Nevermined, in concert with Combinder, Peaq, and Olas, has achieved the first real-world AI-powered energy management system by merging artificial intelligence (AI) with blockchain technology.
This project introduces AI agents capable of predicting energy production and consumption by using data and predictive models to autonomously make decisions in real time. These decisions are powered by secure transactions enabled by Nevermined’s blockchain payment system.
This exciting project is starting a new era of smart energy management combining AI, blockchain, and energy data where it matters – a secure, decentralized and transparent payment process between autonomous agents and energy data processors. Nevermined provides this infrastructure for payments by these AI agents, to access real-time data from Combinder. This implementation marks the first real-world application of AI agents utilizing decentralized energy systems, opening up a realm of possibilities and potential implications for the future of smart energy management.
Bridging AI and Blockchain for Real-World Energy Solutions
It is important to point out that Nevermined isn’t just the payment processor in this project, it is actually functioning as a bridge between AI agents and the blockchain ecosystem. By allowing AI to communicate with blockchain networks, Nevermined ushers in a system where energy data and AI models can be accessed and monetized securely. This integration ensures that AI-driven decisions are made optimally and adds a secure transparent layer, which is very important in decentralized systems.
The autonomous AI agents of this project built on Olas, for instance, can predict energy tendencies hourly. The payment protocol based on Nevermined’s blockchain platform handles and guarantees payments to access these data feeds, allowing the AI agent to make rational instant decisions regarding when it is appropriate to use excess power, prevent wastage, and improve efficiency.
The collaboration with Combinder, a user-owned network that connects distributed energy resources (DERs), like rooftop solar units and private EV chargers, enables a flow of reliable data non-stop. Also, users are incentivized by Combinder to share energy data for the AI agent to produce the desired predictions, in return for token rewards.
This creates an ecosystem where both AI agents and data providers benefit.
Nevermined, the Future of Decentralized Energy Management
This system is poised to offer many possibilities for future work in energy management. Nevermined’s payment rails could be seamlessly extended to add new data sources such as weather forecasts, more agent-controlled devices, and more sophisticated AI models.
Nevermined infrastructure also allows building of decentralized, user-owned energy networks, which are keys to future sustainable energy. By providing secure, paid access to data and AI models, it facilitates easier collaboration across energy providers, consumers and developers.
With the ability to make payments across different blockchain ecosystems (using tokens like $PEAQ in this case), Nevermined ensures that decentralized systems can function without the challenges of traditional payment. Additionally, for those preferring conventional methods, Nevermined offers the flexibility of fiat payments through Stripe integration.
According to Don Gossen, co-founder of Nevermined, “AI agents have the potential to transform beyond our wildest dreams, but a payments system tailored to their unique needs is a must for that potential to come to life.”
In a world that is becoming increasingly decentralized, Nevermined’s innovation will be key to ensuring that energy is maximized, while wasted excess energy is minimized.
The combination of Nevermined, Combinder, Peaq and Olas is the first of its kind, with a push towards the creation of more advanced, decentralized and sustainable energy solutions.
With experts believing that by 2030, the global market for AI-driven energy management is projected to reach $12.2 billion, as a result of significant growth in Asia and the Middle East, Nevermined’s blockchain ecosystem ushers in a brighter future of smart energy.
To be a part of Nevermined’s AI-driven revolution, visit nevermined.io.
About Nevermined:
Nevermined is the leading provider of AI payment infrastructure for AI-to-AI transactions, enabling the rise of a new era of AI-Commerce. Founded by ex Co-Founder and VP of Engineering at Ocean Protocol, Don Gossen (CEO) and Aitor Argomaniz (CTO), Neverminedallows AI agents to discover, negotiate, and compensate each other in real-time, powering an economy of trillions of AI agents. By providing the essential payment rails and infrastructure for direct AI transactions, Nevermined is positioning itself as the leader in the emerging AI-Commerce space. Check out Nevermined here: https://nevermined.app/en
