KWHCoin to enroll 100,000 Smart Meters to Energy Blockchain for Internet of Energy Project
Smart meters , at the most basic level, are utility meters that record interval data consumption and enable two-way communication. There is a dramatic transformation that is happening to the electricity grid and “data” is the foundation for grid modernization.
KWHCoin is enabling the monetization of energy data by providing tools to allow companies and individuals to securely digitize smart meter data. The company has set a goal to enroll 100,000 smart meters onto its blockchain in 2019 and have made tremendous strides towards achieving that.
“The global data monetization market is expected to reach $330 billion dollars in 2019 and analysts are projecting that to reach almost $450 billion by 2025. Energy data will play a huge role in the data monetization market and were preparing our company to support and enable average individuals, energy companies and solar communities to take full advantage,” states KWHCoin CEO Girard Newkirk.
KWHCoin Smart Meter Data Strategy
KWHCoin announced in December a partnership with VIA https://www.solvewithvia.com, to securely analyze smart meter data for its use in clean energy incentive programs and asset management.
VIA’s Trusted Analytics Chain™ (TAC™) enables KWHCoin to securely and anonymously analyze consumer behavior from smart meter data to help its utility partners, energy companies, and clients incentivize their customers to use renewable sources and clean energy.
KWHCoin is also an active member of the Green Button Alliance. Green Button is a Department of Energy-led initiative that allows end-users to download their energy data directly from their utility companies through a secure platform. This gives KWHCoin vast reach to access and analyze energy data from a broad range of sources including electric cooperatives, individual homes, businesses and utilities.
“We have all the pieces and development partners in place to deliver a vast array of services to the developing internet of energy. We are rapidly building our client database and engaging several companies on subscribing to our platform to participate in building this dynamic green economy. This will put the KWHCoin token at the center of the internet of energy and drive value for our community and network,” says Newkirk.
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KWHCoin is traded on digital currency exchanges around the world.
