Commonwealth environment for digital energy business.
Platform for creating, piloting and running new business models over the distributed energy market without a centralized billing system.
- Blockchain is used to guarantee confidence relationships between all participants
- Smart contracts and tokens enable building any business model between current and new players on energy market
- Core technology enables energy and money accounting between millions of producers and consumers within 5 seconds interval
How does it work:
1. Device installation
Onder-Voltaware device is placed on a rack inside the electricity panel. The metering is connected to the existing wire.
2. Device registration
Upon the installation, a unique key is created and recorded as a network participant. If device is disconnected from cable, all contracts become fixed and closed.
3. Connecting to network
The device connects to the network and registers as an energy network participant with a token.
4. Smart contract signing
Prosumers select an energy trading strategy and sign contracts: for device installation and maintenance, for connecting to the traditional network, for network maintenance and utility.
Price is updated every 5 seconds, an iteration of energy exchange is conducted and transactions are stored.