An estimated 2 billion people worldwide do not have access to electricity, and this figure is increasing. In countries like Nigeria, despite the abundance of natural gas as raw materials, less than half the population has access to a stable electricity supply. Even where power transmission systems exist, many developing countries rely on costly and inefficient electricity substitution systems.
They negatively impact both the environment and sovereign finances and budgets, as governments often have to apply subsidies to make them available.
Gigajoule's main market is Nigeria. As mentioned earlier, Africa is a market with the potential for a diverse mix of green energy. The company combines gas-based production. Nigeria was chosen as the main market because of its growing population, and also because of the abundance of natural gas, which, however, is burned in vain and not used enough. At the same time, the country promises to become Africa's largest economy, generating large amounts of energy to meet demand in the coming decades. A project like Gigajoule will help Nigeria overcome the unemployment crisis that spreads through education and employment programs for those in need.
Gigajoule uses the Internet of Things (IoT) technology and blockchain technology, which has proven high standards of quality and efficiency. For four years they developed three project sites that could be immediately implemented using energy generation technology based on special orders. Each project is designed for installation with a capacity of 528 MW. This technology is best thanks to the 66 MW Siemens GT A65 (Rolls Royce Trent) gas turbine, which is an aviation engine with class-leading efficiency.
They have a detailed economic model that emphasizes efficiency. feasibility and benefits of the project. Conduct an initial environmental impact assessment, including ministerial approval, to show that the technology used does not pose a risk in case of hazardous emissions of air and wastewater. To satisfy the regulatory authority of the electric power industry that the efficiency of the technology is such that operating and depreciation costs are added to the target profit level of FPPCO and its licensors, including in the structure of the tariff structure to be approved by the government.
Principle of the Gigajoule Project
The first use of the blockchain to overcome this problem is its ability to support records, peer-to-peer connections, and token generation. Using the blockchain, notes on the exchange of energy can be direct, using a unique key from the grid of participants. Payment events can also occur immediately, and transaction records can be locked in blocks that cannot be changed. As for interaction and payments through the blockchain, events can occur almost simultaneously, which eliminates the need to correlate data.
Each transaction cannot be continued due to the fact that the use of complex encryption eliminates the need to trust regulators or people. Each transaction will be tracked and searched because the blockchain is not completely anonymous and may be anonymous to track energy. Theoretically, the connections in the networks with the block chain will display the actual grid and the connections between producers and consumers - or “prosumers”, as they were called, because they are on both sides of the energy equation.
Floating power plants using SGT-A65 engines have several important advantages:
Key Token Sale details
You can still tell a lot about the project. To get acquainted in detail with all the nuances of the company, website, team, Whitepaper, roadmap, I will leave the necessary links below in the description. In conclusion, I want to say that this is a modern, innovative project that can make a breakthrough in the cryptocurrency field and bring profit to its investor in the near future.
Additional Information:
Website: https://gigajoule.io
Whitepaper: https://secureservercdn.net/160.153.137.210/d37.ba6.myftpupload.com/wp-content/uploads/2019/09/Gigajoule-Whitepaper-v9.pdf
Bitcointalk: https://bitcointalk.org/index.php?topic=5182913.0
Telegram: https://t.me/Gigajoule_group
Twitter: https://twitter.com/GigajouleT
Facebook: https://www.facebook.com/gigajouletoken
Author: Derkovski (https://bitcointalk.org/index.php?action=profile;u=2532827)
ETH wallet: 0x791258d60fa279f76a72E386A2aEC7A8acFc5339
