Bittwatt - The first platform to facilitate cooperation between all market operators - COINSAURUS CRYPTO

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Friday, March 30, 2018

Bittwatt - The first platform to facilitate cooperation between all market operators



In the blockchain world, there are many ICO projects with the same ultimate goal being to achieve the success of the team and the project which then becomes the source of income. This time it will be discussed ie ICO project named Bitwatt. For that is just the summary of Bitwatt.

Bittwatt is a matchmaking platform that connects producers, energy suppliers and savvy consumers (and prosumers6) to transact energy in a structured way. It is the best flexible system of all available resources and ability to meet the needs of customers much more efficiently.

VISION
Bittwatt envisions the world of smart consumers in sustainable energy systems with minimal cost to all parties.

MISSION
The mission of Bittwatt is to be the first international platform to integrate and facilitate cooperation between all market operators for the benefit of consumers. 

Goal 
to achieve this goal, Bittwatt is committed to:
  • creating a simple, transparent blockchain energy trading market, and delivering value to all of its users.
  • growing globally (London, Bucharest, and Singapore are under development).


Excess Bittwatt is found in: 
  1. P2P SETTINGS
    Bittwatt allows fast, transparent, and reliable settlement between market participants. Based on consumer profiles, Bittwatt matches demand with market supply every hour of every day.
  2. Demand Supply is Smart Response
    Bittwatt uses artificial intelligence to learn and adapt to what the grid says. This allows the demand system to be a response that simplifies supply for all parties, from power plants to savvy consumers.
  3. Commercial Platforms
    Bittwatt integrates regulatory and data information shared among energy suppliers, network operators, and savvy consumers thereby bridging the broader software ecosystem and real-world business.

Things that might be done by Bitwatt are: 
  1. PEER-TO-PEER TRANSACTIONS
    A secure multilateral framework for international energy cooperation (in areas such as production, conversion, transportation, distribution, settlement of transactions under smart contracts, and energy use).
  2. ENERGY AND EXCHANGE ARBITRATION
    With an energy purse, users can utilize energy storage capabilities by buying cheap and selling at the highest price by using Bitwatt cryptocurrency online, exchange and trading system.
  3. E-MOBILITY AND ENERGY ROAMING
    Europe's single border charging network for electric vehicles enables smart consumer identification and completion of Bittwatt wallets.

Business Model

The Bittwatt business model begins with active power suppliers for each participating country (ie in every country where Bittwatt operates), registered on the Bittwatt platform after successfully meeting a set of qualifications and onboarding requirements.


the main benefits brought by Bittwatt are:
  • Cost reduction compared to other energy transfer systems;
  • Transaction speed increases;
  • Scalability (Bittwatt provides the possibility of expansion to a large number of participants/ users/transactions);
  • Disintermediation (making a business model possible that does not require intermediaries).

Bittwatt Token

By using Ethereum as an abstract base layer, Bittwatt is able to implement all its features and protocol rules directly into smart contracts, which are then propagated and processed by the network. Above Ethereum, the service is created using Geth which is a multipurpose command line tool running a full Ethereum node implemented in Go. In this case, it runs on a proprietary Linux server without an open RPC / HTTP port. Bittwatt will develop an ERC20 token named BWT token. This will be the foundation for all operations within the ecosystem. Total token supply is 400,000,000 BWT.

BWT tokens represent a transferable token equivalent of 1 kWh. BWT tokens are used to pay for electricity on the Bittwatt platform, regardless of geography or suppliers (as long as energy suppliers are Bittwatt partners).

The main uses of BWT tokens include:
  • Payment for products and services offered by Bittwatt
  • The settlement between energy produced and consumed for prosumers
  • The foundation for the development of tokens used in certain geographies

TOKEN SALE

The Bittwatt coin sale goal is the equivalent of $36,000,000.00 (US). The minimum funding goal is the equivalent of $30,000,000.00 (soft cap). The price of one BWT in the token sale is $0.12 (average equivalent of 1 kWh). The split of caps, bonuses and available tokens in the various stages is illustrated in the table below:
Untitled2
Bittwatt has the strong potential to provide a solution for the energy sector by ensuring the following solutions to today’s problems:
  1. Multiple parties share data – multiple participants can view shared information;
  2. Multiple parties update data – multiple participants can take actions that need to be recorded and change the data;
  3. Requirement for verification – participants can trust that the actions that are recorded are valid;
  4. Intermediaries add cost and complexity – removal of central authority record keeper intermediaries will reduce cost and complexity;
  5. Interactions are time-sensitive – reducing delay has business benefit;
  6. Transaction interaction – transactions created by different participants depend on each other.
 That's a summary of Bitwatt. For more details can be seen on web Bittwatt.

Roadmap

roadmap.bd8b495

Team & Advisors

Team
  • Cristian Hagmann – General manager & Co-founder
  • Daniela Cristina Stoicescu – CEO & Co- founder
  • Tudor Stomff – ICO Manager
  • Alexandru Ioana – Content Manager / Creative
  • Cristina Maria Banu – Marketing Specialist
  • Adrian Asevoaia – Project Manager
  • Marius Posa – Business Developer for East Europe
  • Iulian Bobes – Research and Development Officer
Advisors
  • Dan Cearnău – Advisor
  • Ioana Frîncu – Advisor
  • Andrei Popescu – Co-Founder of COSS.IO and Seasoned Blockchain Tech Start-Ups Investor/Advisor
  • Rune Evensen – Rune is the project’s champion directing and supporting the team.
  • Cristopher Bridges – Legal Advisor
  • Ionut Scripcariu – Co-Founder at CardBlue – first independent prepaid card issued in Romania
  • Martin Ermenkov – Country Partner Serbia
  • Hristo Yanutsev – Country Partner Bulgaria
  • Natasa Dogramadzieva-Maneva – Country Partner Macedonia
  • Olosz Szabolocs – Country Partner Hungary

Quik Links

WEBSITE
WHITEPAPER
ANN THREAD
BOUNTY
FACEBOOK
TWITTER
YOUTUBE
TELEGRAM



writen by : Ludmilla
bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1064448;sa=summary
myetherwallet adress : 0x29ac4A201C36b7922430F0A37976C1bA1c617339

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