The world is moving forward with a number of emerging technologies. The blockchain technologies have added up a new dimension to the technological inventions and innovations. It has become disruptive and innovative attention to the current times as it is becoming popular day by day.
The cryptocurrencies are underlying with a distributed ledger to receive attention from several industries and therefore the blockchain network providing organizations are making a number of changes to the system to represent their service with more appreciation. Eloncity is the blockchain network that powers with the decentralized infrastructure with millions of self-sufficient of microgrids. It produces a energy locally making it available 24/7 directly to the competitiveness of utilities.
ELONCITY is a multifaceted arrangement that utilizes decentralized sustainable power source assets to annihilate hindrances to achieve sheltered, solid, dynamic and evenhanded vitality future. The stage tries to make a decentralized wellspring of vitality that will be sheltered, advantageous and beneficial to all. Eloncity will sedative on four essential columns:
A decentralized sustainable power source engineering At this stage, there will be a blockchain innovation stage to help make the record for recording exchanges, and a Crypto Utility Token called the Eloncity Token (ECT) that will be utilized for boosting the framework. Furthermore, a Battery Energy Storage System (BESS) will be built up for putting away the gathered electrical vitality, and a privately based sustainable power source age locales to help support the network creation of electrical vitality.
The stage will likewise request for stores (spinning advances) to raise private capitals in order to engage the foundation a wide-scale reception of the considerable activity (decentralized sustainable power source). In perspective of this, there will be joint effort with governments offices and other key accomplices.
One vital point of reference will be the foundation of an administrative structure. This will be built up to secure the vitality shopper and furthermore bolster the economy.
Eloncity Model integrates with the advanced technologies with the best practices and lessons. It can be learned by creating a scalable and replicable designed for unleashing through the potentials of the community-based renewable. This helps the microgrid in attain the energy to be future safe, secure, healthy, sustainable and equitable. This can be a more vibrant regenerative form of energy in the future. The energy decentralized within the technology by the dimension of the Eloncity model as it will be embedded with the three pillars of the programmatic framework which are:
The pillars are the technological pillar together which has been designed as synergic and accelerate with the proliferation of the Eloncity Model with these four strategies:
Barriers: Eloncity Model overcomes with the entrenched barriers that use the multifaceted strategies at every stage. This will also overcome through the social, economic, political barriers which are commonly identical. This may hinder the adoption of decentralized and renewable energy within the crypto-economics.
Solutions: Eloncity model also follows the strategy that is calibrated and tailored while the application of four foundational programmatic frameworks. This will optimally configure the Eloncity model with some specific unique project site that includes social, economic, environmental as well as has some policy dimensions the local tailoring process also gives assurance for these new Eloncity sites representing a successful project for the additional attractiveness into the investment portfolio across the multiple markets.
Demands: The Eloncity model bounds to have some stimulated demands mobilizing an ever0growing target for local and international consumers. This will indulge in the cross-industry financial partners along with the institutional regulatory and policy players. This will drive into the demand-side economics accelerating the public acceptance, expanding the viral appeal. This will ultimately catalyze the further mass applications of the Eloncity Model across the innovative multi-stakeholder engagement process.
Tools: Eloncity deals with the propagation tools by the application insights with the best practices from the ongoing project portfolio. This will accelerate with the reliability and transferability of knowledge for the propagation of the Eloncity model. The foundation is going to give a number of enabling technologies, reference designs, standardization of communities where local decision makers and city planners with the financial partners may become interested in investing.
Since Eloncity is working out to the non-profit AI Grid Foundation based organization from Singapore, this will advocate the usage of decentralized and renewable energy addressing to the urgent problems of centralized grids. This will be shared as consensus-based blockchain technologies with some vital issues that will build the collaboration for decentralized renewable energy in the future.
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