Power Ledger (POWR), AirSwap (AST) At 2018 XTC Semi-Final; POWR Become Finalist, Branson’s Necker Island Awaits

tech race

Power Ledger (POWR) is heading to Necker Island – the private island owned by billionaire Sir Richard Branson. Having been named in November as one of 10 semi-finalists of the annual Extreme Tech Challenge (XTC), POWR – along with fellow crypto startup AirSwap (AST) – today took to centre stage at CES 2018 in Las Vegas; each conducting 5-minute presentations.

The two burgeoning blockchain companies gained invaluable exposure from participating in CES – the world’s largest tech exhibition. For Power Ledger though, the benefits look set to flow into the February 28 final, where they and fellow finalists – Revl and Owlet – will pitch to an all-star panel spearheaded by Branson himself.

The eventual XTC winner will acquire financial resources, enabling fast-tracked growth. Perhaps even more rewarding are the networking effects that follow, courtesy of the unprecedented access gained to influential business mentors investors.

Today, co-founder Dr. Jemma Green presented on behalf of Power Ledger – who were the eighth semi-finalist to pitch. Green dissected the dire state of the energy market, and explained how POWR seeks to fix this global issue, referencing their peer-to-peer trading projects in Australia, New Zealand, India, and Thailand as proof of concept.

According to their whitepaper, Power Ledger, “is a trustless, transparent and interoperable energy trading platform that supports an ever-expanding suite of energy applications.”

The last semi-finalist to pitch was AirSwap. Presenting was co-founder Don Mosites, who explained how AirSwap is contributing to the blockchain revolution “by providing the world’s first token search and exchange at a global scale.”

AirSwap – as per the their whitepaper – serves to “facilitate a true peer-to-peer ecosystem for trading tokens on the Ethereum blockchain.” Mosites also used the talk to announce the (limited) beta of their mobile token trading app.

At the time of writing, the market caps of POWR and AST rank #67 and #119, respectively, according to CoinMarketCap.

Also representing blockchain in today’s XTC semi-final were Abra (first ever global digital payment network for smartphone) and Chooose (monthly subscription for climate neutrality).

Image From Shutterstock

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