The problem Switch is addressing is one that is familiar with most Nigerians, the Nigerian electricity grid is unreliable and economically extractive. this stems from the fact that for most of it's existence, the grid has been run as a single monopolistic company.

At Switch, we believe that the antidote to this is decentralization. For this purpose, Switch has designed a cryptographically secure hardware device, code named Maxwell, for metering and peer-to-peer electricity contracts, along side a web3 platform & metering infrastructure for tokenizing rooftop solar assets.

The tokenized solar asset is a digital representation of the physical asset. It’ll be an NFT returning carbon offset credits & revenue income from the proceeds of electricity retail to the NFT holders. Anyone will be able to track each individual installation and see its performance figures in real time on the blockchain. By tokenizing these assets, we also make it possible for smaller investors to participate in solar energy projects.