Fuelling Peer 2 Peer Energy with AI and Blockchain
- ICO start: 4. Jul 2018
- ICO end: 7. Jul 2018
Technology: Ethereum blockchain
VLUX ICO Short Review
By combining innovations in machine learning, blockchain, IoT, and energy storage, Verv hopes to lead the development of peer-to-peer energy trading. The VTP has been designed to facilitate trading at the grid edge. Prosumers selling electricity are expected to receive a better payback, incentivising installation of renewable infrastructure and storage; consumers should be able to diversify their electricity supply, purchase energy at lower prices, and may also be incentivised to consume electricity during off-peak hours, or when renewables generation is high, which in turn should mitigate the variability in peak consumption and renewables generation.