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Voltreum

Voltreum

TBA
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Voltreum is a future-focused technology company seeking to democratize renewable energy (RE) trading over power grids, increase RE penetration, and create a more sustainable future by developing innovative, eco-friendly solutions. Our first offering, Volt-X, is a blockchain-based peer-to-peer (P2P) platform for transparent energy trading across power grids, including smart microgrids and localized distribution networks, with a clear focus on fair pricing.
Energy
6.4
TOTAL SCORE
3.5
ICO PROFILE

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10
TEAM PROOF

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General
Website: Visit
White paper: Read
Dates: TBA
Token info
Ticker: RE
Platform: Binance Chain
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Q3 2021
<br /> COMPLETED<br /> Due diligence<br /> <br /> Deep dive analysis of the Energy market<br /> Study of the current energy requirements/forecast for the next decade<br /> Study of the problems with the current state of the energy market, challenges with global energy generation, transmission and distribution<br /> Study of the problems faced by gencos, transcos and discoms<br /> Evaluation of country wise energy market regulations<br /> Articulating the problem statement<br /> Competitor analysis - Including software and hardware players across the globe<br /> Evaluation of key feature offerings by each player in the field<br /> GAP assessment / SWOT analysis<br />
Q4 2021
<br /> COMPLETED<br /> Core team formation<br /> <br /> Identifying and interviewing subject matter experts from the industry<br /> Shortlisting and rolling out of contracts/NDAs with selected members<br />
Q2 2022
<br /> COMPLETED<br /> Project planning<br /> <br /> Formulating the scope of work (SoW) document to cover the proof of concept testing and final state system development<br /> Creating the work breakdown structure and timelines for tasks related to the power syste design, technology development, marketing, sales, and partnerships<br /> Identifying the stakeholder management plan and RACI matrix<br /> Formulating key project milestones with clearly defined timelines<br /> Financial projections required throughout the project lifecycle<br />
Q3 2022
<br /> IN PROGRESS<br /> Proof of concept / Minimum viable product development<br /> <br /> Drafting of physical line diagrams and load profiles for the PoC<br /> Evaluation of the various load profiles as per electric standards<br /> Drafing of test cases based on variations in generation andusage considering differential loads<br /> Procurement of smart meters and power/load equipments for the PoC<br /> Development of a broker service for establishing communication with various smart meters (GSM, PLC, Modbus, Radio frequency mesh, SCADA)<br /> Development of Voltreum Core Processing (VCP) engine and backend logic for recording transactions on the blockchain system<br /> Smart contract deployment on the testnet server<br /> Fine-tuning the VCP engine logic with an aim to develop a robust and resilient core<br /> Security audit of the VCP engine<br /> Deriving key metrics and associated costs for the end to end transaction to develop the business case and financial projections<br /> Business case creation<br />
Q3 2022
<br /> IN PROGRESS<br /> UI/UX development<br /> <br /> Finalizing a list of top features/parameters in line with feedback from key stakeholders (Discoms, Govt agencies, End users)<br /> User access management in line with significant data security and compliance standards<br /> Mobile app and web interface UI and UX design<br />
Q3 2022
<br /> SCHEDULED<br /> Go to market / Whitepaper launch<br /> <br /> Setting up of social media channels<br /> Roll-out of community management services to build brand awareness<br /> Whitepaper launch<br /> Creation of marketing collateral and business pitch<br /> Website launch<br />
Q4 2022
<br /> SCHEDULED<br /> Seed sale<br /> <br /> Secure funding through a seed sale<br />
Q1 2023
<br /> SCHEDULED<br /> Private sale<br /> <br /> Secure funding through a private sale<br />
Q1 2023
<br /> SCHEDULED<br /> IDO<br /> <br /> Official listing on a decentralized exchange<br />
Q2 2023
<br /> SCHEDULED<br /> Strategic partnerships for pilot testing<br /> <br /> PAN India expansion<br /> Documenting key lessons learnt<br /> Optimizing the application based on lessons learnt<br />
Q4 2023
<br /> SCHEDULED<br /> Global ramp-up<br /> <br /> Global expansion in various markets
Bhakti Vaidya
Co-founder
Participates in a number of projects
Rahul Awati
Co-founder
Participates in a number of projects
YK Jain
Senior Energy Consultant
Participates in a number of projects

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