VIA’s Joe Babiec Invited to Speak at Greentech Media’s Blockchain in Energy Forum

VIA’s VP, Strategic Initiatives Joe Babiec was invited to speak on a panel at Greentech Media’s Blockchain in Energy forum earlier this month. The panel, hosted at Pacific Gas and Electric’s San Francisco offices, focused on monetizing energy company data with the help of blockchain. Greentech Media’s Emma Foehringer Merchant moderated.

On the panel, Joe shared this insight into why VIA developed its blockchain-based Trusted Analytics Chain (TAC): “We identified a problem which turns out to be very common: in a typical nine-month project you often spend over two-thirds of your time getting access to the data before any of the value-add analytics work can begin.” TAC solves this challenge by establishing secure access to confidential data for analysis by third parties. Employing TAC to facilitate access to on-premise or cloud-stored data provides two key benefits: cost savings from better and faster analysis, and the opportunity for energy companies to generate new revenues by making data available, safely and privately, to in-house and external experts.

For more information about the event, visit PG&E’s website.

VIA CEO Colin Gounden Gives Keynote Speech at Siemens, Intelligent Energi Event

Earlier this month, VIA CEO Colin Gounden gave the keynote speech during an event hosted at Siemens’ Denmark offices. The Danish Intelligent Energy Alliance, Intelligent Energi, organized the event for its members. Intelligent Energi’s goal was to encourage dialogue between network companies, suppliers, and academics about opportunities and challenges to adapt to variable and renewable generation in the electricity distribution network.

Colin shared VIA’s AI and blockchain expertise, with a particular focus on its AI results to improve operations and maintenance and its Trusted Analytics Chain (TAC) application. One major topic of discussion at the event was related to the massive transformation that electrification is having (e.g., changing consumption due to electric vehicles and electric heat pumps). In particular, participants agreed that to ensure the reliability of the grid under new stresses like electrification and renewables, improved sharing of digital information and AI are necessities.

Joe Babiec Presents at Swiss-US Energy Innovation Days (SUEID)

In August, VIA’s VP, Strategic Initiatives Joe Babiec was invited to introduce VIA’s Trusted Analytics Chain application (TAC) and its innovative use of blockchain technology to more than 100 energy industry leaders during an address at the Swiss-US Energy Innovation Days (SUEID) conference in Geneva, Switzerland.

SUEID, hosted by the Swiss Federal Office of Energy and swissnex Boston, is an annual, invitation-only event that unites industry and thought leaders across Switzerland and the US. This event convenes a dynamic community of corporate, government, and academic leaders eager to exchange ideas, explore potential collaborations, and showcase promising energy-related innovations. One major theme voiced by conference participants was the need to increase information sharing within the energy industry while also respecting privacy concerns like GDPR. Joe’s address highlighted TAC’s ability to facilitate advanced analysis while ensuring compliance with customer-imposed or government-mandated security and privacy requirements.

Joe was also invited to meet with some of Switzerland’s largest power companies as well as leading academics in the country’s blockchain community, all of whom were interested in learning more about TAC and exploring potential future collaborations with VIA.

To learn more about the event, visit SUEID’s website.

VIA Leverages BigchainDB to Enhance TAC Software Application

Somerville, MA – September 12, 2018VIA, a leader in solving energy industry problems using artificial intelligence and blockchain, today announced its utilization of BigchainDB to support the further enhancement of VIA’s Trusted Analytics Chain (TAC) application. BigchainDB provides blockchain solutions for developers, startups, and corporations to help them build their blockchain applications. VIA will use BigchainDB’s database to make its TAC application a consortium blockchain.

“Over the last nine months, we have reached some exciting milestones in TAC’s development,” said Jesus Cardenes, Team Lead, System Architect at VIA. “We are happy to have found a solution in BigchainDB. We’re utilizing their blockchain database to allow TAC to maintain the immutability of the information in a decentralized and semi-private architecture, providing access to the network by invite-only.”

“We’re proud to work with VIA on what we expect to be a transformative blockchain application for the energy industry. They have also been instrumental in providing feedback on modules and other technical aspects to help make enhancements to our systems. We hope to co-develop together in the future,” said Troy McConaghy, a developer at BigchainDB.

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithvia.com.

About BigchainDB
BigchainDB is scalable blockchain database offering decentralization, immutability and native assets. BigchainDB allows for the deployment of large-scale applications in a variety of use cases and industries from intellectual property and identity to supply chain, IoT and artificial intelligence. BigchainDB provides unique solutions for developers, start-ups and enterprises to successfully build their concepts, platforms and applications as big as they can dream. For more information, please visit www.bigchaindb.com.

