Swytch Secures Top Advisors in Its Mission to Unlock the Promise of Renewable Energy Markets

SAN FRANCISCO–(BUSINESS WIRE)–Swytch announced today that it is partnering with top green tech and
blockchain advisors to help bring its solution to market. Fragmentation,
regulatory uncertainty, and minimal innovation have plagued
government-run incentive programs for renewable energy producers.
Swytch, through its renewable energy incentive platform built on
blockchain, seeks to finally get the world to adopt renewables at scale.

The newest advisors partnering with Swytch include: Distributed Network
Advisors (DNA), an experienced team of business analysts, investors, and
blockchain developers who help entrepreneurs launch token ecosystems;
Galia Benartzi, tech entrepreneur and co-founder of Bancor; and Steve
Jurvetson, an early VC investor in Tesla and SolarCity. All are
committed to introducing Swytch as the fundamental technology needed to
drive exponential change for the renewable energy market.

“We are beyond excited to partner with Swytch to prove that blockchain
technology will change the world for the better,” said Marc Weinstein,
Venture Advisor at DNA. “We expect Swytch to create improved programs
for renewable energy incentives and lead us towards a carbon-neutral
future.”

“One of the most exciting things about Bancor’s mission to empower the
long tail of tokens is the opportunity to support great teams and
projects utilizing powerful blockchain technologies to solve real world
problems, such as the challenges in scaling renewable energy,” said
Galia Benartzi, tech entrepreneur and co-founder of Bancor.

“The future is increasingly unpredictable, with some notable exceptions
and the end of fossil fuels is an inevitability, best not delayed.
Despite our best efforts, today <10% of the world’s energy is sourced
from renewables including solar, wind, and hydro,” said Steve Jurvetson,
VC investor. “Swytch.io has
a world-class team and unique approach to solving this problem. They
have built a distributed global incentive network, based on the
blockchain, that no government can own, but all will benefit from.
Swytch’s global carbon credit exchange will help humanity forge a future
that is survivable and sustainable.”

Steve Jurvetson, Galia Benartzi, and DNA join a distinguished group of
advisors for Swytch that includes many notable academics and technology
experts. Additional members of the advisory board include:

• Charlie Firestone – Aspen Institute
• Brad Hardin – CTO, Black & Veatch
• Thomas Hardjono – Technical Director, MIT Trust::Data Consortium
• Peter Hirshberg – Cofounder & Chairman, Maker City
• Marcia Kadanoff – Cofounder & CEO, Maker City
• Kent Larson – Director, MIT Media Lab City Science/CityScope Project
• Curt Lefebvre – CEO, nDimensional
• Mickey McManus – Senior Advisor, Boston Consulting Group, Autodesk
  Fellow
• Tony Seba – Stanford University, Solar disruption and Innovation
  Advisor

Swytch is a new approach to tackling pollution and climate change built
upon blockchain technology and a unique minting approach based on the
carbon offset value of energy produced. Swytch will also leverage its
Proof-of-Production protocol to capture production data that is secure,
transparent, and verifiable. The main goal of the project is for Swytch
to be adopted by existing assets and to incentivize accelerated adoption
of new renewable power sources. Swytch will work with a wide variety of
renewable assets including wind, solar, hydro, and geo-thermal.
Furthermore, Swytch will include commercial and residential systems
across both centralized and decentralized grid infrastructure.

“Swytch, together with both producers and consumers of renewable energy,
has the collective power to enact real, positive changes for our
planet,” said Evan Caron, Swytch Co-Founder and Managing Director. “The
experience, commitment and passion of our trusted advisors will enable
Swytch to tackle one of the most pressing issues facing our world and
accelerate meaningful change in the energy revolution.”

Swytch is currently in the private pre-sale stage and will launch its
Token Generation Event during early Q2 2018. Additional details will be
shared at a future date.

About Swytch:

Swytch is a blockchain solution for accelerating a sustainable and
equitable energy future. The Swytch platform includes token-based
incentives, open-source data aggregation, and unique blockchain
protocols to secure and verify energy production data.

Swytch fills the gaps in today’s marketplace for verified renewable
production and data sharing. By utilizing an ERC20 compliant utility
token, Swytch will incentivize investments in sustainable assets. In
addition, the data aggregation and protocol layers will also
revolutionize the way information is collected and shared in the
renewable energy market. Applications in infrastructure include
grid-scale, residential, and storage systems across all sources of
renewable energy (wind, solar, hydro, etc.).

From large-scale industrial power infrastructure to small residential
installations, Swytch Tokens can be generated through the production of
renewable energy. Swytch and its partners are building out the
technologies and community necessary for ensuring data and tokens can be
freely exchanged within the network. The Swytch platform was created by
the Token Commons Foundation, a non-profit foundation based in Zug,
Switzerland.

Contacts

Porter Novelli
Greg Jawski, 212-801-8248
[email protected]