Australian Blockchain project Power Ledger has won the 2018 Extreme Tech Challenge

The event – held on the Billionaire’s private island – is the world’s largest start-up competition and gives winners enormous opportunities for success.

“To say we are thrilled to be crowned winners … is an understatement,” Power Ledger said in a Medium post.

“Winning this competition provides us with unprecedented access to key investors, high profile serial entrepreneurs, and innovators and mentors who can help us scale — including Sir Richard Branson himself!”

“We’d like to thank the judges for sharing our vision in reimagining our energy future as well as our dedicated community, whose unwavering support has helped us stay focused on the important work in front of us.

“This experience has already been one that money can’t buy, and team Power Ledger is ready to take this important milestone, pair it with hard work and dedication, and deliver on our goal of democratising power.”

On the XTC website, Branson says the event hunts “for people and ideas that can literally change the world!”

Power Ledger, a peer-to-peer energy-trading platform, is based in Perth, Australia. It was officially formed in May of 2016 and conducted Australia’s first Initial Coin Offering (ICO) in October of 2017.

The Power Ledger token (POWR) can be used to buy SPARKX tokens, which are used to buy and sell energy on the platform.

There are other exciting plans, which would also see POWR used to invest in energy creating assets, such as wind farms, batteries, solar panels and charging stations.

The Managing Director and Co-founder, David Martin, continues to travel the world working hard to promote the company and its products.

Mr Martin built a strong reputation over his 20 years in the electricity industry and his credibility has never come into question.

Dr Jemma Green, Co-founder and Chair, is considered a leading authority in the Blockchain space and brings more than 15 years experience in finance and risk advisory. Dr Green worked in investment banking in London for 11 years and has served the City of Perth as both a councillor and Acting Lord Mayor.

Earlier in 2017, Dr Green was named Australia’s most influential blockchain Pioneer in an article by micky.com.au.

WE DID IT!! We are so excited to have just been named winners of #XTC2018Finals. Congratulations to the other two finalists, and thank you to the judges! https://t.co/ZOp1ax7lm6 — Power Ledger (@PowerLedger_io) October 20, 2018

WINNER!!! ????????A huge congratulations to @PowerLedger_io the official winners of the #XTC2018Finals! Thank you to all who entered! What a year it’s been and of course, HUGE thanks to @NeckerIsland for hosting the final! pic.twitter.com/fiYRVUohe6 — ExtremeTechChallenge (@ExTechChallenge) October 20, 2018