Eloncity is one of the select ambitious blockchain projects in the renewable energy domain. While there have been some blockchain projects in energy trading, Eloncity is more than just mere energy trading. Eloncity proposes a community-centric model. In essence, it facilitates production of renewable energy from solar photovoltaic (PV) cells at the micro level in customer or community site, store energy in the battery energy storage system (BESS) locally, and which could be exchanged and tradeable based on the supply-demand equilibrium. ECT utility token will essentially be used for energy exchange and store of value. This is a very simple picture of Eloncity.
The innovation of the project is the use of blocking technology in solving the global energy problem. A large number of networks that can provide energy for themselves, are united in a single decentralized energy system, the electricity in which will be continuously produced and transmitted across all networks. So this system can be an innovative solution to problems related to the shortage, interruptions and cost of electricity. The system is transparent and open, so any person can use this platform to create electricity. The problem of creating and consuming electricity now affects absolutely all people. Therefore, the creators of the Eloncity platform change centralized and familiar systems to a network consisting of isolated (that is, self-supporting) millions of networks. So the dream of an environmentally clean source of renewable energy can become a reality. The last time there is an imbalance between the demand and supply of energy, as we are already seeing the effects of the finiteness of the fossils, which soon all will not suffice at all. The Eloncity network solves this problem.
advantages Eloncity
The use of modern Blockchain technology will allow the Entire eloncity ecosystem to be transparent, reliable and safe, as well as not subject to any third-party interventions from outside. That in turn will allow to form a new pricing for clean electricity.
But for all the interaction to be effective, everyone who will use the Eloncity technology will have a device for the accumulation of clean electricity, with which it will be possible to track the amount of energy consumed, as well as sell or exchange the remaining energy with other users or enterprises.
The presence of the AI system in the project is designed to regulate the flow of electricity pricing. And the presence of the IOT system will allow to balance the supply of renewable electricity to these places. Thanks to this, the Eloncity system will be able to extract the peak load from the last mile, which will provide users with electricity continuously and smoothly.
The project team
Andy LiFounder is the technical and executive director of Pomcube and the former CTO of ChinaCache. The architect of many Internet backbones in Asia / USA as the chief engineer. Michael Nguyen , vice president of program management, whose 30-year career spans several industries: from non-profit, cutting-edge energy programs and IT research and development to international production and market development, has seventeen patents and four industry awards for technological innovation. Justin Wang - product manager, leading architect of iCAN, NetZero, modular data center architect. Gregary Liu - Director of Marketing, more than eleven years worked in the architecture of the server system.
SUMMARY
A very ambitious project - to squeeze out, or at least to compete with the current energy giants - is not the simplest thing. And one more thing - the availability of the equipment that is offered for purchase in order to connect to this network - at the moment, nowhere has it found such figures. And they will determine how quickly such a network can be deployed.Absence vaytpeper certainly strains. All the information has to be sought and put together from interviews and social networks. Community is not a bit alive (in my opinion). The cart already counts more than 11 thousand, but all the progress is given to the Krypital Group, and they practically all have the same thing - wait for an answer ...My general opinion is this - with a lot of financial support this project will pick up a HYIP, it is possible that now, as long as it is not very clear whether there will be a public sale, people are wary of him. But one thing is clear - the developers are clean techies and all the work on promotion and KYC shifted to other shoulders - an indicator is not bad. Therefore, I would put 6 out of 10 if I had such a scale. But with the radar this project can not be removed - it can still show a good growth of interest.
For More Information Visit :
Unique identification link : http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000325
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• Krypital Bounty Group: https://t.me/KrypitalBounty
• Eloncity Group: https://t.me/Eloncity
• Krypital News: https://t.me/KrypitalNews
• ANN : https://bitcointalk.org/index.php?topic=4465922
• Telegram : https://t.me/Eloncity
• Facebook : https://www.facebook.com/Eloncity-229599404279234/
• Twitter : https://twitter.com/Eloncity_io
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