Use blockchain and A.I. to cut energy bills by Electrify

Karen Gilchrist, How a 29-year-old is using blockchain and A.I. to cut energy bills by up to 25 percent, CNBC, 28 June 2018.

“Many industries are going from centralized to decentralized to the sharing economy,” Tan told CNBC Make It. “We see the energy industry as no different.” 

In the same way that Airbnb and Uber have opened up the travel and transport industries, Tan said Electrify gives customers access to more providers — both big firms and independents — on one central platform so they can easily find and compare different deals. Digital, or "smart," contracts can then be written on the blockchain, removing the need for lawyers and accountants and saving around 30 percent in transaction costs.... 

By pooling together different energy options, they hope to make it easier for people to select their preferred energy source, including renewable options. That's increasingly important as populations rise and energy demand grows. In Asia alone, annual energy expenditure is expected to rise from $700 billion to $1.6 trillion by 2035, according to the Asian Development Bank. 

However, Tan said the pair doesn't "plan to enforce our ideals." 

Instead, the company is using artificial intelligence to match people with the right plans for them based on their budget and energy usage.

Technical Whitepaper by Electrify.