Electrify.Asia (ELEC)

Electrify.Asia (ELEC) widget

ICO date: 22.02.2018 - 28.02.2018
Product Type: Marketplace
Industry: Energy & Utilities
Description:

Electrify plans to develop a decentralised energy marketplace that runs on the blockchain. The marketplace will allow anyone to source for energy from commercial energy suppliers or to buy directly from a private producer via ELECTRIFY’s peer-to-peer  trading platform "Synergy".

Features:

The ELECTRIFY’s price-discovery and intelligence platforms offer consumers more choices while providing energy providers with data-driven analytics on customers usage patterns.

    The ELECTRIFY platform will be enhanced with Synergy, a peer-to-peer energy trading platform through the use of smart contract.

   The ELECTRIFY will leverage blockchain technology to facilitate the transition from a marketplace into a decentralized energy exchange.

   The development of the ELECTRIFY ecosystem will be timely in the second half of 2018, where it will undergo a significant proof of concept.

   Energy consumers will also be able to subscribe to ELECTRIFY’s intelligent switching service that will employ artificial intelligence to recommend the suitable energy plan and provider.

   The ELECTRIFY users can opt to authorize ELECTRIFY to automatically choice of energy supplier according to optimization preferences.

   The ELECTRIFY will develop an SDK layer for electricity retailers to develop and customize their own retail electricity plans that can be offered to consumers.

   The ELECTRIFY allows any individual or organization to set up a retailer business.

Founded: Singapore
Website: electrify.asia
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
Medium 2.0 / 5.0
Risk score
High

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