The SIM coin is an incentive token used in the Simmitri platform to reward participants in a network, through smart contracts in the Ethereum, for saving and generating electrical energy.
The platform was created by Simmitri, a 23-year old company specialized in power efficiency services. Their "smartbox" is a device that can be linked to any energy-demanding device to audit data using the blockchain technology. Using artificial intelligence, the platform is capable of analyzing user behaviorShow more [+] data and other energy forecasting data like weather and timing aiding in decision-making for best practices in energy production and consumption.
The sensors across the network are able to detect and regulate energy usage through SIM incentives.