https://www.youtube.com/watch?v=Vs7S3KWJnH8

**At this point in time, we are seeing how traditional energy industries are influenced by fast-growing emerging markets. And for our energy industry to be able to continue to meet all our needs, it will have to adapt as quickly as possible to the conditions of the modern market**.

Experts believe that now there is the same transition from traditional energy industries (oil and gas and coal) to hydropower and other renewable energy sources. Thereby ensuring a large share of energy consumption, which in turn will lead to an increase in consumption by 45% by 2040.

**Scientists have analyzed and identified five problems that threaten the energy ecosystem**:
*1) every year it is more and more difficult to maintain the energy balance*;
*2) slows down the development of infrastructure and delivery of natural gas*;
*3) more and more people are starting to use different biomass for heating their own homes*;
*4) and also expensive modernisation and cogeneration CHP*;
*5) plus opposition of energy efficiency with energy deficit*.
Therefore, currently, renewable energy and nuclear power are among the fastest growing sources.

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Another problem today is the complex mechanism of balancing services, and sometimes not at all available in individual segments of production, terms of implementation and their safety. Thereby increasing costs, undermining the effectiveness of balancing and delivering ultimately.

https://www.youtube.com/watch?v=XDWMzjv8O3A

Responding to the strategic challenges, the Bittwatt project plans to provide real values for each consumer. Using The bittwatt platform, every consumer will be able to find the most suitable solutions for supplies to the decentralized market. Which will operate on the principle of full transparency, openness and security using blockchain technology.

**What problems plans to solve project Bittwatt?**
In its traditional form, the entire energy system is built on the exchange of information, which is sometimes quite unstructured. And filling out a huge number of documents (both at sale, and at purchase of the electric power) sometimes there are superfluous actions which only lead to increase in the prices. But that's not all. Sometimes the reason for the price increase is temporary financial or bureaucratic restrictions. That is, if we consider these problems from a technical point of view, they arise as a result of the lack of price regulation process (increasing the costs of suppliers by 300% -400% of the original price level) affecting ultimately the consumer.

**To solve these problems Bittwatt plans:**
*1) ensure cooperation between all energy markets*;
*2) create an international trading platform based on blockchain, which will be completely transparent for all participants of the system*;
*3) as well as to create an effective smart system that will allow you to flexibly and quickly meet all the needs of customers*.

![Снимок экрана 2018-04-02 в 14.18.29.png](https://steemitimages.com/DQmWA41XmiM9AURXhR8XB91dGaptzcDfukwrhpceHuAk3S7/%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202018-04-02%20%D0%B2%2014.18.29.png)

Thus, Bittwatt will apply minor interventions in the market structure, providing only to all users (traders, suppliers and manufacturers) regardless of their size – its platform. Which without problems will help to structure energy supplies, and also to use effectively all available resources, satisfying all needs of clients quickly and qualitatively. To do this, Bittwatt plans to use an integrated data logging service that will allow both new and existing suppliers to process data quickly, as well as easily sell energy using modern and reliable methods.

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**That is, the main advantages are Bittwatt**:
- *reduced costs of power transmission*;
- *data transfer rate*;
- *ability to scale a large number of users*;
- *absence of intermediaries, where the whole business model excludes the participation of third parties*.

Therefore, all services Bittwatt will be created based on Ethereum. A total of about four hundred million BWT tokens (where one token will be equal to 1 kWh) will be issued, which in turn will allow BWT tokens to pay for all products and services of The bittwatt platform. And also to make calculations between producers and consumers of energy.

At the moment, the ICO of this project is being actively carried out and all raised funds will be used only for the further development and design of The bittwatt platform. I believe that this idea has great potential and deserves special attention. So I invite you to explore this concept in more detail.




**All the necessary information can be found on these links:**

*Website:* https://www.bittwatt.com/

*Telegram:*  https://t.me/bittwatt

*Whitepaper:* https://www.bittwatt.com/static/files/Bittwatt-Whitep..

*Join bounty:* https://bountyhive.io/join/Bittwatt

*My Bountyhive:* https://bountyhive.io/r/sergeyklimenok