Bill Tai Joins Blockchain Startup Power Ledgerbr>
Blockchain-powered renewable marketplace Power Ledger has added venture capitalist Bill Tai to its board of advisors. Tai will also become an ambassador for the Australian company.
Tai established the Silicon Valley office for CRV and is a partner emeritus backing Scribd and Wish.com on CRV’s behalf. As an individual, he is founding chairman of data science company Treasure Data, Inc.; a board director of bitcoin blockchain processor BitFury, and real time messaging company Voxer. He is a lead seed investor in Canva, Color Genomics, Safety Culture, Shoes of Prey, Tango.me, Tweetdeck(Twitter), Vantage Robotics, and Zoom.us.
Tai is also a co-creator of the Blockchain Summit which took place last month in Sir Richard Branson’s private retreat, Necker Island.
Dr Jemma Green, Power Ledger co-founder and chair, was invited to the Summit to present on how her company was applying blockchain technology to enable the decentralization of energy systems. While there she met with Tai where it was revealed he would become an ambassador for Power Ledger.
“Power Ledger is a standout among the companies at our gathering, solving a real problem in an enormous market,” said Tai. “Jemma and her team have shown the world how blockchain based technology can be applied to create liquidity and efficiency in the renewable energy markets with a solution that can be truly transformative. The application of blockchain technology is making itself known in so many different industries now. Power Ledger’s solution is in the final stages of commercial deployment, and shows massive promise in the future of renewable energy and decentralizing the grid
“It’s extremely exciting that Bill is now part of the team,” said Green. “To have someone of Bill’s calibre as an ambassador within the team will really help bring about change on a global scale.”