The blockchain networks have opened a new dimension to the transaction system and processing. Eloncity is the blockchain network decentralized its power to the infrastructure for millions of self-sufficient microgrids where people can use open technologies for making electricity free to electrify the world with clean energy. To fight with the electricity failure related problems, Eloncity has taken challenges to create solutions in a vibrant and sustained growth for all.
Therefore, it has been developing local communities for Eloncity Model with multifaced solution employed with renewable decentralized energy resources in terms of eradicating the barriers in the attainment of safe, healthy, vibrant and equitable energy future. To build the Eloncity model, it will need some key pillars. The first one consists of the decentralized renewable energy architecture comprised of several components.
High-performance Blockchain Technology Platform
This platform provides an open, sourced and distributed ledger with an efficient recording of high-volume and high-speed energy transaction into the community. The platform allows the community in establishing an auditable record to track down the sources of electricity generation in the community with renewable or fossil fuel.
The tracking electricity generation is auditable and few sources are critical for valuation of electricity based generation sources that monitor the progress of the community toward the process of de-carbonization. Usually, it is the duty of the blockchain network platform to facilitate the increased collaboration for sharing the resources mitigating the ingrained barriers to the adoption in widening the market to decentralize the renewable energy.
ELONCITY The task isn't new for world vitality, however they need to apply the blockchain innovation here. Eloncity - an undertaking whose objective is the decentralization of the whole world vitality framework with the assistance of blocking innovation. As indicated by data taken from the site, Eloncity will decentralize the whole vitality foundation into a huge number of Micro Grids. This innovation, to be specific the created vitality is accessible all day, every day, which is an enormous in addition to and it will make an exceptionally solid rivalry with utilities.
Power costs will be more straightforward. Everybody can utilize Eloncity innovation with the expectation of complimentary power creation. The primary objective of Eloncity is to take care of the widespread issue that influences everybody. The Eloncity venture centers around supplanting customary vitality frameworks with a power matrix foundation comprising of a large number of self-providing smaller scale systems, and along these lines makes sustainable power source generally accessible, whenever of the day.
This will wipe out the irregularity in the interest for sustainable power source, which is an intriguing issue as of late. Individuals around the globe are encountering political and monetary issues related with the diminishment of petroleum products, and in addition with the issues of creating sustainable power source.
ELONCITY utilizes blocking innovation to take care of vitality issues and will profit mankind overall. Eloncity innovation will help deliver power nearly for nothing, in this way furnishing the world with moderate clean vitality. Basically, one of the task's objectives is to lessen the cost of neighborhood power than the cost of power for the system to utilize showcase effectiveness to build the utilization of vitality stockpiling frameworks and decrease the cost of nearby power utilization.
Utility Tokens
The cryptocurrency utility tokens can facilitate the local energy exchange. For Eloncity, it is Eloncity Token or ECT incentivizes investment in the battery to energize the storage system so that they can store the harvested renewable energy. This also creates the open global marketplace enabling the communities all around the world accessing advanced renewable energy products and services.
On the contrary, the renewable energy products and services provide the benefits from the leveled and equal access to the unified marketplace promoting their offerings. Such tokens help in breaking down their siloed markets to liberate the deeply rooted constraints. This brings more communities into one shared regenerative economy in essence of the tokens can open up brand new market channels that will have efficiency in linking of resources and innovative products for energizing the consumers.
Renewable Generation
The community based or customer-sited renewable generation has the solar PVs coupled with the intelligent networked BESS. This can have the capacity to fulfill every or nearly every sort of local energy demands. This will be produced for renewable powers to eliminate some significant lesson to the needs in transporting the remotely generated powers through the widely complex and vulnerable grids.
This may need to be centralized with the help of T&D networks at the time of imitating the losses of transportation system from remotely produced electricity to the customer sites. Such energy will need to be produced locally while the decentralized energy will be required. It has some simple side steps for pointing out the vulnerabilities with some inefficiency to inherent in the centralized grid infrastructures delivering the secure, resilient and affordable energy services.
The decentralized renewable energy of Eloncity Model is employing the locally available resources integrating with a number of advanced technologies for the best practice in solar or wind powering in terms of producing electricity locally as per the consumption.
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