The article “Smart Cities, smarter management” (http://smartcityhub.com/governance-economy/smart-cities-smarter-management/amp/) has revealed the dimensionality of smart cities and clarifies that without civil commitment, there is no possibility of making smart cities functional.
The Smart City project is all about connecting smart communities, offering a platform and framework that exchange information, knowledge and experiences about energy management at home. How is the Smart City project seen by third-party experts?
Smart City Coin Project framework of energy and profitability solutions
Smart City Coin Project is one of the few energy-efficient projects with a robust operating framework. It uses different components, whose basic elements are reliable plug-and-play hardware for the intelligent home connected to the dedicated cloud, using blockchain technology. It provides decentralization by promoting domestic knowledge of energy and the use of solar energy. All the details have been designed in an interesting way to produce a holistic solution: a smart city ecosystem.
How does the Smart city project work?
Based on the design of the Smart City Coin Project platform, users can choose from the range of smart home kits that provide an effective way to monitor users’ home energy use.
On the other hand, participants can exchange energy services and experts in exchange for native SCCTN tokens of the platform.
As a result of effective energy management and sharing knowledge about it, the SCCTN tokens can be used as payments for different energy management hardware and software solutions in the dedicated smart city web store.
The aim is to engage network users to interact with each other. This interaction includes: sharing your individual energy measurement data, experiences with reducing energy consumption, producing energy with solar cells, as well as communications for commercial energy purposes.
How to participate in the Smart City Coin Project?
Participation in the Smart City Coin Project is possible thanks to multiple ways of participation as the team has ensured several possible methods.
First, holding the token, investors can buy SCCTN tokens – this opens the door to apply them. Through payments in tokens you can get hardware for smart homes. This includes solar cells in the established store of the Smart City Project – the www.smartcityshop.net. In this shop, interested participants can exchange up to 50 different currencies for the SCCTN tokens.
Another way to participate is through installation of kits for home conversion from a traditional to the smart one. Users of smart home conversion kits get rewards in SCCTN tokens. They are also rewarded for continued use of hardware devices. Once those devices are connected to the network cloud, users receive their reward in wallets. If the Smart City Coin Project platform is able to fully implement its Roadmap, then it can register a substantial influence on the world’s global energy markets. In this situational framework, the greatest beneficiary of all is our mother planet Gaia; everyone wins if the planet suffers less.
New technologies encourage things to improve
We are at a point in history when the way of doing things can be changed easily. Everything happens faster, the reach is more generalized and less individual. Collaborative networks like Bitcoin are giving a tool to millions of creative minds. This is why SCCTN was born: the ability to combine the blockchain with clean energy and innovation projects.
The transition model that makes users self-sufficient
Below is the described a transition from traditional energy use to smart energy use until the household transforms into energy self-sufficient home. The following stages describes the path toward self-sufficiency:
- 1. Understanding the energy.
- 2. Managing energy.
- 3. Initiation into the production of energy.
- 4. Storing of the produced energy.
- 5. Energy self-sufficiency, autonomous supply.
The Smart City Project team have devised the business model based on facilitating and providing these steps. The decentralization potential of the sectors that contain indispensable technological factors is increasingly common.
The decentralization of the energy sector will create fairer competition
In the current state of the market, the possibilities of choosing a real alternative arises again. After the forced globalization of every financial and technological sector, a new stage begins. During the last 3 years the growth of fintech start-ups has grown almost exponentially. Since the launch of Bitcoin, the negotiation model has been reinvented. The change and development is constant, forcing the updating of the consolidated models. The energy sector is not an exception, cryptocurrencies and tokens arose from ideas of change and end up generating changes. And it is always said that if you want something right, fast and tailored… it is best to do it yourself.
The energy sector has enjoyed a privileged situation, we will not discuss whether it has been intentional or not. In short, the market has been monopolized by giants of the industry that offer a few or no alternatives. The user can choose Corporation A or Corporation B, with slight and minimal differences. Consequently, the end user and client suffer from a monopolistic effect that reduces the quality of the service. To make matters worse, the shortage of competition facilitates setting exorbitant prices; situation that we are all familiar with – the loss of the economic power for the user. With the new decentralization models, the alternative offered by Smart City Project was born. A decentralized ecosystem that promotes doing things differently. Undoubtedly, a clear example of the new generation of DIY solutions (for the acronym in English of: do it yourself).
Constant work is vital to forge a large decentralized and monetized collaborative network
In the section of the website dedicated to the ecosystem, we find the following statement:
“We are still actively working on improving the ecosystem in many aspects. Our goal is to achieve circularity in as many fields as possible”.
Sources and useful links:
Official website https://www.smartcitycointest.net/
The SCCTN utility token https://www.smartcitycointest.net/utility-2/
Web Store https://www.smartcityshop.net/
White paper https://www.smartcitycointest.net/white-paper/