Bittwatt - Energy For The 21st Century

As is the case now, the current energy ecosystem is built around a fundamentally unstructured exchange of information. This means that countless types of documents are used to sell or buy electricity, and a large number of the usual processes (whether back or front) are really excessive, and only lead to higher prices.

Although the exchange of electricity is regulated in almost all countries of the world, in real-world situations, what we see is a significant buildup of latency. The core problem :

The energy exchange between merchants (or producers) and suppliers (B2B) takes days to validate and a settlement will be completed, and there is no decentralized market where this can happen.
There is no market for smart-consumer (B2C) from which they can) transfers unused energy supplies and b) selects and replaces suppliers based on pre-selected criteria.
The reporting of electricity consumption from suppliers is done with a minimum of 15 days latency, so that the imbalance can not be corrected accurately or real time.
Energy delivery is mandatory through the ordering and preparation of cross-border power lines; Moreover, once a cross-border route is ordered, it can not be used by more than one party - because there is currently no system to facilitate multi-party movement. This is the case, even though multi-party movements are legal, and rational - because two entities (ie those that recognize unused path lanes and others take unused path spaces) can benefit equally from the proper use of resources
The final consumer (of domestic type) must wait at least 15 days to change the energy supplier; At least, for bureaucratic reasons alone, this process can take 90 days. (Eg United Kingdom - 15 days, Austria - 30 days, Germany - 2-6 weeks)

That is because all of these reasons are rising prices. With energy transits slowed down or even inaccessible as a real choice (due to temporal, financial, or bureaucratic constraints), what all parties to the ecosystem face is a gradual but unexpected cost increase. From a technical perspective, this can be inferred simply because the ecosystem does not have an intelligent response request system:

In terms of grid pressure (which says that production can not be adjusted to the demand in the system), and
Commercial implications (there is no decentralized market to supply supply and demand together to enable rapid transit)
This lack of adjustment, dramatically increases costs for energy suppliers (cost imbalances rise from 300-400% of normal levels), creating a snowball effect that eventually touches the end consumer.

That's what BitWatt will solve

Bitwatt Platform

We are now changing the way we operate our electrical systems by building intelligent and flexible systems that utilize all energy sources and enable us to exceed the needs of our customers in a financially balanced and efficient ecosystem that is learning and developing.

To this end, we have begun to develop new markets for balancing and trading of electricity - which are activated by blockchain - that incentivize producers and open competition at the playground level.

We aim to provide this completely new and cost-effective energy ecosystem entirely by 2022.

This platform is accessible to everyone in the industry - regardless of size - runs new technologies in addition to industry standard applications. This market framework is designed to empower users (producers, suppliers or merchants) in applying the balancing process, and requires little intervention from Bittwatt as a System Operator (SO).

The Bittwatt ecosystem serves as a matchmaking platform that connects producers, energy suppliers and savvy consumers (and also prosumers6) to transact energy in a structured way. It is a flexible system that makes all the best resources available and able to meet the needs of customers much more efficiently. To this end, we have an integrated metering service that enables new and existing suppliers to communicate quickly and trade energy in a timely manner within a secure framework.

To Ensure That Generations Match Up And Continue Without Disability, The Bittwatt Platform Will:

Enable real-time consumption data sharing through blockchain (creating intelligent response request program)
Take advantage of very reliable systems that can match demand with real-time bidding, based on the criteria set by each side;
Integrate generating capacity of reserves - such as Bittwatt can contact power plants (which have already generated) to increase or decrease their output for a limited period of time through supply and bid mechanism mechanisms. This of course includes pumped storage - or a backup hydroelectric power station, which can generate power in seconds;
Integrate the intelligent responsive programs that consumers can take part by selling unused electricity at peak price periods to reduce the pressure on the grid that really sets the price high.

With Thus, Main Benefits Carried By Bittwatt Is:

Cost reduction compared to other energy transfer systems;
Transaction speed increases;
Scalability (we provide expansion possibilities to a large number of participants / users / transactions);
Disintermediation (creating a possible business model that does not require intermediaries)

Team

Members: 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 | President of Romanian Fintech, Blockchain and Cryptocurrency Association | Blockchain Investor | Advisor at COSS.IO

Country Advisors: Martin Ermenkov - Country Partner Serbia
Hristo Yanutsev - Country Partner Bulgaria
Natasa Dogramadzieva-Maneva - Country Partner Macedonia
Olosz Szabolocs - Country Partner Hungary