Treon brings cypto revolution to utility payment

Ololatide July 20 2018

In this article i will be writing about Treon who brings cypto revolution to utility payment. Treon is built for utility consumers and providers.

VISION AND MISSION

Treon aims to become the new “Utilities Money” to transact on and off utility networks. We envision a world where banked and unbanked consumers are equally enjoying the convenience and security of knowing and paying for what they used from minutes of voice calls, gigabytes of data, kilowatts of electricity, thermal units of natural gas, or gallons of potable water. All from one online and consolidated dashboard running on their smartphones and paying for such usage using the currency of their choice -- crypto or fiat - - by few simple clicks.

Treon is on its way to bring an incredible number of users into the crypto space by connecting billions of utility customers to the blockchain and crypto space. Our vision is to reach a time soon where customers around the world use Treon tokens as their preferred utility money that rewards them for simply paying their bills. A time when utility companies accept Treon tokens from customers because it is faster, more secure, and less costly to operate and use.

With Treon, we want to make your utility bill payment a convenient one-click experience – anytime, anywhere.

ADVANTAGE

The Treon wallet application allows consumers to manage and pay for their utilities usage.

Treon also enables the seamless settlement of intra-utility agreements amongst various providers.

Treon aims to be a strong catalyst for the digital transformation utilities both fronts: Business-to-Consumer and Business to-Business

Treon isn’t just about paying bills. Our platform also delivers a business-to-business model that allows for settlement of cross-trade agreements via the TXO Smart Contract protocol in a way that’s never been done before.

In the aspect of market opportunity over 5.0 billion people around the globe are advance mobile user, Treon (TXO) will use mobile phone as the bridge for customers to harness the power of block chain technology and cyptocurrency.

MARKET POTENTIAL

Opportunities in Telecom

Telecom utilities are more technologically advanced in offering consumer’s digital solutions to enhance their experience. Treon will target telecom companies first to be the early adopters of the TXO token and Digital wallet. According to GSMA, 2018 global telecom revenues from consumers are expected to be $1.05 Trillion, out of which $101 Billion are revenues from online channels, i.e., sale of top-up and recharges online

Opportunities in Electricity

In 2017, electric utilities generated around $2 Trillion of revenues, out of which $650 Billion came from household consumers (Business to consumer market). This will reach $800 Billion by 2023. Our vision is to capture an increasing share of digitizing payments for household consumption through Treon’s Utilities Wallet and TXO tokens that reach $1.2 Billion of transactions over Treon platform by 2023.

Oppotunities in Natural gas

Natural gas utilities generated $500 Billion in 2017 from consumer usage. Treon’s business-to-consumers vision is to have an increasing share of digitizing usage payments through its Utilities Wallet and TXO token. The total consumer market is expected to reach $656 Billion by 2023.

Oppotrunities in Water

Water utilities generated $140 Billion in 2017 from household consumption. Treon is determined to capture an increasing share of digitizing payments for usage through its Utility Wallet using TXO tokens.

BENEFITS TO CONSUMERS

1. Easy consolidated view & notifications

2. Inclusion of the Unbanked

3. Management of different utility accounts

4. Change and optimize consumption

5.Top-up and Payment

6.Rewards on payment - Loyalty Program

7. Smart Notifications

BENEFITS TO UTILITIES COMPANIES

1. Savings on transaction fees

2. Partnership Relationship Agreement

3. Industry Participation

4. Treon’s release Incentive Model

5. Educating consumers

6. Application support

7. Treon’s influence with impact

8. Incentivizing green and renewable energy usage

TOKEN SALES

Proceeds from the token sale event will be used to fund the Treon platform development, operations, legal establishment and marketing.

USE CASES & CUSTOMER JOURNEYS

Treon is addressing the following use cases of customers’ journeys:

1. Mobile usage top-up/recharge and bill payment

2. Landline and internet service usage bill payment

3. electricity bill payment and recharge of prepaid power

4. Green energy (solar or wind) usage payment and incentives (Green Credit)

5. Payment for water usage

6. Telecom interconnect and roaming settlement for utility companies

7. Energy and water cross-companies’ settlement for utility companies

ROADMAP

Product roadmap

Our to market strategy will prioritise countries with the highest population of unbanked mobile subscribers. Additionally, we prioritise technology rollout to utilities based on their readiness for digital transformation. Hence, we will start with telecom utilities followed by electricity, natural gas, and water companies.

April 2017 Ideation and market research

June 2017 Treon Business Model & Plan

August 2017 Technical architecture & high level design

December 2017 Prototype of Treon Utility Wallet App

February 2018 ICO preparation

May 2018 Pre ICO

June - December 2018 ICO

January 2019 Distribution of Treon tokens

Q1 2019 Enlist Treon token on cryptocurrency exchanges

Q1 2019 Treon Utility Wallet App Proof-Of-Concept with 1 telecom operator

Q2 2019 Release Treon Smart Contract Templates for Telecom

Q2 2019 On-board telecom utilities (early adopters) Interconnect and Roaming Agreements to Treon Smart Contracts on Blockchain

Q4 2019 Sign agreements and start integration with telecom Top-Up & Recharge resellers

Q1 2020 Sign agreements and start integration with online payment gateways

Q2 2020 Release Treon Smart Contract Templates for Electricity utilities

Q4 2020 On-board electricity utilities (early adopters) Power Purchase Agreements to Treon Smart Contracts on Blockchain

Q1 2021 Release Treon Smart Contract Templates for Natural Gas utilities

Q2 2021 On-board Natural Gas (early adopters) Power Purchase and Wheeling Agreements to Treon Smart Contracts on Blockchain

Q3 2021 Release Treon Smart Contract Templates for Water utilities

Q4 2021 On-board Water utilities (early adopters) Water Purchase and Wheeling Agreements to Treon Smart Contracts on Blockchain

Q1 2022 Sign and rollout Treon Direct Reseller Agreements with telecom utilities

Q3 2022 Sign and rollout Treon Direct Reseller Agreements with Natural Gas utilities Q4 2022 Sign and rollout Treon Direct Reseller Agreements with Water utilities

Q1 2023 Start global on-boarding of utilities to Treon Blockchain Smart Contracts and Utility Wallet App