September 01, 2022 - 2 min read
SupraOracles is excited to partner with IOEN, a new blockchain-driven solution that helps decentralize and reward users for sharing energy among devices. IOEN is devoted to creating grids and micro-grids, which operate as energy facilitators and enable smaller micro-grids to access the wider energy distribution network.
Built on Holochain, IOEN is integrating emerging blockchain products to offer energy providers new incentives for sharing and adding their energy powers into the same grid. IOEN unlocks new renewable energy sources for the network community by developing mini-grids. In this aspect, SupraOracles will become an invaluable asset for the IOEN marketplace as it will retrieve prices from the global or national energy market.
SupraOracles’ decentralized oracle network will facilitate IOEN with key elements enabling the network community to become lucrative. Thus, by feeding data from external sources into IOEN, such as weather data, exchange rates, and event information, IOEN can adapt energy requirements and distribute energy as needed through the network. Moreover, by integrating real-world data into the IOEN system, the protocol can more accurately predict and distribute energy sources based on key events and other significant indicators.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“The objective of IOEN is to create a network environment where energy sources can be distributed within an enclosed mini-grid and become lucrative for the entire network. We are honored that IOEN has chosen SupraOracles to link them with high-quality off-chain data and promote the development of the IOEN network.”
SupraOracles wants to bridge the gap between traditional capital markets and the web3. Our goal is to give the developer community a breakthrough oracle toolset that allows them to effortlessly build, deploy, and manage data applications with improved performance, robustness, and agility.
Experts in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, Ph.D. academics, big four consulting, blockchain/DLT, and DeFi make up our team.
With the support of our developer community and a growing number of partners, SupraOracles hopes to solve the oracle problem and eventually power the future of finance.
IOEN is the next generation of digital energy management and optimization. IOEN tech enables an interconnected virtual microgrids system that facilitates transactions within and between local energy ecosystems: from the appliance level to energy generation, storage, and consumption.
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