ICO Grid+

Grid+ is developing a hardware and software stack to create a secure Ethereum-enabled gateway and connect Internet-of-Things (IoT) devices. The hardware gateway, or “smart energy agent”, is an Internet-enabled, always-on appliance which will securely store cryptocurrencies and process payments for electricity in real-time, which we refer to as “The Smart Agent”.

The Smart Agent will also be able to programmatically buy and sell electricity on behalf of the user and intelligently manage smart loads (e.g. Tesla Powerwall or Nest thermostat).

The software stack will work in conjunction with the Smart Agent to make payments, using a combination of Grid+ designed payment-channels and a Raiden network hub (when available). Grid+ is developing a system architecture that allows a typical user to leverage the advantages of cryptocurrencies while remaining unaware of their use. Interestingly, the implementation of a secure, always-on system, with low friction payment rails, provides a missing piece of critical infrastructure in the broader cryptocurrency ecosystem.