Imagine being a German EV driver, not having to register with several of the 400+ EV charging operators just to get energy on the road, but paying with a “Watts” token accepted by any of them.

What would that mean to users and operators?
Thread 1/12👇

2/12 Based on IOTA “coloured coins”, “Watts” could be coupled to fiat currency or energy units (e.g. kW)

If "minted" by a consortium of EV charging operators, drivers would only have to register with ONE of them to get "Watts" but be able to use them to pay on ALL charging poles
3/12 "Watts" could additionally be sold in "gas" stations or supermarkets like todays' vouchers (cellphone credits, Google Play Store, PSN, Steam, etc).

Sold as vouchers for cash, buying "Watts" would even be (nearly) anonymous.
4/12 If “1 Watts” would be equivalent to 1 cent, minting tokens worth 5 billion € would cost the operators just ~1,500 €.

That’s "dirt cheap" in terms of infrastructure cost, especially when considering that “Watts” could be transferred infinitely w/o ever incurring any fees
5/12 A major headache when it comes to digital (cc) payments usually is "control".

With IOTA-based "coloured tokens", the operator consortium would stay in full control of their "Watts" token. In case they need more than 5 bn worth of them, they could create "Watts" v2 any time
6/12 All 400+ operators currently need to settle with customers individually, incl fees, with payments bouncing, sometimes even defaulting

With “Watts”, operators would only settle among themselves, reducing their overhead of conducting business by 99% + have no risk of defaults
7/12 Without the need to have customers pre-register in order to pre-approve their payment details, operators could ditch large parts of their IT infrastructure, have no payment processor fees and less headaches about security and GDPR - but greatly extend their customer base.
8/12 If “Watts” would be transferable, charging operators could extend their business model by becoming "markets" in allowing EV owners to sell energy to each other through their infrastructure - while retaining a small fee of course.

A “profit only”-opportunity for them.
9/12 EV owners could charge cheaply at night, while power plants produce excess energy, and sell for a small profit during the day, thus level peak energy consumption (& production), resulting in less waste, less cost and wear on the infrastructure.

Literally everybody would win
10/12 The benefits of interoperability aren't limited to EV charging. The Powerwall e.g. already enables transfers between EV and house.

How long until energy can be sold to neighbour houses or even strangers? Impossible based on paper-contracts, but easily enabled by “Watts”.
11/12 Here’s the kicker:

A “Watts” token, if created as "voucher for a redeemable unit", would not be different to any voucher topping up a cellphone, PSN credits, Steam, iTunes, etc.

So, “Watts” would most likely be perfectly legal - already under current legislation.
12/12 The opportunities posed by cheaply "minted", feelessly transferable, secure, „coloured tokens“ seem infinite.

They are only available as "alpha" version yet. But it seems not a question whether a use-case for them can be found, but rather 'when' the first one will emerge.

More from Tech

These past few days I've been experimenting with something new that I want to use by myself.

Interestingly, this thread below has been written by that.

Let me show you how it looks like. 👇🏻


When you see localhost up there, you should know that it's truly an experiment! 😀


It's a dead-simple thread writer that will post a series of tweets a.k.a tweetstorm. ⚡️

I've been personally wanting it myself since few months ago, but neglected it intentionally to make sure it's something that I genuinely need.

So why is that important for me? 🙂

I've been a believer of a story. I tell stories all the time, whether it's in the real world or online like this. Our society has moved by that.

If you're interested by stories that move us, read Sapiens!

One of the stories that I've told was from the launch of Poster.

It's been launched multiple times this year, and Twitter has been my go-to place to tell the world about that.

Here comes my frustration.. 😤

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The chorus of this song uses the shlokas taken from Sundarkand of Ramayana.

It is a series of Sanskrit shlokas recited by Jambavant to Hanuman to remind Him of his true potential.

1. धीवर प्रसार शौर्य भरा: The brave persevering one, your bravery is taking you forward.


2. उतसारा स्थिरा घम्भीरा: The one who is leaping higher and higher, who is firm and stable and seriously determined.

3. ुग्रामा असामा शौर्या भावा: He is strong, and without an equal in the ability/mentality to fight

4. रौद्रमा नवा भीतिर्मा: His anger will cause new fears in his foes.

5.विजिटरीपुरु धीरधारा, कलोथरा शिखरा कठोरा: This is a complex expression seen only in Indic language poetry. The poet is stating that Shivudu is experiencing the intensity of climbing a tough peak, and likening

it to the feeling in a hard battle, when you see your enemy defeated, and blood flowing like a rivulet. This is classical Veera rasa.

6.कुलकु थारथिलीथा गम्भीरा, जाया विराट वीरा: His rough body itself is like a sharp weapon (because he is determined to win). Hail this complete

hero of the world.

7.विलयगागनथाला भिकारा, गरज्जद्धरा गारा: The hero is destructive in the air/sky as well (because he can leap at an enemy from a great height). He can defeat the enemy (simply) with his fearsome roar of war.