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BitcoinExchangeGuide.com Emphasizes Potential of GDAC

BitcoinExchangeGuide.com (B.E.G.), considered one of the “fastest-growing bitcoin and blockchain media outlets on the Internet”, recently shared details of VIA and Vector’s GDAC™ announcement, and describes how it will help energy companies improve operations:

“The fact that this collaboration has VIA means that GDAC™ will be AI-based. And indeed it is at its core given that when it’s finally rolled out, GDAC™ will help power distribution corporations leverage Artificial Intelligence to foretell imminent power faults. Essentially, it will help them take a proactive approach when managing electricity transformers.

AI will also allow the company to conduct regular maintenance works on transformers safely and with greater precision. This way, the company will achieve significant operational efficiencies and subsequently deliver better services for its clients.”

For the full article titled “New Global Data Asset Collaborative (GDAC™) by VIA and Vector for Energy Transformer Data,” please visit their website.

Vector and VIA Partner to Establish Global Data Asset Collaborative™ (GDAC™), a Multi-Company Transformer Database

VIA is thrilled to announce our partnership with Auckland-based energy company, Vector, to build the world’s first privacy preserving, multi-company database for machine learning-ready transformer data, called the Global Data Asset Collaborative™ (GDAC™): Transformers.

Simon Mackenzie, Group Chief Executive Officer at Vector, comments on the importance of this collaborative:

“With a larger, smarter and more collaborative data asset like the GDAC™ we can refine the information we depend on to keep our network assets in the best possible shape. This is becoming increasingly important as we transition the network to meet the needs of the new energy future, where new technologies like distributed energy resources and battery storage will integrate with the network at scale. We have a responsibility to make this transition as efficiently as we can, and without burdening customers with excessive infrastructure costs. Improving our data and analytics capability will play a central role in that.”

To read the full press release, visit Vector’s website.

The 5 Game Changers that Made 2018 VIA’s Year

Trusted Analytics Chain™ (TAC™)
In 2018, VIA’s Trusted Analytics Chain™ (TAC™) moved from early development stages to first pilots and now, is ready for an official launch in Q1 2019. Along the way, we were invited to speak about TAC™ at events across three continents, including the 9th Asian Leadership Conference in Seoul, Iberdrola’s Innoday in Madrid, and Greentech Media’s Blockchain in Energy Forum in San Francisco.

We were honored to accept the MITX Best Technology Innovation Concept award, which recognized TAC™’s potential to transform the energy industry. In addition, we demonstrated TAC™’s capabilities during our first ever webinar this past fall.

CEO Colin Gounden ALC

VIA TAC MITX Award

VIA Greentech Media

 

 

 

 

 

 

Team Growth and Development
VIA nearly doubled in size this year with the addition of 10 new team members in both our Somerville and Montreal offices. And, we are actively recruiting for the following positions to be based out of the Montreal office: Front-End Developer, User Interface and Experience Designer, Software Developer, Software Engineer, and DevOps Specialist. Visit our Careers page for more information and to apply.

VIA Hiring

Press Features
VIA enjoyed a record number of press features this year, highlighting both our technology and the team behind the tech. In January, CEO Colin Gounden was interviewed for Inc. Magazine to discuss VIA’s approach to building its team.

Additional media outlets include: com! Professional Magazine, FutureTech podcast, Digitex Futures, and Clean Energy Finance Forum. For links to these features, visit our Press page.

VIA Inc. Magazine

 

 

Brand Refresh
In March, VIA debuted its new name, logo, and website, as part of a brand refresh. We also introduced “Solve with VIA” as an anchor to our brand, one developed through brainstorming with the entire VIA team and consulting with our most trusted partners. The idea that clients “Solve with VIA” was an ever-present theme through these creative sessions, and ultimately inspired VIA’s newly designed logo. The logo visually represents the journey VIA takes with its clients from identifying a problem to finding a solution.

 

 

 

 

 

 

Partnerships
We are so grateful to our partners that have helped support our progress and made our success possible. And, today we are proud to announce our newest partner, KWHCoin. Through our partnership, KWHCoin will use VIA’s Trusted Analytics Chain™ (TAC™) to securely and anonymously analyze consumer behavior from smart meter data in order to help its utility partners better incentivize their customers to use renewable sources and clean energy. Earlier this year, we also began working with BigchainDB, leveraging their database to make TAC™ a consortium blockchain.

