ENG ARTICALS 5 MUS 02

1. YOUR OWNED MULTI UTILISED CRYPTO. The Adoption Of Blockchain Technology In The Energy Sector Will Generate Over $3 Billion By 2025 Owing To An Increase In Deployment In The Power, Oil And Gas Sectors, According To Global Market Insights. DeFi (Decentralized Finance) Stands For Financial Applications Of Fungible, I.e. Exchangeable, Value, NFTs (Non-Fungible Tokens) For Semi-financial Applications, And DAOs ( Decentralized Autonomous Organizations) For Non-Financial Applications That Get By With Only Limited Human Interference, Such As Online Voting Or Decentralized Governance. Although The Water Crisis Is Reaching Epic Proportions, Water Exchange markets Have Been Barely Discussed In Literature. Existing Solutions Arestill In The Infancy Stages, Especially When The Business Models Motivating Parties To Adopt These Solutions Have Hardly Been Explored. Energy Trading Platforms Have Been Heavily Discussed, But Having A Per-utility Platform Is Not The Optimal Solution. engcrypto.io

2. To Address This Issue, In This Work, We Propose A Multi-utility Market Framework For Exchanging Resources / Utilities. Balancing The Supply And Demand Of Variable Energy Sources Such As Wind And Sun Is An Industry Challenge. Energy Coin Could Resolve This By Enabling Real-Time Transactions Between Power Generators And Storage Providers In Response To Actual Supply And Demand. This Type Of ‘Energy eBay’ Encourages Participation In Power Markets And Incentivizes Consumers To Adjust Their Energy Consumption In Response To The Amount Of Available Energy Supply. Token,s Technology’s Relatively Low Transaction Costs Allow Smaller Energy Producers, Or ‘Prosumers,’ To Sell Excess Energy They Don’t Use. Blockchain Investment In The Energy Sector Is Expected To Reach More than $5.8 Billion By 2025 With Microgrids Playing A Leading Role Reducing transmission Losses And Deferring Expensive Network Upgrades. The Nature Of Microgrid’s Distributed Generation Offers Efficient Energy management, Continuity Of Supply, As Well As A Reliable Back-Up Power To Safeguard Against Outages. Complex Systems With Multiple Actors Have The Opportunity To Benefit From Blockchain Technology. For Example, Petroleumis One Of The Most Traded Commodities And Requires A Network Of Refiners, Tankers, Jobbers, Governments, And Regulatory Bodies. The Complex Network Of Participants Suffers From Siloed Infrastructures And Numerous Process Inefficiencies. engcrypto.io

3. Large Scale Oil And Gas Conglomerates Are Seeking To Invest In And Implement Blockchain Technology Because Of Its Ability To Lower Costs And Reduce Harmful Environmental Impacts. Oil And Gas Companies Are Particularly Concerned About Privacy And trade Secrets. These Private Blockchain Networks Offer Data Permissioning And Selective Consortium Access To Pre-Approved Parties. Private And Consortium Blockchains Provide An Interimsolution Until Public Blockchains Can Implement The Necessary Privacy Features Businesses Demand. The Main Benefits Of ENG In The Energy Sector Are : Reduced Costs Environmental Sustainability Increased Transparency For Stake Holders While Not Compromising Privacy. Eng Crypto Has The Potential To Help Utilities Lower Operational Expenditure, Increase Efficiency, Improve Transparency, Reduce Capital Requirements, And Expensive Upgrades. With Energy Token, Utilities Can Unlock New Revenue Streams By Empowering Consumers And Prosumers Toplay A More Active Role In The Energy Market. ENG WILL BE THE ‘ ’ CONNECTING THE FUTURE. GLUE engcrypto.io