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Harvard Belfer Center features VIA in recent report on insights from Blockchain for Impact Workshop

June 8, 2023/ NEWS/by VIA

In late April, VIA’s CEO, Colin Gounden was invited to present on a panel during a workshop at Harvard’s Belfer Center for Arts and International Affairs. The workshop, “Blockchain for Impact Workshop: Perspectives on International Development, Public Goods, and Regenerative Economy” brought together over thirty participants who are considered experts in Web3 to discuss the impact this technology is having today and what it will look like in the future.

After the event, the organizers put together a comprehensive report on all of the findings from the workshop. Colin’s panel, “Collaborative Futures” is included in the six page report, where he spoke alongside Cara LaPointe of the Johns Hopkins Institute for Assured Autonomy, Ramesh Raskar, Associate Professor of Media Arts and Sciences at MIT, and Jared A. Favole, Senior Director of Policy & Communications at Circle (pictured below).

Picture courtesy of Blockchain for Impact Workshop

The panel stressed the need for collaboration across stakeholders to maximize the benefits of blockchain. Colin talked about the importance of preserving privacy while collaborating and how Zero Knowledge Proofs (ZKPs) play a role:

By utilizing ZKPs, VIA strives to address the challenge of preserving the privacy of sensitive data, which often hinders data owners from sharing information freely. The implementation of ZKPs helps facilitate secure and transparent collaboration among stakeholders, furthering the mission of creating positive social and environmental impact.

Coming out of the event, is another! Colin has invited fellow panelist, Jared Favole, to VIA’s Somerville office for a talk on the intersection of blockchain and domestic and foreign policy. The chat will be live streamed on June 27, 2023 from 2:30 – 3:15pm ET. To RSVP for the event, visit the LinkedIn event listing.

If you would like to speak directly with a member of our team about the ways we can help your organization collaborate using Web3, contact us!

Blockchain for Europe and IOTA Foundation feature VIA’s Web3 solutions in recent report

May 12, 2023/ NEWS/by VIA

Blockchain for Europe, a members-only organization that serves “companies driving innovation, integrity, and empowerment through blockchain,” partnered with IOTA Foundation, a non-profit that develops next generation protocols, to write a comprehensive report on the ways blockchain is supporting global sustainability efforts.

The report titled, “An Overview of Blockchain for Climate Action and Sustainability,” includes VIA’s Web3 solutions in a section that covers global climate change initiatives. The authors discuss Skylight and a more recent initiative for EVs:

VIA’s Web3 platform will then also allow verification of the fuel mix of the charge and discharge of EV batteries, incorporating VIA’s zero-knowledge proof (ZKP) to maintain the privacy of sensitive data that currently creates friction for the data owner in the decision to share this information.

For the full report and details written about VIA’s Skylight and ZKPs application for EVs, visit the Blockchain for Europe website. If you would like to speak directly with a member of our team about the ways we can help your organization using Web3, contact us!

VIA announces 10th patent granted in January 2023

January 10, 2023/ NEWS/by VIA

VIA, the leader in Web3 for secure verification, integration, and analysis of private data, is pleased to share that the United States Patent and Trademark Office has granted VIA its 10th patent. The patent portfolio covers a range of Web3 capabilities including cryptography, and secure, decentralized AI analysis orchestration.

GreenBiz highlights VIA CEO’s insights about electric vehicles

January 5, 2023/ NEWS/by VIA

As we enter 2023, many of us in the energy space are eager to learn about the year’s outlook. If you are one of those people, you are in luck, because VIA’s CEO Colin Gounden was selected to share some valuable insights in a recent article by GreenBiz. This feature is a part of an extensive 2023 predictions piece in the transportation and mobility sector. The author of the article Vartan Badalian, GreenBiz Group Transportation Analyst, offers his thoughts on the race to net zero. Vartan highlights challenges, opportunities, and trends shared by world transportation leaders, such as Delta Air Lines, Lyft, Enel X Way, and many others.

