Vectorium, the cryptoEnergy. With this slogan a European team is revolutionizing the market distribution of electricity through a combination of blockchain, Artificial Intelligence and electrical infrastructure of various types.
The challenge is to make electricity distribution digital through a sort of parallel market that “bypasses” the current distributive mechanisms of traditional electricity networks.
This is achieved by leveraging using the same mechanisms of intermediary “value swap” which led to the success and dissemination of Bitcoin as an alternative to traditional payment systems.
“VECTORIUM will be for the electricity market what Bitcoin has been for banks “ ENEA BENEDETTO (CEO)
The idea of the two cofounders, the Italian Enea Benedetto and the Colombian Andres Palacio Restrepo, is to carry the intrinsic value of electricity from a point A to a point B through the blockchain.
To do this, they created an extremely light blockchain, Vectorium Flash, which allows the conversion of kWh in coins first and subsequently reconverting coins back into electricity (or into an equivalent amount of traditional currency or into
other crypto coins). www.vectorium.co
In order to make the process democratic, regardless of whether you’re trying to extract coins with a single graphic card or with an apparatus of fifty or more cards the opportunities will be the same. Moreover, the process developed is named “only mined community pools”.
Michele Sburlino, CTO and Project Manager has confirmed: “This solution besides being self-regulated, public and democratic, allows the blockchain to manage the mining process converting it directly to the kWh used for the generation of the same coins. In this way we are actually transforming a process, i.e. mining: initially perceived as energy-consuming process into a new phenomenon of IT Eco sustainability”.