We were accepted to Accelerace, one of Europe’s top-seed accelerators, as part of their Cleantech program. Accelerace will help us establish a corporate presence in Denmark, make introductions to leading European utilities, and gain mentorship from experienced Danish entrepreneurs, cleantech executives, and industry experts.

Additionally, we were accepted to NVIDIA’s Inception program, which is designed to nurture startups revolutionizing industries with advancements in AI and data science.

VIA Accelerace

Clean Energy Finance Forum Features VIA, Trusted Analytics Chain (TAC) in Recent Post

Clean Energy Finance Forum (CEFF) recently featured VIA’s presentation at Greentech Media’s Blockchain in Energy event, which took place in San Francisco this past September. The event invited technology and energy experts to discuss opportunities for blockchain technology to transform the energy industry. CEFF shared this recap:

VIA is also working to deploy blockchain applications for smart asset management. Joe Babiec, VIA’s vice president of strategic initiatives, said that blockchain-enabled smart asset management can help improve project benchmarking and maintenance scheduling. It can also support investment in equipment upgrades.

Capital investment accounts for the largest share of distribution costs as utilities work to upgrade aging equipment. According to a 2015 United States Department of Energy report, 70 percent of power transformers are 25 years of age or older, 60 percent of circuit breakers are 30 years or older, and 70 percent of transmission lines are 25 years or older.

Investment in upgrading equipment such as electrical poles, transmission wires, and substation transformers is on the rise, the report said. Utilities are seeking new ways to improve frequency and voltage control during system emergencies, accommodate greater use of renewables, and withstand extreme weather events.

VIA was already using artificial intelligence to better predict equipment maintenance needs and improve resiliency planning before developing its blockchain platform. It now offers utilities and other energy providers a blockchain-enabled system for establishing secure access to confidential maintenance data for analysis by third parties. The data can be stored in the cloud or locally.

To read the full article, visit Clean Energy Finance Forum’s website.

VIA Partners with Monitoring Analytics on Machine Learning Initiative

Somerville, MA – September 5, 2018 VIA, 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.

So, You’ve Updated Your Privacy Policy

If you’re like me, your inbox has been flooded since late April with emails announcing updates to privacy policies and terms of service. Consumer brands like Yelp and Etsy, social media platforms like Twitter and Instagram, and, it seems, everyone in between all sent emails. It’s no coincidence. The newly implemented General Data Protection Regulation (GDPR) means any company operating in the European Union (EU) needs to update its existing privacy policies to comply with this legislation. And as it turns out, that’s quite a lot of companies.

While it was specifically passed in the EU, GDPR has far-reaching implications for companies around the world. The policy addresses consumers’ growing need for transparency and privacy, which, at first glance, seem to be competing interests. But WIRED offers this helpful explanation: GDPR “gives people the right to ask companies how their personal data is collected”, stored, and being used, and to “request that personal data be deleted. It also requires that companies […] get your consent before collecting it.”

Consumers’ growing need for greater data privacy, security, and anonymity, as well as transparency from companies that collect data, extends to the energy industry. Smart meters are a great example of this: EU Member States “have committed to rolling out close to 200 million smart meters for electricity and 45 million for gas by 2020″, at which time it is “expected that almost 72% of European consumers will have a smart meter for electricity while 40% will have one for gas.”

In theory, utilities could leverage the massive volume of consumer data collected by these meters for AI initiatives that seek to improve predictive maintenance and energy efficiency. However, utilities don’t own this data, consumers do. And the EU wants to safeguard it. So, how can utilities balance consumers’ rights to data privacy, security, and anonymity, while leveraging this wealth of new information to improve service reliability and efficiency?

At VIA, we are enhancing our Trusted Analytics Chain (TAC) platform to address this challenge. TAC Permissions is a new feature that allows energy companies’ customers to determine who has access to their personal data and how it is used. Permissions are stored in TAC’s blockchain, making them immutable and auditable by consumers, corporate compliance departments, and government agencies. VIA’s solution helps to alleviate the tension between:

  • Customers’ needs to protect their data
  • Energy companies’ and algorithm providers’ needs to access data to develop and implement valuable services such as improved energy efficiency and reliability.

