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.
Token Commons Foundation formation Initial Funding Swytch Development partnerships and technology development<br />
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Q4 2017
Core technology partnerships Design and Build Proof of Concept, Dashboard, data estimator and Pilots<br />
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Q1 2018
Germany Energy aggregation pilot completion Additional fund raising round complete Core technology development, IOT security and team growth<br />
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Q2 2018
Complete additional POC's with partner cities Oracle AI refinement for DACM (Adaptive Module) Oracle Consortium development<br />
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Q3 2018
Pro-consumer residential token generation Oracle open source International Partnerships growth and scale.<br />
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Q4 2018 and Beyond
Trusted IOT device protocol integration Government and corporate engagement<br />
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