Update: presenting two projects - ETHLend and Vlux
(1) ETHLend: 7 - 7.45pm
Ethlend.io is a fully decentralized peer to peer lending smart contract on Ethereum blockchain for lending Ether by using tokens as a collateral.
Nixson will be speaking on how decentralised lending could enable a global lending market.
About the speaker:
The speaker Nixson Lee is an entrepreneur and has been running a software and development business for the past 3 years. Since 2016, Nixson has a profound interest in the area of cryptocurrency and the underlying Blockchain Technology. He believes that this is going to be a game-changer and that we are currently in the early stages of the technological revolution.
(2) Vlux: 7.45 - 8.30pm
Vlux is a P2P energy trading project that leverages our expertise in appliance disaggregation and AI, and been building under the brand Verv since 2009.
Our Verv business is built around a self-install home hub, which can sample electricity up to 1 million times a second (5 million times faster than a smart meter).
This rate, we believe, provides a leading resolution on home electricity data for our machine learning team (currently 14 people in it) to provide high-accuracy appliance-disaggregation, condition monitoring (up to the level of the 100th harmonic), and human behaviour analysis.
This product is being bought by utilities and insurers as a value-add to their existing customer base (B2B2C).
Blockchain
This data resolution, AI and 9-year expertise is the bedrock behind our P2P energy trading platform.
Over other P2P energy projects, we believe our USPs in data, and AI provides us with the leading tool for forecasting householder electricity consumption up to as much as 24 hours in advance (additional data sets are included such as satellite data).
This forecasting ability enables trades to be made further ahead - helping consumers and micro-generators of electricity can lock-in the best prices. (Utility of speed in the financial markets and apply it to energy trading.)
A utility token is required to access our protocol, and can also be used to redeem Verv units.
We have partnered with Ocean Protocol to enable the vast amount of consumer data being produced to be owned by householders and sold to who they want, when they want, and for as long as they want. This functionality is also accessed through the token.
Scalability and token
We are creating a system whereby aggregators (this might be existing utilities, local authorities, etc.) implement our protocol with their existing user-base. To do this, they need to stake sufficient tokens for the size of the user-base they wish to cover.
The aggregators who adopt our platform will have a first mover advantage in P2P energy trading and high-spec energy disaggregation, with all associated benefits and revenue potential. We plan to enable integration with existing smart meter to further reduce any scaling friction. However, those using smart meters will never be able to access the same benefits as those using Verv hubs.
We completed the first P2P energy trade on the blockchain in the UK in April 2018, and have a growing number of blue-chip partners and advisors.