Smart meters are just one example of the many digitalization technologies that energy companies are using to transform their operations. The industry as a whole is more data-dependent than ever before. In parallel, consumers are more aware than ever of the consequences associated with misuse of their personal data. Legislation like GDPR requires companies to know and comply with customers’ preferences about using personal data. VIA is proud to offer TAC Permissions as a solution for ensuring that customers’ wishes are respected while AI initiatives yield new ways to improve service and efficiency.

Six Values in Six Months: A Co-op Reflects

My name is Meg Foley. I have worked as the marketing execution co-op at VIA’s Davis Square headquarters since January. And this is the story of how that became the most rewarding experience of my life (so far!).

That’s me!

In my two years at Northeastern University, I have already made major progress towards some of my life goals, like traveling the world, earning a college degree, and getting real-life work experience (and I still have three more years to go!). I studied abroad in Dublin my first semester, went to classes in Boston for the next two semesters, and worked at a startup in Davis Square for the past six months.

These experiences have all made me who I am today and my time at VIA is no exception. I gained essential professional experience, and each lesson stemmed from VIA’s company values.

Respect a good challenge and challenge with respect

We believe in facing challenges head-on with passion and excitement. We’ve created an environment where team members feel psychologically safe to raise alternative ideas and share their personal concerns, helping us reach better outcomes in the end.

The team loves to step out for ice cream on a hot day! And after a particularly warm day in February, J.P. Licks even featured one of our ice cream photos on their social media.

As the marketing execution co-op, one of my primary responsibilities was maintaining our Zoho CRM (a database that helps us manage all our relationships with our ever-expanding network). But more than just maintain this system, I made it my mission to make it even more efficient and effective. One component of that meant making data reports, like our sales pipeline, more visually appealing. To do this, I worked closely with VIA COO, Kate Ravanis, to hash out the goals and strategy for how this would work.

For me, the biggest challenge was putting my Excel knowledge to work and being patient with changing formats and preferences. Through many versions and rounds of feedback with VIA’s executive team, I eventually found a way to incorporate everyone’s input and all the essential details. Now that visual report is a part of the team’s biweekly demo, and this challenging project led to a new staple piece of internal communications!

Learning never goes out of style

Learning is all about feedback and trying new things. Each person, at every position in the company, has frequent feedback sessions with their manager to set goals and priorities, reflect on accomplishments, and discuss areas for improvement and additional support.

Somerville team at our brand launch (this was a huge deal to be a part of)

One of my friends, who is also on a co-op at another organization, was shocked to hear how often I speak with my supervisor on the marketing team. “I wish I could get any feedback at all!” he said. I was proud to have such an open line of communication, which has been so important and useful for my personal growth.

This open communication also meant I was able to speak up about projects I wanted to pursue, like becoming the VIA Culture Coordinator, and skills I wanted to develop, like written communication, so I was really able to shape my role at VIA to better fit me. With each new responsibility I took on, I created a comprehensive process guide so future co-ops can continue building on projects I started, like our new Instagram account. I hope these guides allow for many future smooth transitions from one co-op to another, and that it’s one way I can continue contributing to VIA’s learning-focused environment.

Be each other’s biggest fan

Everyone deserves a high five once in a while! The more we support each other, the more we encourage wide ranging contributions from diverse backgrounds to solve problems.

The marketing team treated me to a fun brunch on my birthday.

Every person on the team is recognized and celebrated for any number of reasons: professional accomplishments, personal victories, or even birthdays.

In fact, on my birthday I was taken to a lovely brunch by my marketing team. This is a fond memory I’ll treasure forever. Celebrating the individual, like we did on my birthday, is central to VIA’s culture. As the Culture Coordinator, I was proud to be a part of creating even more structure around what we celebrate and how, like birthdays (of course), work anniversaries, and fun holidays like Pi Day and Star Wars Day.

Ready, set, RESILIENCE!

We are solving problems that others have considered unsolvable. Difficult problems require patience and grit. Individuals require resilience to approach a major challenge and overcome all the smaller challenges along the way.