While more than 20 experts provide their views, Colin’s comments are the only ones related to Web3 and also bidirectional charging:

We expect a dramatic rise in vehicle-to-building and vehicle-to-grid charging. With extreme weather, aging infrastructure and record supply chain shortages, the new generation of bidirectional electric vehicles will be a highly attractive source of energy flexibility for grid operators. Web3 technologies like zero-knowledge proofs will help verify that the electrons returning to the grid are from renewable sources while maintaining the privacy and anonymity of EV owners.

To read the full article on the GreenBiz website, click here. Curious to learn more or continue the conversation? Feel free to reach out to Colin directly on LinkedIn or email our team at info@solvewithvia.com.

VIA’s 2022 Highlights in 60 Seconds –
How the VIA values shaped our 2022

December 22, 2022/ BLOG/by VIA

One clear theme for VIA emerged in 2022: W3. What do we mean by that? VIA CEO Colin Gounden explains in under 60 seconds.

Examples of Living Our VIA Values in 2022

The VIA values are expressed not just in our day-to-day interactions and culture, but also as a guide for decisions we make as a company. Here’s a look back at how we integrated our values into everything we did in 2022.

Love in = Love out

Our Love in = Love out value is all about taking pride in what you do. VIAneers got to express their pride in our mission captured in the video below.

Be each other’s biggest fan

For the first time in three (3!) years, we hosted our semi-annual Power Up in person at our Montreal office. This was our largest company onsite ever with nearly 20 new VIAneers hired this year. VIAneers got together to share ideas, lend support, and brainstorm.

As a company located across multiple countries, we know that getting ALL of our VIAneers in one space was not an easy feat. In true VIA fashion we’d like to share a shout out to our People & Operations team for organizing and coordinating a fabulous multi-day onsite!

Stay curious

As a company at the forefront of cutting-edge Web3 technologies, not only do we need to be curious about what others are building in the community, but we share our own learnings as well.

In 2022, VIA was featured in a record number of podcasts. One standout interview was with Nasdaq’s TradeTalks, where VIA CEO, Colin Gounden, explained the connections between Web3, blockchain, the U.S. DOD, and clean energy in 6 minutes.

Not only were we giving talks remotely – we did it in person too! Chainlink invited VIA to speak at 2022’s must-attend Web3 event, SmartCon 2022. Didn’t get to be there? Luckily for you we have a 90 second summary of Colin’s talk!

Learning never goes out of style

At VIA, we’re always learning. We began the year by being one of only ten companies out of more than 100 applicants selected to join Wharton University’s Stevens Center Cypher Accelerator program, where we learned from the biggest names in blockchain such as a16z and Pantera.

Then, we ended the year with another innovative accelerator program, when we were selected as one of only nine companies out of more than 200 applicants to learn from industry leaders at the AWS Sustainable Cities Accelerator for Infrastructure.

Ready, set, RESILIENCE!

In 2022, not only did we improve and upgrade our current technology infrastructure, we added brand new features to our Web3 platform. We wrote multiple blogs about zero-knowledge proofs, homomorphic encryption, and even shared some open source code.

Respect a challenge and challenge with respect

The energy sector faces tough challenges in war, weather, and waning infrastructure globally. This year VIA rose to that challenge with the launch of Skylight, our Web3 platform to support ultra-fine grained demand response. Read about how we leverage zero-knowledge proofs, NFTs, and more in our latest white paper.

And that’s a selection of our 2022 milestones! We couldn’t have done it without the contributions and continued support of customers, partners, and of course our very own VIAneers.

In last year’s end of year reflection blog, we aimed to scale up in 2022 – all of which came true. After all, the best way to predict the future is to build it. In 2023, VIA is looking forward to announcing our contributions to communities big and small globally.

The year in Switzerland:
highlights of mission-driven initiatives in 2022

December 20, 2022/ BLOG/by VIA

Avid VIA blog readers will be familiar with the many reasons for why we picked Switzerland as our European headquarters. In short, the country is a leader in clean energy, data privacy, and blockchain – three areas that strongly align with VIA’s mission to make communities cleaner, safer, and more equitable.

