Smart Energy Economy with Simmitri

Isn't the focus of giant companies to invest and improve the usage of Energy system worldwide, also on the Artificial intelligence? Yes definitely it is. What about the project that uses both energy system and AI, plus additionally having as a part of their investment the Blockchain Technology.

The mixture of this three giant components of Energy, Artificial Intelligence and the Blockchain Technology? Looks like the future is here with SIMMITRI!

Worldwide people are aware about the consumption of the energy for mining rigs, not only for usage of rigs, in general electrical energy is being consummated. And somebody somehow has to make an investment on this issue.

In our near future, since many investments are being done on this area, we can be positive for this future, thank to the innovative technologies. In this field one super project is about to come.
The project of SIMMITRI Company is making a great impact worldwide, plus they will make a new innovations using the blockchain technology, see the initial phases of their announcements for the usage of blockchain technology and artificial intellligence on their bitcointalk.

The Simmitri blockchain based project and the SIM Token

Usually we are taught to think outside the box, whereby Simmitri company thinks inside the box. Meaning that they are headed to ushering the electrical fuse box into the 21st century. Inside this box meaning a platform where they will be creating their own community, a community that will be saving energy also generating electrical energy, for this two reasons they will be rewarded with Sim tokens.

The SIM token is a cryptocurrency incentive that is received in a smart energy economy in which the grid becomes more efficient. To become more energy efficient, Simmitri is developing a "smartbox" which is powered by Artificial Intelligence (AI), communicates with all energy-demanding devices and audited through blockchain technology.

This users will be paid because of their participation to this box, that has a great aim worldwide for the energy saving and generation of more electrical energy.
The platform will utilize smart contracts on the Ethereum blockchain to increase transparency and Ai automation. As the blockchain is used for storing information about the user and household electricity usage per device, it will also execute parameters and initiate various gamification actions based on performance, allowing users to instantly earn a respectable income and exchange their cryptocurrency to fiat currency and transfer instantly to a debit card.

The smart box - powered by the artificial intelligence Simi - makes the SimBox a synchrophaser, smart meter and a crpytocurrency mining rig all in one. The Ai measures the flow of electricity through the building’s grid in real time, allowing users to actively manage and avoid disruptions and detect inefficiencies. The sensors across the network communicate with the grid and modify electricity use during peak times, thereby relaxing the workload of the grid, lowering prices and compensating our customers.

The other priority of the Simmitri is that they have been active in this field for many years now on and they have collected many data of their users.
Collecting data points from more than 4000+ clients has been paramount in the direction of moving into artificial intelligence as a new service of Simmitri. When analyzing user behavior data with other energy forecasting data points such as; timing, weather, location, providers and multiple others, the data had begun to show to Simmitri company and the team the practices for either conserving or producing energy of their users. This provides a comprehensive energy analysis, enabling participants to systematically yield the greatest rewards.

Everything for a successful token and smart contract for their blockchain is ready.

Lets get deeper into what this Company does and what is their approach!

A project that will save the energy for the future thank to their aim to build energy for the future.
Simmitri is a company that is active and successfully empowers their clients to think efficiently and save energy through their approaches on saving the energy.

How is this approach possible?

With Solar installations
Everyday new innovations are coming out. Simmitri is one of the companies that innovates the solar energy industry. By providing to every customer a clean power, designed and installed the way it should be done: with efficiency, comfort, health, safety and cost effectiveness.
Simmitri approaches Energy Management holistically. For health, safety, and comfort reasons, we do not simply look at an electric bill. Our building performance analysts will evaluate the "whole home" and recommend improvements, before installing solar.
Because of Simmitri's commitment to cutting-edge technology, we are uniquely positioned to provide energy storage solutions that few others, if any, can deliver. Simmitri also provides Off-Grid solutions - resulting in complete independence from the utility company.

Special roof systems that use the solar energy is one of the inventions of the Simmitri company. As industry leaders for the Roof Systems Simmitri offers advanced roof systems that come with the strongest and safest roof warranty in America! The vast of knowledge of the “roof” enables this amazing company to effectively analyze and improve efficiencies - turning the roof into an energy producing asset.

Energy storage
By using the cutting-edge technology or system in the energy storage.

Because of Simmitri's commitment to cutting-edge technology, we are uniquely positioned to provide energy storage solutions that few others, if any, can deliver. Simmitri also provides Off-Grid solutions - resulting in complete independence from the utility company.

