The Internet of Things is a vast network of sensors and smart devices combined with advanced analytics and cloud services that is augmenting (and disrupting) many industry sectors.
B-Tech seeks to work with manufacturers and vendors of IoT devices and connectivity tools to identify market opportunities to pursue. B-Tech's strategy and management services support companies with sensors, connectivity management, IoT platform analytics, security applications and digital services.
B-Tech's general capabilities include:
· Helping companies create or refine an IoT strategy and determine the highest value ways to incorporate IoT into existing business processes, new businesses, and performance improvement efforts.
· Assisting companies to develop next-gen operations that incorporate IoT proofs of concept, digital roadmaps, and the associated analytics that turn data into action.
· Working with vendors to understand customer needs, form the right partnerships, focus on the most attractive opportunities, and meet the security challenges inherent in IoT devices and applications.
· Identifying advanced analytics expertise to help customers derive maximum value from the enormous amount of data generated by IoT.
· Helping vendors scale their IoT product and service offerings as we work with customers to address the organizational changes needed to build IoT into their digital strategies.
B-Tech's Implementation Services
At the implementation stage, we render the following consulting services:
Refining IoT project management. With consistent and efficient reporting on project status, resource workload, and expense tracking, we provide the benefits of sound coordination of resources, clear formulation of goals, persistent process coordination, and end-to-end process transparency.
Facilitating collaboration between business project stakeholders and an implementation team. We help coordinate multiple stakeholders and engineering teams to ensure productive internal (senior management, operations, IT and security managers) and external (hardware and software vendors, connectivity providers, etc.) collaboration.
Helping with missing IoT-specific technical knowledge and skills. We are ready to join your team at any stage of an IoT solution’s planning and implementation to provide help in the areas where expertise may be missing: big data, IT security, artificial intelligence, etc.
Taking on any part of implementation. We can support any part of implementation: from enabling the communication between smart things and the cloud software to integrating IoT solutions with other enterprise systems.
Blockchain technology is primarily known from cryptocurrency applications, however, the fundamental distributed ledger technology presents tremendous opportunities for tracking and using renewable energy sources (RES) and distributed energy resources (DERs).
Key use cases exist in the energy sector, including emerging peer-to-peer (P2P) energy trading, Internet of Things (IoT) applications, decentralized marketplaces, and electric vehicle charging.
Blockchains are shared and distributed data structures or ledgers that can securely store digital transactions without using a central point of authority. More importantly, blockchains allow for the automated execution of smart contracts in Peer-to-Peer (P2P) Networks. Instead of managing the ledger by a single trusted center, each individual network member holds a copy of the records’ chain and reach an agreement on the valid state of the ledger with consensus.
The exact methodology of how consensus is reached is an ongoing area of research and might differ to suit a wide range of application domains. New transactions are linked to previous transactions by cryptography which makes blockchain networks resilient and secure. Every network user can check for themselves if transactions are valid, which provides transparency and trustable, tamper-proof records.
Exciting P2P trading platforms are being developed, however, they have the potential to radically change established roles of incumbent energy suppliers and grid operators. Certain regulatory bodies have granted special permission to pilot projects to examine potential benefits for consumers and energy system operation. Blockchain technologies have started to prove their potential in decentralized microgrids, however, they face challenges in balancing, integration with central controls, and coordination with the main grid.
B-Tech follows the Energy Web ( EW) www.energyweb.org, “a global nonprofit organization accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and other decentralized technologies. EW focuses on building core infrastructure and shared technology, speeding adoption of commercial solutions, and fostering a community of practice.
In 2019 EW launched the Energy Web Chain , the world’s first open-source, enterprise blockchain platform tailored to the energy sector. EW’s technology roadmap has since grown to include the Energy Web Decentralized Operating System (EW-DOS), a “blockchain-plus” suite of decentralized solutions. EW also grew the world’s largest energy blockchain ecosystem comprising utilities, grid operators, renewable energy developers, corporate energy buyers, and others.”
B-Tech seeks to partner with companies that have developed and look to deploy blockchain solutions for the energy industry that are focused on decarbonization, decentralization and digitalization.