Bittwatt BWT - Energy for the 21st Century (ICO REVIEW)

The current energy ecosystem is built around the exchange of what it is and basically unstructured information. This means that literally a lot of the types of documents are used to sell or buy electricity, and the vast amount of ordinary process goods (be they back or front-end) is actually excessive, and leads only to higher prices.

The energy exchange between merchants (or manufacturers) and suppliers (B2B) takes days of validation and completion completion, and no decentralized market

There is no market for smart-consumer (B2C) from which they can trade unused and select and replace suppliers based on predetermined criteria.

The reporting of electricity consumption from suppliers is done with a minimum of 15 days latency, so that the imbalance can not be corrected accurately or real time. Energy transit is carried out mandatory through transborder reservations and settings.

This is the case, even though the multi-party movement is legal, as well as rational because two entities (ie one that recognizes unused pathways and the other that unused path space needs) can make the most of the right resources. The final consumer (of domestic type) must wait at least 15 days to change supplier's energy. That's because of all the reasons i price increases. With transit energy slowed down or down even inaccessible as a real choice (due to temporal, financial, or bureaucratic constraints).

What is BITTWATT?

Bittwatt is a platform that connects all market players (producers, consumers) and provides standard blockchain protocols to share relevant business information, while creating decentralized services for energy supply, billing and balancing.

The Bittwatt platform is built without intricate bureaucracy by synchronizing consumption metrics and other relevant information within the blockchain. Bittwatt simplifies this operation by removing operational costs and transfer costs, all this in an automated workflow that also optimizes the transfer of energy on an hourly basis, all turning normal consumers into smart consumers. In addition, Bittwatt is built on sustainability considerations: due to energy yields increased through blockchain Bittwatt for all participants, energy waste and energy compaction.

This platform simplifies the demand response mechanism on the grid through seamless transactions that are not subject to trust issues - all thanks to blockchain technology. Bittwatt encapsulates a set of core capabilities that enable scaling of each brand's needs or any location on its network. With Bittwatt, power plants, suppliers, consumers and other operators can contribute to ensuring energy is no longer wasted.

The system also empowers all participants to create environmentally friendly and sustainable energy practices, which do not compromise the convenience of modern humans.

The platform has a solid structure, but what operations will Bittwatt perform:

Peer to Peer.

A secure multilateral framework for international energy

cooperation (in such areas as production, conversion, transportation, distribution, settlement of transactions on the basis of

smart contracts and the use of energy).

Exchange and arbitrage of energy.

The platform, equipped with a wallet, through which users can

use their own energy storage capabilities by buying cheaper and

selling at more favorable prices of exchange and trade.

Mobility and energy roaming.

A new, unified cross-border European charging network for electric

vehicles tat allows to carry out intellectual identification of the consumer and calculation of a purse from a platform.

Advantages:

P2P data exchange

Bitwatt allows for fast, transparent and reliable computations between market participants. On the base of consumers`profiles, Bittwatt controls the correspondence of the market demand to the market offer for every hour every day.

Smart system

Bittwatt uses artificial intelligent in order to learn and adapt to the actual information. This allows to create demand/offer system thus simplifying supply for all participants from power stations to consumers.

Commercial platform

Bittwatt integrates standard information/data and consumers with wider software ecosystems as well as with business world. This means that information is transferred to energy suppliers, network operators and consumers with wider software ecosystems.

Bittwatt has created solution system based on blockchain, this system is decentralized and makes energy trading simple. They are also in the process of creation transparent and balanced energy supply system that is 100% safe.

Tokens BWT.

Main uses of BWT tokens:

• Payment for Bittwatt products and services;

• Balancing produced and consumed energy for investigations;

• Tokens development fund allowing tokens to be used in individual geographic regions. Some of the countries, which use Bittwatt platform, will require the currency for internal trading. That is why new tokens will be created on the base of BWT.

Majority of the funds will be spent for advertisement of the product and its development.

Project team

Development of the project is going under the control of experienced people both in the field of energy and blockchain technology. The team is not big, but list of advisors is impressive. I hope the project will be implemented according to the schedule due to highly experienced developers and we will be able to observe the birth of new and innovative energy market. Team members and consultants can be found on the website https://www.bittwatt.com.

Conclusions

We deal with very interesting project that is connected to power field. Such projects become more and more popular nowadays and attract attention of major investors thus we may expect proper fund raising. It is noticeable that Bittwatt project has big softcap. So let us see how fund raising will be going as well as advertisement campaign.