The prestigious Tell Award we received in October of 2021 recognized VIA, along with Moderna, at a national level in Switzerland and set us up for an eventful year ahead. For all of you visual learners following VIA, here’s a look back at all things VIA that took place in Switzerland in 2022.

January 2022: Swiss media features VIA and HSLU in an article on securing smart meter data. Learn more here.

Swiss Ambassador to the United States, Markus Börlin, interviews VIA CEO Colin Gounden in New York. Learn more here.

EPRI puts VIA data privacy through its paces with an independent evaluation process. Learn more here.

July 2022: The VIA team hosts Swiss VIAneers Jeanine Pilloud and Martin Ramsler at VIA’s Boston headquarters.

August 2022: VIA Expansion Manager Ray Neubauer speaks at the SUEID conference in Bern. Learn more here.

September 2022: VIA participates in the Energy Data Hackdays event in Brugg for the third consecutive year with a challenge developed by VIA’s Skylight team. Learn more here.

October 2022: Our Swiss site, solvewithvia.ch, is launched in three languages: English, French, and German.

Swiss podcast Insider’s Guide to Energy interviews VIA CEO Colin Gounden to talk blockchain and energy. Learn more here.

December 2022: VIA CEO Colin Gounden travels to Switzerland to meet with our Swiss counterparts and customers to talk Skylight. Pictured below – Innovation Process Technology in Zurich hosts Swiss VIAneers Raimund Philip Neubauer, Jeannine Pilloud, and Colin Gounden for dinner after a Web3 talk.

As 2023 approaches, we look forward to scaling the technology and partnerships in Switzerland. In the meantime, thank you to all our partners and VIAneers for your support in creating a solid foundation. We are sending our sincerest and warmest holiday wishes to all of our European communities.

The Merge and what it means for clean energy

September 1, 2022/ BLOG/by VIA

As we outlined in our most recent blog post, there’s massive pressure across the board to reduce energy costs and prevent power blackouts. For governments, utilities, industry, and many consumers, improving how we consume and manage energy has become a number one priority to maintain grid reliability.

One area that’s about to do its part to relieve this pressure is blockchain. Colloquially called “The Merge,” a long awaited change in the validation (or “consensus”) mechanism on Ethereum will be finalized in September.

By most calculations, the new upgrade will use roughly 2000x less energy than the current consensus mechanism. Like most innovations these days (e.g., speech recognition, file compression, self-driving cars), math is at the heart of this improvement.

The key change is in the “proofs.” In a completely decentralized and anonymous network, how can you verify that a transaction between two parties actually happened, when there’s no intermediary? For example, if you and I are trading bitcoin and one of us disagrees on the amount that got transferred, who do we go to as an arbiter? Different mathematical proofs are used to verify which transactions are real. In short, the current proof (proof-of-work) is greedy for energy and the new proof (proof-of-stake) has the same level of validity but is much more energy efficient.

This is good news for everyone. Not only will one of the most popular blockchain mechanisms significantly reduce its carbon footprint, transactions (e.g., minting NFTs, smart contracts) will be significantly cheaper as well. The timing couldn’t be better. As we’ve written about, the use of smart contracts and Zero-Knowledge Proofs have huge potential to support the transition to clean energy.

You’ll have seen a lot of blogs and posts from VIA recently about our work in Zero-Knowledge Proofs. We also use an energy efficient proof-of-stake approach, although our work is focused on creating proofs for energy data. Connections to Ethereum through oracles were in our original 2018 white paper and part of our roadmap. Until The Merge, however, VIA has had a private blockchain dedicated to a few users (e.g., U.S. DOD) for secure, digital asset custodial tracking. With the changes to a cheaper, more energy efficient Ethereum, we plan on leveraging EVMs post-Merge, for our newest applications.

War, weather, and waning infrastructure: The urgent need for community-led grid resiliency

August 25, 2022/ BLOG/by VIA

To keep your lights on, the electric grid runs on one simple principle: power generation must be greater than power consumption.

While simple in principle, this is a challenge in practice. Consider the following headlines from the past 30 days:

Power is experiencing a perfect storm that’s impacting consumers the most (high prices and blackouts¹). The challenges are global, although with regional variations.