VIA Partners with Monitoring Analytics on Machine Learning Initiative

Somerville, MA – September 5, 2018VIA, a leader in solving energy industry problems using artificial intelligence and blockchain, today announced its partnership with Monitoring Analytics, the Independent Market Monitor for PJM Interconnection, L.L.C. PJM is the largest regional transmission organization in the United States, serving more than 65 million people.

“The volume of market data continues to grow, and market participant strategies are becoming increasingly sophisticated,” said Joseph Bowring, the president of Monitoring Analytics. “Bringing VIA on board provides us with leading edge analytical techniques to deliver new insights to help us in our role in maintaining competitive markets.”

“VIA is proud to partner with Monitoring Analytics” said Colin Gounden, CEO of VIA. “In addition to leveraging our machine learning expertise, we look forward to applying our patented Trusted Analytics Chain (TAC) application to analyze data remotely.”

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithVIA.com.

About Monitoring Analytics
Monitoring Analytics was established in 2008, created by spinning off the Market Monitoring Unit of PJM. PJM, a regional transmission organization, operates a centrally dispatched, competitive wholesale power market in 13 states and the District of Columbia.

Since 1999, the PJM Market Monitoring Unit has been responsible for promoting a robust, competitive and nondiscriminatory electric power market in PJM by implementing the PJM Market Monitoring Plan. Monitoring Analytics has extensive experience producing reports on a variety of market topics and participating in FERC proceedings. For more information, see http://www.monitoringanalytics.com/home/index.shtml.

Colin Gounden and Joe Babiec Present at Energy Impact Partners Roundtable in NYC

In late July, VIA CEO Colin Gounden and VP, Strategic Initiatives Joe Babiec gave a presentation on VIA’s Trusted Analytics Chain (TAC) application at the Energy Impact Partners (EIP) Roundtable in New York City.

The event’s attendees, which included a mix of EIP’s utility partners, asked thoughtful questions about TAC implementation, as well as the application’s software and security details. One question that stood out to Colin and Joe was more related to specific use cases for TAC:

“Given TAC is able to share data privately and anonymously across companies,
could TAC then also be used for benchmarking the performance of assets, like power plants and wind turbines, in addition to advanced AI applications?”

The short answer is yes. In fact, we are currently developing a specific application on top of TAC to do just that. Companies today already spend a lot of money on third-party consultants to aggregate their data and generate anonymized comparisons of operating performance and physical asset performance. TAC offers a near real-time, cost effective way of sharing those same metrics.

To learn more about how VIA is helping the energy industry solve its biggest challenges, watch this interview Colin did during Iberdrola’s Innoday in May.

Colin Gounden Shares Expertise on Panel at Elemental Excelerator’s Interactive Event

VIA’s CEO Colin Gounden was handpicked to speak on a panel, moderated by California Energy Commissioner, Carla Peterman, at Elemental Excelerator’s (EEx) Interactive Event held in San Francisco last week. The panel, titled “Energy’s Digital Grid”, touched on the ways data is changing electrical grid operations in terms of predictability and visibility.

Over 200 people were in attendance, including some of the world’s largest utilities, as Colin talked about the ways VIA is applying artificial intelligence and blockchain technology to reduce risks associated with the aging electrical infrastructure. EEx captured a memorable quote from Colin, which was shared to Twitter:

For more information on VIA’s involvement in the EEx program, visit their website.

Iberdrola Innoday Recap: “We rely on power for everything”

In late May, VIA was invited to Iberdrola’s Innoday at its international campus in Madrid, Spain. The invite-only event was attended by over 600 people, with 25 companies showcasing the latest technology innovations to hit the energy industry. There were a number of technologies like drones for wind turbine inspection and AI solutions for the electrical grid being exhibited at the event.

CEO Colin Gounden attended Innoday and was the only participant to both be invited to speak on stage and give an exclusive video interview with Iberdrola. In the interview, Colin talked about the current state of the energy industry, how it will change over time, and the critical role VIA will play in the future of the energy. Check out the full video interview below, featured on Iberdrola’s website:

 

Colin Gounden Presents at FERC Technical Conference

Colin Gounden, CEO of VIA, gave a presentation last week at the Federal Energy Regulatory Commission (FERC) conference, “Increasing Market and Planning Efficiency and Enhancing Resilience through Improved Software.” This is the second time Colin has been selected to present at this invitation-only conference.

During his presentation, titled “AI for forecasting and resiliency in energy” Colin discussed the issues that limit AI learning to improve grid resiliency. These include too little data / signal, too much data, physically distributed data, and information privacy. His presentation focused on how VIA’s application, Trusted Analytics Chain (TAC), addresses these four common AI training data issues.

The three-day conference culminated with a final session with multiple speakers focused on the importance of data access and data sharing. There was widespread consensus from participants that improved access to energy data and modeling frameworks would allow faster and better analytical solutions. In particular, widening the scope for expert collaboration would have a dramatic impact on the quality of technical solutions that could improve grid resiliency and day ahead forecasting.

