Brillouin Energy to bring Blockchain to the Energy Industry |
Robert godes: founder, president, and chief technology officer of brillouin energy
As a soon-to-be licenser of technological intellectual property relevant to LENR energy systems manufacturers, will be bringing IoT and Distributed Ledger technology (DLT) to the energy generation industry.
“Brillouin systems create heat at both residential and industrial grade levels using a patented LENR system design,” says Brillouin founder and president . “These systems are controlled by complex electronics that need only be slightly extended to allow for both historical and near-real time feedback data streams on their performance and metrics.”
Brillouin plans to implement DLT technology in every system to ensure that it is able to both gather and aggregate near-real time performance data on every energy system in production use, as well as be able to look at any individual energy system and gather meaningful metrics from that system for analysis and even troubleshooting. “It also is worth noting,” adds Godes, “that, with the exception of some edge cases, the majority of systems will have access to networking infrastructure, and Brillouin will endeavor to ensure that all systems (where possible) are network-connected at least periodically as part of the licensee and maintenance requirements.”
The company recently released a on its vision for renewable energy and is conducting briefings with qualified investors.
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Over the past 24 hours, the bitcoin price has dropped from $15,900 to $13,000, recording a 19 percent decline in value.
Major Market Correction
The price of bitcoin fell sharply as the entire cryptocurrency market experienced a major correction. The combined market valuation of cryptocurrencies fell from $600 billion to $489 billion within a single day.
Analysts have attributed the recent decline in the price of bitcoin and every other cryptocurrency in the market to the latest bull run and strong rallies of the cryptocurrency market. Several cryptocurrencies including bitcoin, Litecoin, Ripple, and Ethereum have recorded nearly 100 percent gains in the past 30 days.
bitcoin in particular has recorded a 63 percent monthly increase in value since November 23, even with the recent price correction which sent the bitcoin price from $15,900 to $13,340.
Last week, as soon as the price of Litecoin recorded a staggering 150 percent increase in a three-day span, Litecoin creator and former Coinbase executive Charlie Lee cautioned investors and Litecoin users about a potential correction.
He emphasized that a strong rally or a bull run in the cryptocurrency market is almost always followed with a minor or a major correction
“Every crypto bull run I’ve seen has been followed by a bear cycle. The market needs time to consolidate. That’s just my experience from 7 years of watching this space. How low and how long it will be is TBD. People need to be aware of this possibility and invest responsibly,”
Large-scale corrections are beneficial for bitcoin and the cryptocurrency market because they prevent short-term bubbles from forming. Upon the occurence of corrections, the market shakes off weak hands and stabilizes, as speculators drop off.
bitcoin Has Had Many Major Corrections of Similar Scale
Cryptocurrency analyst and researcher Robert Reid noted that bitcoin has had six major corrections during which its price fell by more than 30 percent in 2017. Each correction was followed by an increase in value of 76 percent, 237 percent, 183 percent, 165 percent, and 152 percent, as the market stabilized and prepared for new rallies.
bitcoin has “crashed” 30% SIX TIMES in 2017. Each “crash” has been followed by an increase of: 76%, 237%, 183%, 165%, 152%. bitcoin takes 7 steps forward, 2 steps back, 7 steps forward, 2 steps back. Every 2 steps back is heralded as the end of . Relax!
— Robert Reid (@robertreidmd)
As it always had done in the past, the price of bitcoin will likely recover and gear towards a new all-time high in the upcoming weeks. The price of bitcoin has already recovered after falling to $12,000 merely hours ago. At the time of reporting, the price of bitcoin remains above $13,400 across major markets and exchanges.
In several regions such as Japan and South Korea, investors are still trading bitcoin with a huge premium, demonstrating that the demand for the cryptocurrency has not decreased largely over the past two days. On Bithumb, South Korea’s largest cryptocurrency exchange, the bitcoin price is $16,460, with a daily trading volume of $530 million.
