ETAINPOWER – The Blockchain-based Energy Ecosystem Powered by AI

INTRODUCTION

Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

ADVANTAGES OF BLOCKCHAIN IMPLEMENTATION

Decentralized Payment Processing

The payment processing framework for global commerce is based on a centralized system which requires the services of third-party authenticators. These third-party agents are responsible for ensuring the fidelity of the global payments system and they charge fees for their services. One of the fundamental philosophies behind the operation of the blockchain is the removal of these third-party agents and their associated cost of trust and replacing them with a robust, functioning distributed ledger payment framework.

Creating an Immutable System of Record

The blockchain is the first successful implementation of the distributed ledger framework. On public blockchains, the distributed ledger constitutes an immutable system of records that is available to all participants. The immutability of a blockchain ensures that it is tamper-proof.

Reducing Cost of Transaction

Payment processing remains the basic level of commerce but it is one that has not seen much in the way of evolution since the emergence of fintech protocols. Blockchain technology has the potential to disrupt commerce by causing a paradigm shift in the mechanism by which transactions are carried out. The fees charged by third-party actors and middlemen in the payment chain constitute a considerable portion of the cost of transactions. By eliminating the middlemen, the cost of transaction is materially diminished.

Enhanced Security

Operating on a multinational scale opens up any enterprise to the activities of hackers looking to breach the structural and functional integrity of the platform. Blockchain technology offers a robust security framework that makes it difficult for hackers to make an incursion into the platform. There is no central point of failure and hence no single point of entry for malicious digital attacks. This ensures the safety and security of the data collected by field agents and the payment processing network. that provides an accurate accounting for the entire platform.

As more technological advancements are uncovered, EtainPower, a renewable energy financing and trading ecosystem empowered by both blockchain and AI technologies came on board.

ABOUT ETAINPOWER

EtainPower is a renewable energy finance and trading ecosystem supported by blockchain and AI technologies. Supported by a team of top engineers from Silicon Valley introducing an innovative blockchain architecture to override global renewable energy assets, enabling them to trade quickly and freely through our decentralized and decentralized blockchain technology platform quickly.

EtainPower is a team of experts with a Blockchain technology background, they assist in delivering renewable energy projects overcoming their financial barriers while improving the operation of today’s electrical utilities and enchanting the power of the transaction equation. Therefore, energy has a lot of understanding that suits the researcher who examines it, but in the end the hypothesis of each energy is the same that there are forces that can change but can not be eliminated or made.

FIND BELOW A VIDEO PRESENTATION ABOUT ETAINPOWER

EtainPower develops solutions for people and businesses to harness the power of renewable energy sources. With the power of blockchain technology, they provide scalable and transparent solutions for generation and use of renewable energy. The project can be funded by investors worldwide, and smart contract-based rules and regulations are defined on the platform. Two tokens launched by the platform are used for different purposes. Token EPR (Token Platform) and PPS Token (Power Points) are used by project contributors and producers on the platform.

The Solution

Energy Token

EtainPower is a blockchain-based transaction platform for renewable energy financing. Through the platform, energy producers can establish connections with global investors to meet their project financing needs.

Diversified Investment Returns

Investors who help finance renewable energy projects on the EtainPower platform will have many options for using their energy tokens. Apart from exchanging the energy tokens for EPR through the platform, they can purchase electricity through local providers or use energy tokens in EtainPower’s ecosystem to pay for various other services.

Power Grid Intelligence

The EtainPower mission is to build a smart power grid that operates based on decentralization, transparency, and zeroemission principles. EtainPower will not only include renewable energy microgrid and distributed generation power projects in the ecosystem, but also establish partnerships with power utility companies.

Remember the mission is to combine blockchain and AI technologies and apply them to the global energy network with the goal to break the monopoly position of traditional energy giants and bring true decentralization to the smart energy ecosystem

Blockchian Technology

Artificial Intelligence

EPR Token

EtainPower Features

Blockchain technology is an innovative internet database technology. It is an independent, decentralized, verifiable,and permanent database that coexists in multiple locations and is shared by the community. By design,blockchain is inherently resistant to data tampering. Once a transaction happens on the platform, it is verified by everyone within the platform.

Tokenized Renewable – Energy Financing

Multiple Usage of the – Energy Token

Continuous Value – Growth of EPR Token

Intelligent Power – Utilities

EtainPower AI Grid

EtainPower smart grid will integrate artificial intelligence and big data and implement an advanced network and IoT technologies to monitor, manage and coordinate all the power generation and consumption facilities in the grid. EtainPower will not change the existing power grid infrastructure but will provide the tools to maximize power transmission and balance distribution management. Based on the demand of power end user, EtainPower smart grid technology will optimize power distribution to balance load, reduce operating costs, minimize environmental impact, and maximize stability. EtainPower will revolutionize the current fossil fueldependent power structure, provide energy security for all regions, cut pollution that may lead to climate change, and drive economic growth.

Token Sale and ICO Details

EtainPower platform has two tokens: the platform token (EPR) and the energy token, PowerPoints (PPS). The two tokens are used together to achieve the AI-based energy trading platform powered by blockchain. Renewable energy producers can issue PPS to investors to finance their projects. The actual value of the PPS equals the price of electricity the producers commit to delivering in the future. During the project financing stage, the renewable energy producer sells electricity to investors in the form of PPS, at a price lower than the actual value. The value of PPS will be activated when the project generates revenue.

EtainPower’s EPR token can be obtained through a public offering or through exchanging PPS from financing a renewable energy project.

Token Details

Token: EPR

Price 1 ETH : 65,000 EPR

Platform: Ethereum

Accepting: ETH

Country: Malta

Whitelist/KYC: None

Main Terms of The EtainPower Token Sale:

Token Allocation and Use of Funds

EPR Token Allocation Plan

Token lock-up period:

Founding Team & Advisors (20%): 3-year lock up period.

Releasing schedule: 30%, 30%, 40% in year 1, year 2 and year 3 respectively.

Foundation Reserves: 5-year lock up period.

Release schedule: 20% every year.

Ecosystem rewarding pool: 5-year rewarding period for early platform participants.

Community development and operation: will not be locked.

Use of Funds

Proceeds raised from token sale will be used for the R&D of EtainPower platform, and the business development.

According to EtainPowers development plan, the funds will be used as follows:

45% of the proceeds will be used for the EtainPower platform and ecosystem development.

10% of the proceeds will be used for legal compliance with the energy sector requirements.

15% of the proceeds will be used to acquire other energy blockchain technologies and assets.

15% of the proceeds will be used for advertisement, branding and business development.

5% of the proceeds will be used for daily operating expenses such as office expenses, travel expenses, transportation expenses, conference fees, and office staffing costs.

ROADMAP

Q3 2017

EtainPower has officially started.

Q2 2018

Contracted with Antigua Electric Utility

Q3 2018

PPS Wallet 1.0

We have completed the screening criteria for project financing.

Q4 2018

Crowdfounding Platform.beta

600MW energy project contract signed

January 2019