View the presentation slides:

For a copy of Colin’s presentation, please visit the FERC event page.

Joe Babiec, Experienced Government Advisor and MIT Alumnus, Joins VIA’s Advisory Board

Somerville, MA – June 19, 2018 – VIA, a leader in solving energy industry problems using artificial intelligence and blockchain, is pleased to share that Joe Babiec has joined its advisory board to provide his expertise in strategic partnerships and regulatory affairs. Joe will play a major role in gathering feedback and understanding market needs across stakeholders in the energy industry.

“Our blockchain-based technology, Trusted Analytics Chain (TAC), has seen growing interest across the US and in more than 10 countries in Europe and in Asia. Through conversations, we’ve realized that we have the opportunity to become the industry standard for secure and private data analysis, and we believe Joe is the right person to help us achieve that goal,” said Colin Gounden, CEO of VIA. He continued “Joe has a long history of working with heads of state and senior government officials on technology and innovation strategies to improve global competitiveness. His experience coupled with his technical education in electrical engineering and computer science from MIT made him the perfect candidate to fill the gap on our team.”

Joe has spent the better part of his 25-year career consulting with companies on their corporate strategies including product launches, enhancing brand image, and integrating both teams and products across a wide variety of industries including software and electricity generation.

“I’m thrilled to be joining VIA at such a transformative time for both the company and its AI and blockchain technologies. Since joining, I’ve experienced firsthand how hungry the market is for VIA’s TAC solution and I couldn’t be more excited to work with government and industry teams to help make TAC the standard for the industry,” said Joe Babiec.

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithVIA.com.

VIA Accepted into Top European Accelerator Program, Accelerace

Somerville, MA – June 12, 2018 – VIA, a leader in solving energy industry problems using artificial intelligence and blockchain, has been accepted into Accelerace, one of Europe’s top seed accelerators, as part of their Cleantech program.

“I was excited to be in Denmark a couple weeks ago to kick-off our participation in the Accelerace program. Accelerace is a well-respected and very well-connected clean energy program that is already helping us expand our presence with energy companies throughout Europe,” said Jeremy Taylor, Chief Scientific Officer at VIA.

Accelerace is a Danish accelerator that offers five unique programs tailored to the needs of startups. VIA will participate in the Cleantech program for six to eight months. Through this program, Accelerace will provide assistance in establishing a corporate presence in Denmark, introductions to leading European utilities (such as Enel), and mentorship from experienced Danish entrepreneurs, cleantech executives, and industry experts.

“The European energy industry is going through one of the biggest transformations in history. We are rapidly moving from fossil fuels and nuclear to renewable energy sources. At the same time, the recent implementation of GDPR in Europe is requiring both privacy and transparency of personal information,” said Jes Nordentoft, Business Accelerator and Investor at Accelerace. He continued “VIA’s new blockchain application, Trusted Analytics Chain, is the only solution we’ve seen to help the industry securely collaborate on critical analytics problems. This is exactly what the energy industry needs during this transformative time.”

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithVIA.com.

About Accelerace
Accelerace is one of the world’s top 10 seed accelerators. Since 2008 Accelerace has spotted, trained and invested in more than 500 of the most promising Danish and international startups and growth companies. 88% of the companies are still on the market today. As part of the national Scale-up Denmark initiative Accelerace is scaling up startups within tech, foodtech, cleantech, life sciences & biotech and medtech & health care technologies through guidance and mentoring from skilled serial entrepreneurs, camps and network. Accelerace has invested in more than 69 promising startups, who have been through the Accelerace program and have started partnerships with Maersk, Novo Nordisk Foundation, Arla, Foss, NRGI, Business Lolland-Falster, Bang & Olufsen, SE, Endesa & Enel. Accelerace is also organizing the Nordic NOME (Nordic Mentor Network for Entrepreneurship) mentor network for life science startups.

VIA Wins MITX Best Technology Innovation Concept Award

Somerville, MA – May 29, 2018 – The Massachusetts Innovation and Technology Exchange (MITX), the premier organization representing the digital marketing and technology community, last week announced the winners of the 22nd Annual MITX Awards, celebrating New England’s thriving tech innovation ecosystem. VIA accepted the award for Best Technology Innovation Concept.

The award recognizes VIA’s blockchain-based application, Trusted Analytics Chain (TAC), which currently has a patent pending. VIA developed TAC with its energy clients in mind: the application establishes secure access to highly sensitive data, which is one of the biggest challenges to widespread AI implementation across the energy industry.

