Swytch, a blockchain-based clean energy incentive, announced a multi-million dollar strategic investment by Reflective Venture Partners, a privately owned and managed blockchain technology fund. The capital will be used to fund the development of the Swytch platform, including strategic and technical collaboration between Swytch and the Rchain platform. 

Swytch is a blockchain-based platform that tracks and verifies the carbon impact of renewable energy generation and other sustainable actions. 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 therefore how many Swytch tokens to award. 

"The leadership at Swytch is building a world-class, clean energy solution that strikes at the heart of the issues facing the energy sector," said Steve Careaga, general partner of Reflective Venture Partners. "The team truly understands the global energy financial dynamics and is on a path to disrupt the energy sector as we know it today and create a brighter future for all of us. We look forward to helping drive innovation and collaboration in this space."

Reflective originates from an ongoing strategic partnership with RChain Cooperative, a third generation blockchain platform that will allow developers to build self-sufficient, high-performance applications with built-in industrial grade scalability, security and speed.

"Reflective Ventures is well recognized as a long-term investor in blockchain projects with a higher purpose," said Evan Caron, co-founder and managing director of Swytch. "Our core values and ambition for a better world make this partnership a great fit. From a technical perspective, we are impressed with RChain's potential in terms of transaction speed, scale and interoperability and we look forward to exploring opportunities to use the Rchain platform." 

In addition to the partnership with Reflective Ventures, Swytch also recently announced its token sale. To sign up, visit Swytch.

Reflective Venture Partners | www.reflectiveventures.io

Swytch | swytch.io