When Benson Wang discovered he could cut his business’ energy bills by 25 percent, switching providers felt like a no-brainer.
Three months later, he’s saved 900 Singapore dollars (around $660) — money he’s pumped back into his tapas restaurant.
Wang's is one of about 500 Singaporean companies said to have saved a combined 1.5 million Singapore dollars ($1.1 million) in the past year by moving over to Electrify, a new blockchain-based platform designed to cut bills and change the way we think about energy.
It may sound like a complex model. It is. But according Electrify's 29-year-old co-founder and CEO, Julius Tan, it's the obvious next step for an industry ripe for disruption.