Partnership Aims to Boost Generation of Low Carbon Energy Through Token Incentives in Communities of All Sizes
Swytch, a blockchain-based clean energy incentive, and MobileBridge, the international leader in mobile engagement, today announced a partnership to drive sustainable energy generation to reduce global carbon production and to drive economic and environmental sustainability in towns and cities across the globe.
By connecting sustainable energy generation to the consumption of locally produced goods through token loyalty rewards, the goal is to provide significant cash flow to the “Main Street” economy.
The partnership taps the MobileBridge Momentum platform that enhances the relationship between Swytch and the users of its innovative blockchain-based solution that tracks and verifies the impact of sustainability efforts and actions on the worldwide level of CO2 emissions. MobileBridge’s Momentum enables Swytch to better manage feedback, incentives and rewards in order to strengthen loyalty and confidence as well as assist in overall ecosystem development.
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Advances in technology have prompted marketing innovation and placed a focus on consumer experience and feedback. Momentum’s loyalty-driven marketing platform allows Swytch to reward customers in exchange for their attention, business, brand advocacy and feedback, while giving the consumer full control over their personal data and a real monetary value for the support they’ve provided to the Swytch community.
Swytch leverages smart meter and blockchain technology to reward the companies and people who reduce carbon emissions the most. At the core of the Swytch solution is an open-source “Oracle” that uses artificial intelligence and machine learning to determine how much carbon is being displaced and therefor how many Swytch tokens to award. As a result, producers of renewable energy create Swytch tokens by generating solar, wind and other forms of renewable energy.
“The goal of this partnership is to provide a catalyst for cities of all sizes and locations to produce and use sustainable energy,” said Evan Caron, co-founder and managing director of Swytch. “By enabling the necessary economic incentives, we aim to accelerate the transition to the Fourth Industrial Revolution, which is a fusion of technologies that is blurring the lines between the physical, digital and biological spheres and disrupting almost every industry in every country.”