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Swytch

Swytch is a renewable energy incentive

Swytch is a blockchain based application that seeks to verify and reward the production of renewable energy through the issuance of an ERC20-compliant utility token. Swytch has a 1.5 gw pilot program operating in Germany, and has signed MOUs with four cities in Korea. Swytch attaches an IOT device to renewable energy sources that verifies the energy produced and reports it to an oracle that determines how many tokens that energy is worth based on a number of factors, which includes: geography, time of day, source of energy produced. We call this Proof of Production, and for this industry it solves the problems inherent with PoW and PoS.

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Token
SET
PreICO Price
$0.50
Price
1 SET = 0.50 USD
Bonus
Available
Platform
Accepting
BTC, ETH
Soft cap
None
Hard cap
60,000,000 USD
Country
USA
Whitelist/KYC
KYC
Restricted areas
USA
More on ICO
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About Swytch

Renewable energy credits and energy markets were created to encourage renewable energy use by companies, governments, and NGOs. Any credible exchange requires transparency and accuracy in the transactional data of the asset or credit.  However, the actual production data that contains where, when, and how renewable energy was produced is difficult to come by today.  Swytch is using its Proof-of-Production protocol and decentralized, open-sourced blockchain technology to create a more efficient deployment of renewable energy resources. As the Swytch network grows, so to will the value of the underlying data, maximizing the collective potential of its participants to drive exponential change in how energy markets are structured and function. 

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