Midwest Momentum

11-6-2022 Synota


Listen Later

Austin Mitchell of Synota, talks about 3 million dollar seed funding they acquired. 

His company is creating a system to use the Bitcoin chain to upgrade the energy finance system from one of analog to digital and from a centralized system to a decentralized one. 

 Mitchell says, "Energy is dynamic and the consumers experience is changing with smart thermostats and smart appliances but they are not seeing the true value of that change because the finance procedures for billing us for energy is not able to be fluid when prices are high or low for energy in the market.  Synota has come up with a way to decentralize the finances saving companies money and time, which trickles down to saving the consumer money for their energy.   

If we can decentralized the energy finance part just like the energy system is decentralizing, if we can match those two we can really unlock the value that is hidden today through aggregation and socialization. 

...more
View all episodesView all episodes
Download on the App Store

Midwest MomentumBy Midwest Momentum