The current world is packed with emerging ideas of technologies. The blockchain technology is one of the exciting ones with the idea of disruption and innovation. It has been associated with abundant types cryptocurrency utilizing the underlying technology for the disruptive ledger. It has been receiving attention from many industries with the concept to record the transaction in a secure, stable and chronological way. Eloncity is a blockchain network system powering the world for free. It decentralizes the infrastructure to the millions of self-sufficient microgrids and currently producing available energy for competitive utilities.
Overview of Eloncity
The Eloncity Model is based on a community for decentralized energy resources. It is powered by the blockchain ecosystem to build and deploy all the decentralized energy resources. The fundamental problems will describe the Eloncity Model seeking for the address, key building blocks of the Eloncity solutions, target markets as well as the implementation for the roadmap realizing the vision on Eloncity. All the information on the blockchain network has an intention in order to go for the purposes of information only. Eloncity will need to make some improvements or certain changes to the products, architecture, and design.
Contribution in Current World
As most of our modern life is dependent n the vastness of the electric grids to powered on everything. The tremendous strides are the technological innovations for the existing grids and it has largely built on the aging designs. It is essential that the designs should be centralized through the grid architecture. It is mostly based on the power generation largely. Even the power generations plants are located in remote places to make a connection with the customer sites by making some complex labyrinth of transmission and distribution network.
The coordination with the electricity to the production depends on the alteration of the recent combination. This emphasizes the contribution to the combination with the delivery through the complex T&D network. This will be managed by the regional system to operate independently by the system operators. It is important to balance the electricity production and consumption in real-time along with the assurance of the production of electricity. This emphasizes the remote transportation to the customer sites without running into the congestions to the vast T&D network.
Risk Factors
Eloncity blockchain network works by improvising the risk factors along with it. The factors emphasize the growth of the organization. The factors are:
- The risk associated with the related blockchain
- Risk of losing ECT because of the loss in private keys
- Risk of being hacked and security weaknesses
- Risk of uninsured losses
- The risk associated with uncertain regulations and enforcement actions
- Risk arises from taxations
- The risk from alternative networks or competitors
- Risk of insufficient interest in the network or distributed applications
- The risk associated with the development and maintenance of the network
- Risk of unfavorable fluctuation in currency value
- Risk of dissolution in the foundation
- The risk may arise from the lack of governance rights
- Risk can involve cloud storage
- Risks associated with the markets for ECT
- Loss of talent
- Failure to develop
- Competition and anti-money laundering
- Unanticipated risk
Eloncity team
Andy Li (Andy Li) - Founder. Also Chief Executive Officer / CTO Pomcube and former CEO of ChinaCache. Employee of Alibaba in the first DC datacenter in China (2010). The creator of many major Internet networks in Asia / USA. The world's first publicly available energy router for home and small / medium business.
Justin Wang is the founder. Lead developer Ican, NetZero. It is an architect, Modular Data Center, Smart3Technology, Sr. ME, Emerson Network Power, Xian, China.
Allen Ding ( founder of Allen Ding) . Nine years of experience in the design of electronics. Expert in the design of magnetic devices, energy topology, BSME University of Southern China.
Haichuan Zhiang is the founder. More than ten years of experience in technical work in testing systems. The head of the team is the project of cloud energy storage.
Dunping Yao is the founder. Six years of experience in the design of BMS equipment. Researcher at Tsinghua University in the field of charging technology VRB. Master of Science in Automated Technology from the University of Southern China
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Gregary Liu (Gregary Liu) - established. More than 11 years of work in the field of server architecture, the developer of the product. He studied business administration at the University of Hsinchu. Degree B5 in physics in Nanyang Technological University.
Peng Xu is the founder. More than ten years of experience in software development, design and data analysis. Developer Netzero. Developer Pomcube web service systems. Developed and supported Foxconn e-commerce website.
Michael Nguyen is the founder. Director CommunaLife. The inventor who has 17 patents and 4 awards for diligence in technological innovation. Seven years of experience in California energy programs and strategies. He worked with the California Energy Commission and the Public Benefit Commission.
The system of Eloncity lets people use it for making electricity virtually free so that they can electrify the world with clean energy. This is how they are making a concurred community.
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