In Europe, sanctions against Russia are limiting fuel supply that has led to fuel shortages, price spikes, and, worst of all, outages². Compounding the supply issues is an aging generation and grid infrastructure. For example, France, normally self-sufficient or a net exporter of power, has 31 of its 57 nuclear power plants shut down due to unexpected maintenance³. This hits at a time when Europe and the U.S. are facing record heat waves⁴. As air conditioning is not as widespread in Europe, the bigger concern is that in a severe winter, when energy consumption generally doubles, outages will be even more widespread⁵⁶.

In the U.S., sanctions against Russia have increased fuel prices but have not impacted supply directly. What’s more problematic is that while solar and wind generation is on the rise, connecting the power to the grid is slow, sometimes taking over a year, due to regulatory reviews and backlogs or the lack of energy capacity⁷. An aging infrastructure is also struggling to keep up with electrification. This is already having an impact in both New York and Texas as heat waves in the U.S. have been record breaking in temperature and duration.

To solve for this, many utilities are engaging their customers directly. The idea is that when consumers lower their electricity usage, they keep demand lower than supply. While many traditional businesses have done everything in their power to build a direct relationship with their customers, most consumers only know their utility through their monthly bill and when the lights go out.

Similar to how the first generation internet helped improve customer engagement (e.g., email, online billing, order tracking), we see Web3 as a way to bring grid operators closer to their customers through direct engagement on the transparency and tracking of their electricity usage. Technologies like Zero-Knowledge Proofs, smart contracts, and tokens can help grid operators incentivize, coordinate, and track individual consumer usage while maintaining complete data privacy.

You’ll have seen some of VIA’s tech stack already demonstrate some of this functionality through our blogs. In the coming weeks, we’ll be talking more about how VIA can provide a turn-key solution to power providers and grid operators.

^{1. Unprecedented Heat and Stressed Grids Make Dangerous Power Outages Increasingly Likely | Huffpost}
^{2. War and Warming Upend Global Energy Supplies and Amplify Suffering | NY Times}
^{3. Paris Faces an Even Colder, Darker Winter Than Berlin | The Washington Post}
^{4. Europe energy supply ‘in a very tight spot’ amid record-breaking heat wave | Yahoo}
^{5. Climate change: Drought highlights dangers for electricity supplies | BBC}
^{6. European Heatwave Could Threaten UK Electricity Supplies | Engineering and Technology}
^{7. Energy experts sound alarm about US electric grid: ‘Not designed to withstand the impacts of climate change’ | CNN}

The BIG (but hidden) deal in the Inflation Reduction Act and other upcoming regulations

August 18, 2022/ BLOG/by VIA

Following the $1.2 trillion Infrastructure Investment and Jobs Act (or Bipartisan Infrastructure Law) last year, an additional $437 billion in Tuesday’s Inflation Reduction Act may seem like small change.

It’s not.

Unless you’re into the policy details like VIA is, one thing that may have gone under the radar is that there’s the potential to add billions of dollars to consumers’ wallets and purses each year. The reason isn’t the tax credits or incentives in the bill itself (although that’s certainly part of it).

There are two different pieces of legislation and regulation that are going to make this happen. The first is this week’s Inflation Reduction Act and second is FERC 2222. The rule came out a few years ago, but won’t go into full effect until 2023. This is a national (except Texas) rule that makes it possible for pretty much anyone to participate in the wholesale energy markets.

Wait, wholesale what?

In short, FERC 2222 says that consumers of a certain size (individually or aggregated together) can buy and sell energy at the same price that a multi-billion dollar company can. Up until now, most consumers were paid or saved whatever their going retail rate was (e.g., $0.15 to $0.30 per kWh) for reducing their consumption, shifting the time of their consumption, or selling their generation (e.g., solar) back to the grid. While not nothing, wholesale electricity rates can fluctuate dramatically. For example, during emergencies, wholesale prices can be MUCH higher (e.g., $20 per kWh). Those volatile, skyrocketing prices are becoming more frequent and lasting longer. We’ll actually be talking about the drivers of that volatility in an upcoming blog post.