The combination of our adaptable and reliable storage solutions with high-performance solar technology gives businesses an energy solution that provides value and control. It allows companies to access the benefits of solar storage, along with rooftop solar, at significant scale.

When we are researching for the credibility of one company, our focus is on the team, reviews and their partners. So for Simmitri everything is 10/10:

The team of Simmitri company is amazing, starting from their CEO with high experience on this field.
Pam Garcia a CEO of Simmitri is a Lifelong entrepreneur, green energy enthusiast, award-winning leader and on the board of Silicon Valley Green Energy.

http://token.simmitri.com

The reviews about the Simmitri company are amazing you can have a special look and see what people say about this company in the link below;
http://simmitri.com/reviews/

One great example of one review from their customer:

• Interviewed a five companies to help lower my energy cost for my business. Simmitri was the only company that offered a comprehensive Energy Efficiency program. A few others offered changing out my lights to LED's and others just talked about solar.

• Simmitri has cleverly differentiated themselves by offering a comprehensive approach towards energy sustainability for homes. Beyond the cutting edge technology, the sales professionals, roofers, electricians, and engineers were a pleasant group to have working in our home.”

The other specialty of this company are their partners, and with who they are dealing with;

• The LG solar is shining there the most.
  

  The well-known brands in the industry of the energy!
  Their facebook page https://www.facebook.com/simmitri
  Read more about the company on their LinkedIn https://www.linkedin.com/company/simmitri/

  

  Me personally am amazed with this company and their work, and wait to see their success asap with the launching of the smart box and their own cryptocurrency. And want to share more details about their plan with the cryptocurrency usage and the blockchain system, why they decided to be on the blockchain, as we see many big companies already making announcements for their enjoying into the blockchain and the decentralized world of everything. Simmitri company made the same amazing move too.

  As I mentioned what SIM is, here I want to give a detailed information about it by Introducing SIM.

  SIM is the energy economy that aims to be built for the near future. Since our future is the blockchain technology,Artificial Intelligence and saving the energy. So with mixture of this three elements Sim was born within an elite solar company. Known as Simmitri, with their amazing approach of their solar installations, their amazing team, and partners also - with the mission to restore a “balance of power” and continue to build a strong community with a perfect relationships, which already exists because of their data collections since their beginning of the operations, as moving forward into the 21
  st century. SIM is the economic bridge that will fast track such relationship, providing a self-sufficient and decentralized network powered by artificial intelligence (AI), communicated through Internet of
  Things (IoT) and audited by blockchain technology.

  SIM is the cryptocurrency token generated from within the “SimBox”, built to balance power
  between the consumer, prosumer, innovators and utilities. Either way, SIM provides the consumer and prosumer with the incentive to reduce individual energy consumption, distribute to those who are in need and lighten the footprint we all stamp on Mother Nature. Isn't it incredible?

  

  Why Energy Sector?

  Over the past year: $324 millions has been invested in blockchain projects in the sector of Energy, currently more than 122 companies are working to combine blockchain into the energy market only in the United States of America. Additionally 40 more projects abroad the USA. And the potential of this sector is to grow for 15% in the next year. Because of the engagements of the customers, causing that never before in the history of electric management have consumers become so engaged in this sector.

  - Technology:

  The demand of the technology of the energy is always in increasing value and continuing to expand with the help of technology and new solar panels. First, storage; solar and wind have become more viable as replacements for traditional fuel sources when paired with storage capacity. And the cost of lithium ion battery modules has declined more than 70 percent since 2012, driving sharply increasing energy storage deployment in many countries. According to IHS Markit, residential solar and electric battery storage could become cost competitive with grid electricity by 2020.

  

  Big companies in the USA including the Fortune 500 companies are acting to make announcements of renewable energy goals and the projects that are innovative in the solar energy sectors.
  According to the WEF (World Economic Forum) report , a coalition of 9 more than 100 corporate entities set a goal of purchasing 60 GW of renewable energy by 2025. The report estimates that the coalition still has some 51 GW left to purchase in order to meet that goal, and questions whether current transmission plans can accommodate the increase in demand.
  Using solar home systems to improve electricity access in rural areas Improving access to modern forms of energy has a positive impact on the entire energy system, not only the security and access dimension. For instance, replacing kerosene, candles or biomass with cleaner forms of energy reduces the per-unit cost, addresses health implications for its users and supports economic development.

