Swytch November 15th Update
A warm update as the weather turns colder!
We consistently said post TGE we would focus first on delivering an operational version of Swytch rather than hype and platitudes. Goal achieved!! We are proud to say Swytch can take you from “IoT Device to Digital Asset”. As of November 1, we’ve delivered a protocol level technology that allows IoT information to process through a trusted network and interact with the Ethereum ledger. Swytch’s architecture can be adapted to include multiple chains and the data interacts with an oracle objective-based application to become part of the smart contract attribution.. But before we get there…a word about trusted IoT device and encrypted communications.
Our partnership with Centri Technology brings to bear edge-level device communication that delivers encrypted, continuously validated data into the Swytch network. Once identified as a potential security flaw in our process, our dev teams worked together to correctly identify and address a concern brought up by security analysts. See Centri At Work.
V1 Update
As mentioned, we focused our team on delivering v1 Swytch so we could bring to market a protocol level technology allowing IoT information to process through a trusted network and interact with the Ethereum ledger. With our v1 rollout we can onboard registered sites (device level or through an API), bring them through the oracle and write both our ERC20 SET token and the underlying ERC721 Non-Fungible Token. The ERC721 is an advancement of our original design which truly brings continuously read device level data and delivers it to the registrant’s digital wallet; which from there is freely transferable to any party who is seeking not just attestation of carbon-offset through the consumption of renewable power, but actual proof of same with immutable, device-level data supporting their reduced carbon footprint. We continue to focus on higher-order development across the Swytch network in the following areas: advancing Oracle design and applicability through external collaboration and coding challenges, and analytics underpinned by global renewable data.
Puerto Rico Pilot
Our previously announced partnership with Yale and the installation of renewable power supply and sensing devices at specific schools in Puerto Rico has expanded to include the early framework for in-system processes that can monitor and track end to end the amount in dollars of Kwh generated to the amount in dollars returned to capital providers. This ensures device level Kwh information is the catalyst for the disbursement of funds, bringing transparency and security to the information and data flow that underpins provable, sustainable investment where it matters the most. We have also brought into the consortium our previously announced partner, Centri Technology — along with a market-leading OEM in the sensing space and a market-leader among those bringing renewable power generation devices into Puerto Rico. Watch this space for further updates as we continue to move the needle!
Black & Veatch+
Our community is well-aware of our long-standing relationship and collaboration with B&V. We continue to leverage this partnership in exciting ways, both in terms of embedding Swytch during the site development and construction phase, and now extending it to existing arrays of already deployed IoT devices.
Swytch Registration
Engaging Stage 1 Platform Registrants, and returning to where it all began, we continue to focus on renewable power generators and multinational corporations who have been following our developments. With the release of v1, these companies have now been engaged to bring existing and to-be-developed renewable generation sites (be they for own-use or 3rd party contract-for-delivery of renewable power) onto Swytch. This will bring to fruition the core premise of renewable generation data and a carbon-offset delivered in the form of a digital asset that is freely transferable between generator and consumer so we can both incentivize and reward sustainable behavior, and move all of us into the realm of proving one’s march to zero-carbon footprint, instead of relying on outdated and antiquated methods of papering oneself green
Other Updates
- Evan spoke at World Crypto Con in Las Vegas on November 2, and recorded a podcast interview with The Coin Boys
- Evan spoke at the Texas Blockchain Panel
- Peter Hirshberg, advisor to Swytch, was appointed a member of the Gyeongsangbuk-do Blockchain Special Committee to contribute to blockchain industry development in Gyeongsangbuk-do, Korea and spoke at the Global Leaders Forum on November 13th.
