EtainPower Using Blockchain to Provide Energy Ecosystem Powered by AI

dimskiaditya (25)in #blockchain • 6 years ago (edited)

Welcome! This time i will review about EtainPower project. EtainPower EPR Token is the platform currency distributed in the EtainPower energy ecosystem. The platform currency can be used for a variety of energy consumption, project selection, and project revenue sharing. At the same time, EPR Tokens can be used to invest in various types of high-quality renewable energy projects.
Since the industrial revolution, society has become more dependent on energy. This increases the dependence on energy generated not only by the depletion of conventional fossil fuel resources such as coal, petroleum, gas, but also serious pollution to the environment. Scientists believe that the release of greenhouse gases from consumption of fossil fuels into the atmosphere is responsible for a steady increase in the average temperature of the earth over the past century.
That is a global rise in the causes of receding glacier surface temperatures and rising sea levels, threatening island countries and coastal cities. In recent years, international forces have collectively agreed to reduce the use of conventional fossil fuels to minimize the potential effects on climate. International forces reach a consensus for developing renewable energy ranges to reduce dependence on fossil fuels. Some countries have prioritized developing and utilizing renewable energy as an important part of their energy production strategy.

So what is EtainPower?

EtainPower is financing renewable energy and trade ecosystems that are empowered by both blockchain and AI technology. Supported by a team of top-tier engineers from Silicon Valley, we are introducing innovative blockchain architecture to override global renewable energy assets, enabling them to trade quickly and freely through our highly decentralized blockchain technology platform in a fast and safe way.
What are the features?
Blockchain technology is an innovative internet database technology. These are independent, decentralized, verifiable and permanent databases that coexist in several locations and shared by the community. With the design, the blockchain is basically resistant to data interference. Once a transaction occurs on the platform, it is verified by everyone on the platform.

Tokenized Renewable Energy Financing
Use of Many of Our Energy Tokens
Sustainable Value of Growth of EPR Tokens
Power of Smart Utilities

What is the solution from EtainPower?

The EtainPower leadership team has decades of experience in energy and renewable energy design and grid management. Inspired by decentralization, transparency and democracy from the blockchain, EtainPower began a mission to overcome the difficulties of financing renewable energy projects. Using innovative AI and other technologies, EtainPower works to optimize the connecting system between renewable energy sources and electricity networks. By minimizing the impact of frequency fluctuations and increasing the security and stability of grid operations, we can eliminate obstacles that hinder the development of renewable energy projects

1. Energy tokens

EtainPower is a blockchain-based transaction platform for financing renewable energy. Through the platform, energy producers can establish relationships with global investors to meet their project's financing needs. Operating like a futures market for energy, capital is raised for the construction of projects by selling subsequent revenues from power plants to investors, below the agreed market price. In this system, renewable energy producers will issue their own energy tokens that allow investors to buy future power revenues. After the project operates, revenue from the power plant will be transferred automatically by smart contracts on the blockchain, activating the value of energy tokens held by investors. Then, investors can redeem energy tokens for the same value in EtainPower (EPR) tokens or use energy tokens for electricity payments and purchase various other services in the EtainPower ecosystem.

2. Diversify returns on investment

Investors who help finance renewable energy projects on the EtainPower platform will have many choices for using their energy tokens. In addition to exchanging energy tokens for EPR through platforms, they can buy electricity through local providers or use energy tokens in the EtainPower ecosystem to pay for various other services. EtainPower provides many application opportunities for energy token holders to use tokens, including leasing and charging electric vehicles and other retail and e-commerce outlets. Offering a variety of energy token applications increasing investor investor participation and helping them stay involved in the EtainPower ecosystem. Energy tokens are not only virtual currencies as real values equal to profits from renewable energy generation. This allows investors to participate in energy futures markets, where the value of energy tokens is being activated when renewable energy projects generate revenue. The EtainPower qualification requirements minimize the risk that energy tokens cannot be activated on any project, including:

Renewable energy projects must sign a power purchase agreement (PPA) with an electric utility company or their previous end users can be registered on the EtainPower platform for financing.
EtainPower will establish strict qualification criteria before listing projects for financing to ensure project feasibility.
Renewable energy producers will be required to authorize EtainPower to manage project revenues, create transparency in all revenue transactions and make smart use of contracts to accurately record and activate the value of energy tokens.

3. Intellegence Power Grid

The mission of EtainPower is to build a smart electricity network that operates based on the principles of decentralization, transparency and zeroemission principles. EtainPower will not only include renewable energy microgrids and distributed power generation projects in the ecosystem, but also build partnerships with electric utility companies. Integration of technologies such as artificial intelligence, blockchain, IoT, and machine learning will improve existing electricity network facilities, optimize electricity network operations, and simplify power transactions. Electric network operators that partner with EtainPower will be upgraded to a more stable and smart system, which will optimize renewable energy power plants, manage end-user power consumption, and dynamically adapt to unpredictable weather conditions.