefore, the creators are going to motivate a wide range of people and companies to spend on tools for power storage. So this clean and healthy energy future is closer in our grasp than what we hear daily. Eloncity’s marketing and education efforts in the next two to three years would be focused on major appliances with high energy consumption such as HVAC, water heating, clothes washer, and dryers. The near-term development efforts will focus on high-energy appliances because these are the low-hanging fruits that yield significant energy savings with the DC power system. Moreover, hard-wired equipment such as HVAC does not need the new standardized DC Connector to take advantage of the DC power system. This technologies are promising. Once they are built locally (with respect to economy of scale), logistics cost and tax will be far more lower as well. These members in these community buy/sell their excess energy to local neighbor with the help of Eloncity-Token-Protocol (ECTP) enabled battery storage devices. These equipment could be owned by the customer or by the community. They are working with several communities as potential first demo pilot site.

A Blockchain platform that provides an open, secured and distributed ledger for efficient recording of energy transactions in the community in a verifiably and immutable manner. The blockchain platform also enables the Eloncity community to establish an auditable record for tracking the sources of electricity generation within the community, that is GHG-free or non-fossil-fuel based. The auditable tracking of electricity generation sources is critical for valuation of electricity based on generation sources, and also monitors the community’s progress toward de-carbonization.
An intelligent networked battery energy storage system (BESS) deployed on the customer premises to harmonize local electricity supply-demand. The Eloncity BESS mitigates the needs for costly capacity and ancillary services. Additionally, BESS also help to flatten intermittent renewable generation into predictable, reliable, and dispatchable renewable resources.

What Eloncity offers

System developed on the blockchain technology , with an integrated AI algorithm. The trading system, with the help of blockchain network, will make electricity trade completely transparent, while real-time AI will find the best prices as an alternative.
Smart energy storage systems. Energy storage systems based on IOT (Internet of things) technology will allow the distribution of locally produced renewable energy.
Switch to DC power bus. A new kind of network will help avoid overloading to peak use of the network.
New generation current feeders. The use of a DC instead of an AC removes the constant current circulation in the network and promotes competition of locally generated energy.
Scheme of electricity mining. Proof of stored power (PoSp) will allow the transfer of electricity to the cryptocurrency (32 gigawatt / hour = 1 ESC).
Hierarchical structure of energy distribution, allowing the transfer of energy between the microgrids. Also includes charging / discharging electric vehicles.

The conclusion

Eco-friendly Eloncity technology can solve many problems of mankind regarding the distribution and stable extraction of electricity. How will it affect the global economy?How will society react to the reduction in the demand of workers for plants to produce fuel for power plants?On the one hand, the improvement of the environment and self-sufficiency in electricity, on the other- the reduction of work places, the redefinition of plants, and maybe even the business bankruptcy.Such transition is almost impossible under the current conditions,which means that the direction will be in development and introduction for decades.