Swytch, a blockchain-based clean energy platform, and Brilliency Incorporated announced that Brilliency’s Wallet, a module of its soon-to-be-released mobile app, will include the Swytch token as its first alternative form of currency.
Swytch awards tokens to people, companies, and other organizations that make a meaningful and measurable difference in reducing the emissions that endanger our planet. Using a reward-based system that acknowledges the efforts of all those who embrace and support sustainability by the actions that they take, Swytch changes the game in favor of renewables. Although improved renewable technology is very important, the real key to creating a more sustainable future is changing people’s behavior, both on a macro and micro scale.
Brilliency enables consumers of electric, gas and water utilities to engage with their utility accounts through a unified digital platform. The Brilliency Wallet facilitates transactions between consumers and their utilities and other engaged third-parties. The wallet holds currencies specifically generated from behaviors and trades related to the use and sale of utilities (electric, gas and water).
“Blockchain and tokenization can solve many of the issues with current systems and empower everyone to take a more active role in accelerating the adoption of renewable supply and sustainability programs,” said Evan Caron, co-founder and managing director of Swytch.
“Brilliency is working on a prominent solution to enhance the relationship between utilities and their customers while providing real-time visibility into production and consumption data and we look forward to helping drive innovation and collaboration in this space.”
“What Swytch is doing is fantastic for providing verifiable data on renewable energy use. We see increasing emphasis on sustainability metrics which will likely be a component of impact-based valuation in the future,” said Laura Steinbrink, CEO of Brilliency. “As the world moves toward recognition of the opportunities around transactive energy, token-based currencies will grow in value. We think Swytch and its open-source platform represent the values of the emerging marketplace, which values transparency and equity.”