Block technology is more commonly used for the production and sale of energy. ApolloChain is one of these companies. It is a platform for trading energy based on smart contract technology. So if you want to switch energy and you want to use this platform, we are sure that you will be interested in this article.
What is ApolloChain?
ApolloChain is an energy exchange platform. The company's tokens are similar to the energy, and they are used to symbolize the energy sold on the platform. This is possible because you can use tokens (and just them) to switch them to energy on the platform.
In this way you can buy clean energy from the platform when you need it. The smart contracts provide a double encryption mechanism, which means no data will be stolen from you if you use the platform. Moreover, it is safer because of how the blocking works in a decentralized way, instead of the entire network being focused on a single entry point.
The use of ApolloChain can even save money and reduce contamination due to the solutions that the company has developed that reduces the amount of pollutants released into the atmosphere.
The company already has a five-year plan that runs from 2018 to 2022 on how to build a global network and make the company a fierce energy distributor and industry exchange.
Above all, the Apollochain Blockchain 3.0 technology is implementing its trading platform. Apollochain aims at all regulated and detailed energy markets around the world and can die in these countries and regions through current connections and resources to build important users that can be generators, wholesalers, consumers of institutional or individual electricity, to realize Transaction between the parties weakens centralized trading costs and avoids losses on state prices. In this case, smart grid with IoT (Internet of Things), AI (Artificial Intelligence) and Blockchain Technology becomes the critical physical foundation for achieving all of the above goals.
How ApolloChains Smart Contracts for Energy-Switching Platform Works
The company has a device called ApolloChain Smart Meter, also known as SOL. It uses power management communication technology to transfer data through a power grid that sends energy and encrypted information to the user. The device uses AI and smart contracts to work.
SOL's main features work in the frequency band from 10kHz to 490kHz, with a maximum coverage of 6 kilometers, supporting the LOADng protocol and the IEEE 802.15.4 MAC protocol.
Apollo Chain Team
This company was created by an entrepreneur called Craig Nalder, who has worked in the energy industry for more than 20 years. Other members are Peter Turnbull (Technical Partner), Charles Allen (COO) and Roman Voloshin (Sales Director).
The main advisors are Synth (founder of Skycoin), Daniel Lightwing (co-founder of Castella Research) and Kaicheng Wu (VP of Haitong Securities). The company's main partners are Skycoin, Gravitas Energy, Caara Solar and PNB Renewables India.
ApolloChain APL Token & ICO Details
The company will use its APL tokens as a way for you to buy energy on the company's platform. There will be a total of 100,000,000 APL tokens. At the moment, the company plans to sell 40% of these tokens in an Initial Coin Offer (ICO).
The pre-sale of the APL tokens ended recently (15 June). The main sale starts on July 1st and lasts until September 1st (or until the hard cap is reached).
Token-Sales has a soft cap of $ 8 million, and a hard cap of $ 30 million.
If the sale fails, the company will apply for private financing.
ApolloChain Rating
This looks like an interesting initiative in the energy sector. The company has some strong partners and seems to have its future on the track. Everything will really depend on whether this company is able to secure its funding, although this is an important milestone in the project in order for it to succeed.
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Author:(specsmuluk) https://bitcointalk.org/index.php?action=profile;u=1062194
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