Verv (VLUX token)
VLUX is launching an Initial Token Offering (ITO) in order to create VLUX tokens that will enable energy to be traded on the renewable energy trading platform that it has developed. By combining deep learning AI technology with blockchain, VLUX's peer-to-peer (p2p) energy trading platform aims to improve access to affordable, low carbon energy.
What is VLUX?
Peer-to-peer energy and data trading protocol.
VLUX combines deep learning Awith blockchain, to improve access to affordable, low carbon energy by enabling peers to trade.
Using VLUX’s existing energy monitor (“Verv”), VLUX obtains a comprehensive and real-time overview of the electricity consumption of a home.
Combining this with blockchain technology, VLUX aims to provide a secure and transparent ledger through which energy (and consumer data in a GDPR compliant fashion) can be traded on a p2p basis.
Green Running, the parent company of VLUX, was founded in 2009 with the initial focus on reducing energy consumption within the commercial market.
VLUX believes their blockchain-based trading platform represents a powerful solution to enable decentralized control and production of energy at the grid edge.
|“||Q1 2015 - Verv Created: Verv, the AI-based smart hub was created.
Q2 2015 - Seed Funding: Verv received seed funding from Ignite (the social impact arm of Centrica PLC, the parent company of British Gas).
Q3 2016: Verv started researching blockchain-based energy trading.
Q4 2016 - Awards: Verv CEO & Founder won Innovator of the year at the Business Green Technology Awards and was named one of the top 50 entrepreneurs in the last 15 years by SETSquared.
Q1 2017: Verv started gathering real home electricity data for energy trading trials.
Q2 2017 - Launchpads: Verv was one of a handful of companies in the UK selected to be on Launchpad, Google’s global startup program, as well as Amazon’s Launchpad.
Q3 2017 - Government Grant For P2P Simulation: Verv received a £150k grant from BEIS’ Energy Entrepreneur's fund to simulate its blockchain based peer-to-peer energy trading solution across the UK.
Q4 2017 - Crowdfunding Raise: Raised £1.1million via equity raise on Crowdcube.
Q1 2018 - Implementation Of P2P Community In The UK: Verv is implementing a p2p trial site located in Hackney, London, UK alongside Repowering London aiming to reduce energy bills of residents and start trading surplus energy. Public Blockchain - Transactions expected to be made visible on the Ethereum public Testnet (Ropsten).
Q2 2018 - Technology Development: More advanced electrical generation and consumption prediction algorithms expected to be introduced into live system. Planned deployment of Verv’s combined three channel CAD units. With regards to blockchain, the plan is to transition to a private permissioned blockchain, minimising the carbon footprint of the blockchain solution.
Q3 2018 - Engaging Early Adopters: Planned roll out of the energy trading platform to early adopters for trial. Scheduled beta test of Macro Blockchain - a blockchain of blockchains containing digests of transactions anticipated to be rolled out to our trial sites.
Q4 2018 - Product Development: Planned integration of the energy trading platform into the new generation of Verv hubs, scheduled for public roll-out in 2019. Planned establishment of International system.
Q1 2019 - Full Scale International Roll-Out: Fully operational foundation planned for International roll out. Scheduled inclusion of next generation of apps and third party services.
|Ewald Hesse||Head of Grid Singularity||https://www.linkedin.com/in/edhesse/||Advisors||3.9|
|James Roy Poulter||CEO at Blockchain Reserve||https://www.linkedin.com/in/jamesroypoulter/||Advisors||5.9|
|James Cameron||Chairman at Verv||https://www.linkedin.com/in/jamescameron4/||Board||3.9|
|Francis Griffiths||Non-executive director at Verv||https://www.linkedin.com/in/francis-griffiths-71a5b71/||Board||3.9|
|Peter Davies||CEO & Founder||https://www.linkedin.com/in/daviespg/||Team||3.9|
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