The impact is that, by some estimates, a consumer could earn $500 to $1,000 (your mileage may vary) per year through various demand response programs. That’s with retail pricing. With wholesale rates, those cash payments will be significantly higher.

So that’s FERC 2222. What’s the connection to the Inflation Reduction Act?

Well, a lot of incentives are in place for consumers to upgrade to electric heat pumps, add solar, add EVs, and upgrade appliances. Anything new has the potential to be “smart.” That is, remote controlled so it can automate the process of turning on or off when needed. Like during an emergency.

The combination of new “smart equipment” purchased through the Inflation Reduction Act and FERC 2222 mean greater incentives and lower barriers to adoption (automated transactions instead of manual transactions).

If you follow the news, there’s been some backlash against the idea of having a company, like a utility, remote controlling the appliances in your home.

We agree. That’s why we believe so strongly in our new Web3 solution, Skylight.

Three key benefits of VIA’s Skylight value proposition are:

So, overall, we’re pretty excited about the combination of events playing out right now. For savvy consumers, there’s HUGE potential for additional income and you don’t even need your tax accountant to help you out.

Of course, we’re equally excited that the regulatory direction is in line with VIA’s overall mission to make communities cleaner, safer, and more equitable.

Stay tuned for more upcoming announcements from VIA on this topic.

Text – H.R.3684 – 117th Congress (2021-2022): Infrastructure Investment and Jobs Act
H.R.5376 – 117th Congress (2021-2022): Inflation Reduction Act of 2022
The actual amount will vary by size of home, local tariffs, local grid topology, etc. In many instances, demand response happens through an aggregator who may take as much as 90% of the savings for their role as a middle man.
A demand response program is a program where electricity consumers agree to reduce their power consumption a certain number of times per contract period in return for financial compensation. A twist on this model is the Ford F-150, Duke Energy program. “Pilot incentives will reduce vehicle lease payments for program participants who lease an eligible electric vehicle (EV), including Ford F-150 Lightning trucks. In exchange, customers will allow their EVs to feed energy back to the grid – helping to balance it during peak demand.”

Why Switzerland?

April 14, 2022/ BLOG/by Kate Ravanis

Yes, we love chocolate, cheese, and clean mountain air.
That (alone), however, is not why VIA is spending so much time in Switzerland.
Switzerland is the leader in three areas core to VIA: clean energy, data privacy, and blockchain.

Clean Energy

More than 190 countries around the world have pledged to reduce carbon emissions. Switzerland is one of the few that has legislation, a deadline, and active programs to move towards net zero. Not only is this commitment aligned with VIA’s mission, it enables VIA to actively support the clean energy transition and exactly where that transition is happening the fastest. As part of VIA’s commitment to energy and Switzerland, we’re pleased to have been admitted to the Association of Swiss Electrical Companies last week.

Data Privacy

Arguably no country in the world has a stronger reputation for data privacy than Switzerland. The laws around data privacy continue to evolve and become stricter over time. By being aware of the leading edge of privacy regulations, VIA’s platform is in a position to support any jurisdiction.

Blockchain

Switzerland’s Crypto Valley is to blockchain what Silicon Valley is to software. With over 1,000 blockchain companies and one of the world’s first countries to enact crypto and blockchain legislation, Switzerland is an ideal location to lead blockchain initiatives. Earlier this year, VIA was admitted to the Swiss Blockchain Federation (see photo below). It’s in everyone’s interest to participate in an active innovation community that also has a clear regulatory framework.

Pictured above at the general assembly of the Swiss Blockchain Federation in Zurich: Ray Neubauer, Expansion Manager at VIA, Markus Riner, Head of Digitalization at VSE (Swiss Association of Electricity Suppliers), and Dr. Fabian Streiff, Head of Economic Development Agency of the Canton of Zurich.

If you’re interested in hearing more about how and why we chose Switzerland as our European headquarters, you can watch this ten minute video with our CEO, Colin Gounden being interviewed by the Swiss Ambassador to the U.S.

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