COMPLETED
Due diligence

Deep dive analysis of the Energy market
Study of the current energy requirements/forecast for the next decade
Study of the problems with the current state of the energy market, challenges with global energy generation, transmission and distribution
Study of the problems faced by gencos, transcos and discoms
Evaluation of country wise energy market regulations
Articulating the problem statement
Competitor analysis - Including software and hardware players across the globe
Evaluation of key feature offerings by each player in the field
GAP assessment / SWOT analysis

COMPLETED
Core team formation

Identifying and interviewing subject matter experts from the industry
Shortlisting and rolling out of contracts/NDAs with selected members

COMPLETED
Project planning

Formulating the scope of work (SoW) document to cover the proof of concept testing and final state system development
Creating the work breakdown structure and timelines for tasks related to the power syste design, technology development, marketing, sales, and partnerships
Identifying the stakeholder management plan and RACI matrix
Formulating key project milestones with clearly defined timelines
Financial projections required throughout the project lifecycle

IN PROGRESS
Proof of concept / Minimum viable product development

Drafting of physical line diagrams and load profiles for the PoC
Evaluation of the various load profiles as per electric standards
Drafing of test cases based on variations in generation andusage considering differential loads
Procurement of smart meters and power/load equipments for the PoC
Development of a broker service for establishing communication with various smart meters (GSM, PLC, Modbus, Radio frequency mesh, SCADA)
Development of Voltreum Core Processing (VCP) engine and backend logic for recording transactions on the blockchain system
Smart contract deployment on the testnet server
Fine-tuning the VCP engine logic with an aim to develop a robust and resilient core
Security audit of the VCP engine
Deriving key metrics and associated costs for the end to end transaction to develop the business case and financial projections
Business case creation

IN PROGRESS
UI/UX development

Finalizing a list of top features/parameters in line with feedback from key stakeholders (Discoms, Govt agencies, End users)
User access management in line with significant data security and compliance standards
Mobile app and web interface UI and UX design

SCHEDULED
Go to market / Whitepaper launch

Setting up of social media channels
Roll-out of community management services to build brand awareness
Whitepaper launch
Creation of marketing collateral and business pitch
Website launch

SCHEDULED
Seed sale

Secure funding through a seed sale

SCHEDULED
Private sale

Secure funding through a private sale

SCHEDULED
IDO

Official listing on a decentralized exchange

SCHEDULED
Strategic partnerships for pilot testing

PAN India expansion
Documenting key lessons learnt
Optimizing the application based on lessons learnt

SCHEDULED
Global ramp-up

Global expansion in various markets