Blockchain-based Ledger By UK Energy Suppliers Could Prevent Late Fees for Customers

Blockchain-based Ledger By UK Energy Suppliers Could Prevent Late Fees for Customers

Some services in life are already automated, but there are still a ton of improvements to be made. Energy suppliers in the UK, for example, will now automatically switch customers to more expensive plans. The era of “fixed” fuel rates is coming to an end, which will affect tens of thousands of UK households over the next few weeks. However, if the customer fails to switch over themselves, they will pay an additional £186 fee. Instead of focusing on the systems that really need to be automated, energy suppliers in the UK are taking the wrong approach, with the sole goal of lining up their....

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With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.

Satoshi Nakamoto, Bitcoin Developer