During my co-op, VIA achieved a lot of exciting milestones. One that stands out in particular was winning the MITX Best Technology Innovation Concept Award. We were thrilled to learn we were finalists, but in order to qualify for the next round of review, someone from VIA would need to present a demo of our blockchain-based Trusted Analytics Chain (TAC).

Due to the very busy travel schedules of our client and business development teams, the only person available on the night of the demo was a member of our marketing team. She needed to learn (in just one weekend) the inner workings of TAC and how to demo it, and prepare for any number of questions that might come up with the judges (I was happy to help her prepare by asking the most challenging questions I could think of, and many of those were actually asked on the night of!). Without her determination and ability to deal with high stakes situations, traits that come naturally to everyone on the VIA team, this feat couldn’t have been accomplished.

Love in = Love out

We believe that if you love what you do, it will show in the quality and productivity of your work. Twice a year we get together for a company-wide offsite where team members’ contributions are recognized and new ideas are discussed.

The team has grown from then to now, we have 20 employees as of June 2018.

We had an amazing company offsite this April. This experience was one of the times I felt most immersed in VIA’s love in=love out culture. For example, during the offsite we had an ongoing activity: a fun fact scavenger hunt. Everyone received a list of fun facts with blank spaces next to them, and our goal was to match the anonymous fun fact to the right person. You would not believe how much we committed to this scavenger hunt! I had so much fun getting to know everyone on the team through this activity, while enjoying some friendly competition (people even formed alliances to pool their answers!). It just goes to show that when people really love what they do, it shows, even in small moments of downtime during an all company meeting.

Stay curious

Technology today is moving at a super fast pace. Curious people who constantly explore new approaches and think outside the box help find the best possible solutions.

Some of the marketing team at a recruiting event at Northeastern.

AI and blockchain technology are two of the hottest buzzwords in the tech world (and beyond) right now. But, explaining what they mean exactly is not so simple. The marketing team stays curious about how we can better make writing about what we do more accessible, and our CEO Colin Gounden does a great job of sharing creative anecdotes and analogies to help us.

One example of that is his Van Halen story: the band’s 1982 world tour contract explicitly stated there shouldn’t be any brown M&Ms backstage. Colin explains how this seemingly bizarre request actually illustrates how Ethereum’s smart contracting functionality works. People’s eyes light up every time he explains this (a real A-ha! moment). Marketing was even able to use this to write one of our latest blogs: “Rock Science: How Van Halen Invented Smart Contracts”.

Goodbye and thank you!

That’s my team (on St.Patrick’s Day) rocking green.

I will miss VIA. It was an adventure, one I couldn’t have trekked without the team here in Somerville (shout out to Marketing!). It must seem cliché at this point, but there is not a single thing I would change about my co-op. Being at a company that cares about the individual as much as the company is rare, and I think the strong set of values is to thank for that.

Germany’s com! professional Features VIA’s Trusted Analytics Chain

The German-based IT magazine com! professional, which covers the latest in cloud solutions and data security for IT decision makers, recently featured VIA’s Trusted Analytics Chain (TAC) in an article published in its June issue. The article, titled “This is How Blockchain and AI Play Together”,* explores how startups across the world are using these cutting edge technologies in combination to develop more effective solutions for a variety of industries.

VIA has seen growing interest in its blockchain-based TAC across the US and in more than 10 countries in Europe and in Asia, and was grateful for the opportunity to reach even broader audiences through this publication. In his interview for the piece, CEO Colin Gounden spoke to the significant role blockchain plays in supporting VIA’s AI solutions, particularly as it relates to establishing secure access to highly sensitive, and oftentimes sparse power company data.

The article was originally published in German, and we have translated a portion of his interview below:

“If they do not have enough data, they will not be able to make correct predictions,” says Colin Gounden, the CEO of VIA Science. According to Gounden, this task can be quite difficult in individual cases – either because many companies do not have enough data or they do not want to share the data for security reasons.

That’s why VIA Science now relies on blockchain technology to let AI algorithms learn from data masses that are stored in different places, without that data moving between the places and having to be brought together. […] “This approaches allows us to ensure data integrity and data security and confidentiality.”

*NOTE: The original article was published in German, and we have translated that to English to the best of our abilities. We have stayed true to the initial intent of the article and apologize for any mis-translations. Here is the original article.