A number of startups are using blockchain technology for building platforms their projects. Robotina aims to use IoT(Internet of Things) and blockchain technology to make power consumption safer and more efficient.
Issues Related To Energy Consumption In The World
Today, we cannot imagine a world without electricity as more than 90% of everyday activities need power. From household appliances to high-power machinery, everything needs the power to run.
With power, there is a basic problem of uncertainty of supply and fluctuating demand. The interest in the alternative sources of energy, such as solar, biofuel, wind, nuclear has been increasing rapidly. However, it is challenging for the power plants to supply a constant output.
The hybrid solutions often prove to be costlier and it becomes difficult for them to deal with the ever-increasing demand for energy. An excessive use of power by unattended appliances proves costly to the environment, power-grids as well as consumers.
It is not practical to keep a check on each and every device. Robotina offers the technology that facilitates effective utilization of power at every level.
How Robotina Solves Power Issues?
Robotina aims to change the way people use electricity. With the implementation of technologies like AI(Artificial Intelligence), IoT and Blockchain, Robotina will be able to bring down the overall cost of energy consumption.
Robotina optimizes the power grid and monitors the consumption of energy real-time. It uses the AI to process the acquired data and allows the effective utilization of energy. It turns off devices that are not being used and allows the users to consume power as efficiently as possible.
The company takes the privacy of its consumers very seriously and it processes the data anonymously. Users can sell their data or keep it private if they wish.
Robotina uses eco-friendly technologies and allows the users to sell and purchase unused energy freely. Users can also collaborate and buy power as a group. They can participate in crowd financing and trade their unused power.
By leveraging the IoT technology and connecting the devices to the household power grid supported by AI, Robotina can increase the efficiency of energy consumption to up to 99%.
Robotina's HEMS(Home Energy Management System) with an inbuilt OS(Operating System) supported by AI keeps track of energy price, energy consumption of each and every device and weather.
For the currency, Robotina uses ROX tokens which are Ethereum bases ERC-20 tokens. Investors can use the tokens within the Robotina community. Tokens are used for crowdfunding and the payment of the services. These tokens can also be used to purchase the software and hardware supported by the company.
Future Expectations
Robotina's products will be able to optimize the energy consumption automatically wherever they are installed.
Aggregated data trading will drastically improve the coordination between suppliers and stakeholders regarding the energy distribution.
Besides the effective distribution of energy and shared economy, the security layout will allow the users to rely on signals given by the power grid units.
Robotina's platform will also help in the protection of the environment from the excessive dissipation of energy by providing the marketplace for buying and selling the energy.
Robotina Team
The founding members of the Robotina team have plenty of experience in their fields. They already have more than a million connected points across 25 different countries using their products.
- Devid Palcic (CEO), Cognitive Technology Expert
- Damir Skrjanec, Research & Development Head
- Ivan Morano (CTO),
- Milan Susman (CSM)
Advisors
- Atul Kumar Gupta (Investment Banking Expert)
- Irena Linasi Rogac (Financial Expert)
Supported By
- Spartan Solutions
- Tim Valores
- Firstline
- CryptoOrange
Robotina ICO & Token Sale
The project has working HEMS and BEMS products for households and businesses. The ICO(Initial Coin Offering) will help Robotina in the expansion of its project and penetrate the global markets.
They aim to raise up to $28.5 million with a sale of 570,500,000 ROX tokens. The token sale will begin on 21/03/2018 and it will continue until 30/04/2018.
Token Distribution
- 70% - ICO
- 10% - Advisors & Team Members
- 7% - Promotion
- 5% - Angel Investors
- 3% - Bounty
- 3% - Product & Market Development
- 2% - Escrow
During the crowdfunding, ETH will be collected and ROX tokens will be generated on the Ethereum network.
Verdict
The project seems promising and worth investing in as they already have a product ready. The solutions proposed by the startup seem very useful to the society.
Their product provides a real-world solution for the energy distribution and management. It is important to note however that there are some decentralized energy ecosystems established already.
The team behind the project is credible and they have successfully completed projects with companies like Microsoft, Hitachi, Sharp, etc. in the past. Robotina seems to be a promising investment, but as an investor, you must take all the necessary precautionary measures before investing.