Currently, energy is primarily produced by large, centralized energy-plant rendering through Non-renewable Energy Sources (NRESs). The use of centralized energy plants run by NRESs causes energy losses during power transmission and environmental degradation. The high penetration of Renewable Energy Sources (RESs) into the power system reduces the environmental crisis and the energy losses as energy is generated close to where it is consumed. A solution to centralized energy generation is the introduction of Distributed Energy Resources (DERs). DER increases the overall cost savings for the customer, allows consumers to control their power, and reduces gas emissions by shifting from NRES to DRES
The evolving blockchain technology brings new potential for decentralized network designs and provides transparent and user-friendly frameworks. It creates opportunities for energy users to be involved in making choices about who supplies their energy and the technologies used to generate it.
The opportunity to use solar as a power source will have a significant positive impact on CO2, electricity costs and efficiency and therefore solar power/energy needs to be major consideration in any technology eco-system.
The company plans to develop decentralised solar farms which will allow it to generate its own energy and sell excess back to the grid. As a stand-alone system this will allow the company to reduce its operating costs and also generate income. However, as part of the Yotta eco-system it has huge potential, this includes the opportunity to power Yotta Cubes and other Yotta ecosystem products and services the company develops.
Yotta has introduced significant innovation in the manner of constructing the cloud-computing stack. This however does not change the sellable product encased in the concept of Infrastructure as a Service. The packaging of the solution offering as “IT as Energy” does align with major trends in the market and the company has been able to obtain letters of interest to underscore the potential demand and to launch the first phase of the deployment.
Yotta has taken the approach of providing the infrastructure instead of supply hardware to the industry. This has created an opportunity to sell capacity to existing cloud service providers instead of competing.
The innovation to making the cloud-computing stack is proprietary to Yotta as they have moved to a software-based platform. This makes Yotta one of the leading firms in this space and will give the benefit of a first entrant as well as create a platform for improvement, always staying ahead of competition.
YottaCard by Yotta Laboratories Ltd. We are now developing our own exchange solution, At the core of the exchange platform will be institutional-grade security and a powerful infrastructure that together, drive quick, secure, and authenticated transactions. In addition to the exchange development, we are creating a custom crypto exchange. This is to allow us to […]
As we have seen for the very first time in living memory, the food supply chain is very fragile, and with an ever-growing global population which is predicted to reach 9 billion by 2050, where most people will live in urban areas, this presents a food security issue. We know that people do not grow […]
When we started exploring how blockchain technology and distributed ledgers over five years ago, one of the first use cases I envisioned was called ‘Field to Fork’. Whilst the rest of the world was thinking about how they could become millionaires from crypto-currency, I could see the power of blockchain would solve the issue of […]
SMART SYSTEMS HOW RAPID ADVANCES IN TECHNOLOGY ARE RESHAPING OUR ECONOMY AND SOCIETY Everything that can be digital, will be digital, Physical products are transforming into digital products in three different ways: First, there is a class of products which will be entirely digitized. Music and video are well known examples. In 2014 already, the world […]
APPLICATIONS OF BLOCKCHAIN TO WEALTH AND ASSET MANAGEMENT Blockchain technology, also known as distributed ledgers, has a number of potential use cases within the wealth and asset management life cycle. Distributed ledgers are highly flexible; once implemented, they can be used to remove friction from the client onboarding process, streamline management of model portfolios, speed […]
BAZNAS (ZAKAT NATIONAL BOARD) OF WEST JAVA PROVINCE WITH YOTTA LABORATORIES LIMITED CONCERNING DEVELOPMENT OF ZAKAT MANAGEMENT DIGITISATION SCHEME THROUGH YOTTA TRAPS PROTOCOL IN WEST JAVA The Zakat National Board (Baznas) of West Java Province, the Republic of Indonesia, and Yotta Laboratories, a specialist institution engaged in technology DESIRED to engage mutual cooperation concerning the development for the […]