ELECTRIFY plans to develop a decentralised energy marketplace that runs on the blockchain. ELECTRIFY is the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy. With a GMV of over SGD$10 million to date, ELECTRIFY has transacted more than 60GWh of electricity for commercial and industrial customers since March 2017. Synergy allows consumers to buy power directly from small-scale producers, such as residential rooftop solar and wind turbines. This removes the middleman, reducing energy costs for all consumers.