Blockchain Energy Platform Energi Mine Partners With South Korea’s Hotel Cappuccino

Announcements, Blockchain, News | August 14, 2018 By:

Blockchain firm Energi Mine has teamed with South Korea’s Hotel Cappuccino to allow hotel guests to earn EnergiToken (ETK) as a reward for energy saving.

Energi Mine develops products in the energy management sector and uses deep learning artificial intelligence models to trade and manage energy. The company has a blockchain-driven platform that decentralizes the global energy market by incentivizing energy conservation. It currently manages over $140 million worth of energy on behalf of over 1,100 sites across Europe with existing revenue of $500,000.

Founded in 2015 in the Gangnam district of Seoul, Hotel Cappuccino is South Korea’s first urban lifestyle destination which implements various programs in which people can practice socially shared values themselves. The hotel’s Earn&Giveaway gives out ‘Angel Coupons’ when guests do not use amenities in their rooms. The guests can then either donate the coupons to, or exchange them for a free drink at the in-house cafe.

The partnership will see Energi Mine provide its blockchain reward platform to all guests that stay at Hotel Cappuccino, issuing ETKs that will be distributed by the hotel to its guests as a financial reward for energy saving behaviour. The objective of the partnership is to financially reward energy saving behaviour in a way which encourages people to make these behaviours instinctive actions, effectively teaching them to be greener.

Hotel Cappuccino said the partnership with Energi Mine is a perfect fit for the hotel, as it will further encourage guests to be more eco-friendly during their stay and beyond.

“We are aligned with Energi Mine’s values and overarching vision to induce people’s active participation in energy saving through a new technology, which is of global interest,” said Chae Hye-jeong, General Manager of Hotel Cappuccino. “We are delighted to enter into the partnership with Energi Mine and be part of the construction of a new energy eco-system.” She added, “Energi Mine manages substantial amount of energy, disrupting the energy markets through utilising blockchain technology, not just having ideas. We will work together and bring to life various ideas for creating good shared values in society with EnergiMine from the long-term perspective.”

Energi Mine CEO Omar Rahim said that their partnership with Hotel Cappuccino is a natural fit, as they share the belief in making positive behaviour changes to reduce global energy consumption.

“We want individuals to be mindful of their environmental impact on the choices they make, ultimately making over consumption a social taboo,” Rahim said. “We look forward to future collaboration and discussing with Hotel Cappuccino how we can encourage behavioural changes on a more individual level utilising the EnergiToken application later this year.”