Cynotrust Intelligent Systems Limited (Cynotrust), a blockchain and distributed ledger technology company that has fully developed and tested its proprietary multi-functional application ecosystem.
With extensive expertise in the energy sector, IT, and financial service sector, the team at Cynotrust initiated the development of the MoCrow Ecosystem; a platform specifically designed to integrate DLT onto energy sector marketplace (energy [kWh] audit and sales) with the aim of eliminating the sector’s inefficiencies and high losses. It cannot be debated that sufficient electric energy is a key driver for economic growth.
Cynotrust seeks to improve efficiencies in the energy sector value chain by deploying practical technological solutions necessary to spur, sustain and increase economic growth in both developing and under-developed regions of the world. The global electricity sector is going through some fundamental changes; the world is rethinking its use and reliance on fossil fuels, and advancement in distributed energy systems is reshaping how we generate, transmit and distribute energy.
Cynotrust currently has a partnership with an Electric Utility Company in Nigeria, JOS Electricity Distribution Plc. Implementation of DLT solution to energy trading has been tested and is currently deployed.