KCN NEM VENTURES INVESTS IN TOKENIZED SMART METER ENERGY APP

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KCN NEM VENTURES INVESTS IN TOKENIZED SMART METER ENERGY APP

The Ample application will be invested by NEM Ventures. This is stated in the official release of NEM. “NEM Ventures, the venture capital and investment arm of the NEM blockchain ecosystem, has announced an investment in Ample, which uses distributed ledger technology to tokenize energy consumption rights at the user level, creating a new economy for energy efficiency. Founded in 2018 by environmental entrepreneur, Andrew Hoban, Ample’s mission is to use feedback and incentives to encourage consumers to consume less energy, targeting the 20 to 50 percent greenhouse gas emission reduction potentially available through behavior change alone. AmpleAmple, an app which reads current data from a single, machine-learning enabled sensor installed at the fusebox, gives users a 360-degree view of their domestic energy consumption. It gives deep insights into energy consumption and identifies energy waste hotspots. Within the context of a saving community or economy, such as university campuses, it then uses behavioral theory to ‘nudge’ consumers into more efficient behavior.” This is stated in the message. See you! The news release partner STEX.com.

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