Swytch has partnered with nDimensional to advance its cryptocurrency technology.
FOR IMMEDIATE RELEASE
Boston, MA – November 21, 2017 – Swytch is a cryptocurrency that serves as an additional incentive for clean energy producers and fills a gap in today’s market for verified renewable energy consumption. Swytch token allocations will be determined by an Oracle that estimates the thermal displacement value of renewable assets. This Oracle will be powered by the nDimensional platform: nD. The Swytch ecosystem will utilize nDimensional’s Artificial Intelligence (AI) technology to continuously improve the accuracy of the token allocations as the Swytch economy grows.d trusted entity for the Swytch economy.
nDimensional is excited to be part of an innovative ecosystem of producers and consumers working together to build a global community of renewable energy advocates.
– Dr. Curt Lefebvre, Founder & CEO of nDimensional
The Swytch ecosystem needed a mechanism to consume and apply machine learning and advanced analytics on disparate data sources spread across the globe. The nD platform achieves this by converging all of the essential data; and via deep learning, Swytch can effectively create an adaptive oracle that can function to create dynamic incentives of tokens to drive development of new renewable assets that will have the greatest global impact.
– Evan Caron, Founder & Managing Director, Renewable Energy Expert and Entrepreneur
The Swytch mission is to accelerate a sustainable and equitable energy future by developing an ecosystem that encourages the use and production of usable renewable technologies. Its platform provides its users the means to generate Swytch tokens through renewable energy production, storage and sustainable actions and the ability to do transactions using the tokens through a wallet application. The Swytch ecosystem provides a compelling economic incentive for innovation and deployment of sustainable technologies at a global scale.
Founded in 2013, nDimensional empowers enterprises to leverage artificial intelligence (AI) to extract real-time business value from big data as an embedded component in their products and solutions. nDimensional’s product, nD, is a full stack application development Platform-as-a-Service (PaaS) that allows companies to rapidly design, develop, deploy and maintain big data AI applications. www.nD.com
Swytch serves as an additional incentive for clean energy producers and fills a gap in today’s market for verified renewable energy consumption. To do so, Swytch will use open source technologies and algorithms to verify and reward clean energy production. The reward will be in the form of an ERC20 compliant crypto-token that aims to incentivize investments in a wide range of renewable and sustainable assets (rooftop solar, distributed utility solar, large-scale grid-scale solar projects, wind projects, storage systems, etc.). www.swytch.io