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Wavex, a startup aiming to empower people to trade electricity

September 24, 2017

 

 

 

 

 

Wavex is a startup born in Sharjah eight months ago and has already won the first post in StartAD FinTech Venture Launchpad, the platform supported by NYU, Tamkeen (UAE Ministry of Economy), UAE Exchange, IBM and Abu Dhabi Global Markets (ADGM).

The startup aims to give the power to the people for trading electricity by using blockchain. Wavex founders got several hackatons before getting awarded at StartAD.

His CEO and Lead Developer, Mr. Mohammed Rashid, explains in the interview the biggest challenge that the Wavex team faced ("going to the peer to peer model") and how their disruptive model will allow the company to "supply energy without owing any infrastructure."

 

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