  Source:http://www3.weforum.org/docs/WEF_Fostering_Effective_Energy_Transition_report_2018.pdf

  
  New energy network paradigm with SIM.
  

  Why in blockchain?

  *There is a need to understand the distinction between public and private blockchain. Public blockchain enables everyone to use the network, initiate transactions, read data and join the network as miners. The bigger the network, the more secure it is. Private blockchain ismaintained by a closed network of nodes, or even a single entity.
  Therefore, for transparency and token economics features, public blockchain is preferred for this case. Market trend, programming possibilities and community with the Ethereum Blockchain and the functionality of smart contracts brings this solution as the main option. Ethereum blockchain introduced new opportunities, which Bitcoin and similar to Bitcoin protocol blockchains do not have. *

  Using SIM as an Ethereum-enabled code executes the smart contracts in a decentralized fashion. This means that on the blockchain not only the value can be putted, but also implementing different rules, according to which that value can be moved. SIM users do not need to trust any central server and can trust the blockchain consensus algorithm and output of the system.

  The smart contracts are pieces of code which are stored on the blockchain network (in each node's database on the Simmitri network). This defines the conditions on which all parties using the contract agree and certain actions described in the contract can be executed if required conditions are met.

  As we know, each transaction within the Ethereum network cost gas (fees). Therefore, to interact with the Ethereum network, wallets within the SimBox will have to own some amount of ETH currency to be able to initiate transactions of SIM tokens and pay the gas cost for each transaction within the network. To kickstart the platform, Simmitri will subsidize the first transactions and each new SimBox launched will have a small amount of ETH currency. Essentially, the SimBox will be a node running within the network. ​This will be an application running within the device (e.g. Node.JS application) that would:

  1. Communicate with Ethereum Network via API;
  2. Track the balance of wallet communicate;
  3. Initiate transactions;
  4. Communicate with crypto exchanges for instant crypto/fiat exchange.

  
  A self-sufficient network
  

  Simmitri team when pitching the idea of this network of self-sufficient, their main inspiration was the Monther nature. All living beings are self-sufficient life forms, living within an interdependent system. It is this balance between interdependence and self-sufficiency that allows the natural world to thrive in its diversity. Simmitri is integrating this principle of balance into its network by creating a hybridized version of the distributed network which is both self-sufficient and capable of participating in the decentralized network, thereby possessing the strengths of both.

  The DER program (Distributed Energy Resources)

  They are electricity-producing resources or controllable loads that are directly connected to a local distribution system or connected to a host facility within the local distribution system. During high energy demand times and when the grid is stressed, the 19 utility company sends the Simmitri Cloud a request for its aggregate of customers to cut consumption as a demand response initiative thank to the Artificial Intelligence. As shown in the figure.

  

  By acting as the gateway between the utility providers and the home's devices, users receive requests from utility providers to cut consumption and will automatically conserve energy based on unneeded usage at that time. The memory is then logged into Simi’s database on where, how and when the nodes in the network became more energy efficient. This will begin programming 'scenes' which learns through human behavior and is triggered by utility network demands.

  

  Isn't the Gamification what attracts us the most? We should remember the steemit is the same, they use the gamification method attracting users to make contents and get the upvotes, this is how steemit became successful. Also SIM has their own method of Gaming.

  Gamification is one of the amazing way of SIM, to empower the community and increase the utility of the token within the ecosystem. As energy conservation is one of the main goals for competition between buildings, this would increase the motivation even more. A dashboard, connected with a social media app, is presented with ratings of homes/buildings that saved the most electricity on a weekly/monthly basis, or even in real-time. A certain pool of tokens will be distributed by airdropping each day/week/month among the top energy-saving participants. Competitions could happen between neighbors, between cities and later on, even between states and nations. Official awards and badges would be presented to the winners with bonuses in the exchange.

  As the ecosystem of users seek energy-saving strategies, this could become very attractive for energy-saving device manufacturers or HEMS. Token holders would be eligible for special discounts on devices offered from manufacturers and become increasingly more engaged in their own data results.

  As a token holder, the longer users hold tokens, the bigger the discount received or bonuses
  earned. Such benefits would motivate users to hold their tokens for a longer term and also shall
  result in the value of tokens to increase.

  Go and reserve your tokens of the SIM http://token.simmitri.com Make sure you read about their Whitepaper in the link by clicking in the link http://token.simmitri.com/assets/pdf/SIM_White_Paper.pdf

  My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1171440;sa=summary
  Thank you for your time to read this long article.