The ROX Universe Platform cannot be disputed as one of the few ideal steps effected over the course of the past few years in the energy sector. It offers the users an absolute perspective over their domestic energy situations, while proposing effective management strategies to save cost, the environment and energy itself.
Also, it is no news that the ROX Universe platform boldly exploits the elements of Industry 4.0 – Artificial Intelligence, Big Data, Machine Learning and IoT. However, one part that should strike fear in the hearts of energy retailers, should be the clever introduction of Blockchain to control the circulation of ROX tokens on the platform. After all, they have long since served as intermediaries between electricity generators and consumers, and here is something that can easily take all that away.
For some time now, Blockchain has revolutionized contracts, with its decentralized ledgers not only providing unbreakable digital anonymity in contracts, but also potentially questioning the need for an analog or traditional approach to governance and management. There is no need for a higher power wielding suppressive power, instead, Blockchain insists that concentrated compromises, candidness and communal votes are all that are required in governance.
The ROX Universe Platform will by combining HEMS, AI, IoT & Blockchain give ample space for its ministrations which could include Peer-to-Peer(P2P) energy trading. In the new world that Blockchain will serve The ROX Platform to create, clients will reserve the ability to transfer energy between each other in exchange for profit. An exchange that is certain to not only ensure that energy is used smartly, but is also sold at a cheaper price than utility points offer.
What’s more? Anybody can take part in these exchanges, regardless of being a small energy generating company or a domestic solar plant owner. With the ROX Universe platform, users already have a detailed report of all the energy happenings in their household, and along with the information, they possess a connectivity to an energy market to carry out sales and purchases of energy at cheaper prices. They are in total control and there is no need for a middleman.
However, there are some schools of thought whisper a different approach to the power that the ROX Universe platform threatens energy providers.
Firstly, ROX Universe can unite the benefits of all involved parties in the energy value cycle. While the ROX Universe can champion a war between the new companies and existing energy providers, one might not be forgiven for imagining that it could instead find a place for all the prosumers, consumers and suppliers.
Also, when it comes to harmonizing the inflow and outflow of energy. By using real-time transactions, and the many services provided with the ROX Universe platform andare aimed at getting smarter use of energy, unstable markets like solar and wind energy can exploit the flexibility of the platform to regulate demand or provide a faster link between suppliers and consumers as the case may be. This might even overshadow the need for acquiring greater production capability as demand is met.
All in all, with a service that already guarantees energy savings that can be quantified to about 30%, there are innumerable applications for such an enormous potential like the ROX Universe Platform. For now, it is focused on cleaner and smarter energy for it users, but as far as the power sector is concerned, the ROX platform is the heir-apparent!