Using blockchain technology and distributed learning, TAC ensures clients’ data remains on premise and completely anonymous, allowing multiple companies to anonymously pool sparse data to improve analytical outcomes. Additionally, TAC is able to securely allow AI experts to learn from many different, distributed data that has never before been available in the energy industry.

“The celebration is an annual exchange of ideas and connections with hundreds of the best and brightest minds showcasing the latest innovative technology and work shaping the future of customer experience,” said Amy Quigley, president of MITX. “There was some very tough competition this year, but it was a fun-filled evening with all who participated!”

Hundreds of organizations participated and were judged by an esteemed committee of industry experts on their submission’s value proposition, unique innovation, and results. Marketing Operations Leader Laura Montorio accepted this honor on VIA’s behalf at the ceremony hosted at Royale Boston.

VIA MITX Technology Innovation Concept

Every winner was allowed a five-word acceptance. Ours? “Guys, let’s take a selfie!”

VIA MITX Technology Innovation Concept

The event was MITX’s 22nd annual award ceremony, hosted at Royale Boston.

 

 

 

 

 

 

 

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithVIA.com.

About MITX
Inspire. Connect. Provoke.
At MITX, we’re building valuable connections between the people and ideas behind technology and its impact on the future of customer experience, all to create a community that’s finding tomorrow’s solutions together. Celebrating 22 years of connecting tech and innovation professionals in New England, MITX is a dynamic community of more than 20,000 thought leaders and collaborators. MITX is headquartered in Boston, MA. For more information, visit http://www.mitx.org/.

Colin Gounden Speaks at the 9th Asian Leadership Conference in Seoul, Korea

Colin Gounden was invited to speak at the 9th Asian Leadership Conference (ALC) in Seoul, Korea earlier this week. During the session titled “Blockchain in our Lives” Colin discussed VIA’s blockchain application, Trusted Analytics Chain (TAC) and the benefits its smart contract functionality in particular, can have for the energy industry. The session also featured five other executives involved in the blockchain space, including Mike Kayamori, CEO of Quoine, Asia’s largest ever ICO.

ALC is an annual international conference hosted by The Chosunilbo, one of the largest newspapers in Korea. The theme of this year’s conference was “Globalization in Crisis: Navigating the World with New Opportunities” which featured speakers from all over the world, including former Vice President of the United States, Dick Cheney and Gerhard Schröder, former Chancellor of Germany, among others.

 

Colin Gounden speaking at ALC 2018.

Colin Gounden Speaks at EUCI Blockchain Technology for the Energy Sector Event in Houston

Colin Gounden was a featured speaker at EUCI’s latest event “Blockchain Technology for the Energy Sector” on May 9th in Houston, TX. The event focused on the fundamentals of blockchain technology and the opportunities it presents to the energy industry.

Colin’s session, titled “Realizing the Value of Utility Data Through Blockchain and Artificial Intelligence,” highlighted the ways blockchain, and more specifically VIA’s Trusted Analytics Chain (TAC), can provide utilities with more rigorous AI solutions (like predictive maintenance and contingency planning) and streamline compliance filings with regulatory agencies. For more information about Colin’s presentation or VIA’s blockchain solution, email us at info@solvewithvia.com.

VIA Joins NVIDIA Inception Program

Somerville, MA – May 10, 2018 – VIA, a leader in solving energy industry problems using artificial intelligence and blockchain, is thrilled to announce that it has joined the NVIDIA Inception program, which is designed to nurture startups revolutionizing industries with advancements in AI and data sciences. This will support VIA’s AI solution and further develop its blockchain application through the use of GPUs.

“VIA is excited to be a part of the NVIDIA Inception Program. Simply put, AI would not be where it is today if it were not for the acceleration provided by GPUs. Blockchain applications, such as VIA’s Trusted Analytics Chain (TAC), will also require the type of computing power NVIDIA GPUs deliver and we are enthusiastic about adopting this technology in our development process,” said Jeremy Taylor, Chief Scientific Officer at VIA.

NVIDIA’s Inception program is a virtual accelerator program that helps startups during critical stages of product development, prototyping, and deployment. Every Inception member gets a custom set of ongoing benefits, from hardware grants and marketing support to training with deep learning experts.

About VIA
VIA helps energy companies across the globe realize the value of their data through AI and blockchain. Since 2016, the company has worked with the world’s largest utilities and government agencies on AI initiatives like predictive maintenance and contingency planning. VIA has developed a blockchain-based application, Trusted Analytics Chain (TAC) to help energy companies reduce the burden of preparing and sharing their data. TAC (patent pending) is the bridge that securely connects power company data, distributed across many locations, to potential AI solutions. Headquartered in Somerville, Massachusetts, VIA has been featured in Wired and Inc. Magazine for its leadership in technology innovation. For more information, please visit www.solvewithVIA.com.