A Majority of the German Energy Industry is Interested in Blockchain Tech

A Majority of the German Energy Industry is Interested in Blockchain Tech

A new survey has found that the energy sector in Germany may soon be adopting the blockchain technology with many energy companies outlining a road map for the implementation of the technology in the future, according to the German news site, Contra Magazin. The survey, undertaken by Deutsche Energie-Agentur (German Energy Agency) and ESMT Berlin, looked at the responses from 70 executives serving firms in the energy sector. The results found that 39 percent indicated that their companies have plans in the future to implement the technology. While another 13 percent stated that they....


Related News

Swiss Bank & German Energy Company Partner to Deliver Blockchain Wallets for Cars

Swiss banking giant UBS bank has partnered with German energy company Innogy and automobile manufacturing company ZF to provide a blockchain-backed Car eWallet that enables charging of electric cars. Due to be showcased at CES in Las Vegas, the Car eWallet can also be used for other payment related services such as parking fees, car sharing or road tolls by paying on-the-go, reports the International Business Times. In a UBS statement, it said: With the Internet of Things we will see in the future more and more devices enabled to autonomously pay for services. For UBS it is important....

Energy Sector is Touched by Blockchain Technology

The energy sector may soon be looking at widespread implementation of blockchain technology, indicates a survey conducted by Deutsche Energie- Agentur and ESMT Berlin. Bitcoin’s underlying blockchain technology is making inroads into every industry sector possible. The energy sector is one such industry which may soon see a widespread adoption. According to reports, a survey conducted by the Deutsche Energie- Agentur (German Energy Agency) and ESMT Berlin has indicated that many energy companies already have a blockchain technology roadmap in place for future implementation.....

ASICRising new Chip Halves Bitcoin Mining Energy

ASICRising, a German start-up is trying to find investors to produce a new high-performance microchip that it says would make bitcoin mining much cheaper and energy efficient. The process of mining is becoming increasingly expensive. While mining requires enormous amounts of energy to feed the computing power and cooling systems needed to get the hashing done, ASICRising happily says it has found a solution to this problem: an energy-efficient, low-voltage chip that together with specific software will reduce by more than half the energy needed to mine bitcoin.

Spanish Electricity Giant Endesa is Harnessing Blockchain Tech

Major Spanish energy company Endesa has revealed plans to open a blockchain laboratory in an effort to encourage development of blockchain-based solutions for the energy industry. Endesa, the largest power utility in Spain, has joined the growing number of companies across various industries looking to leverage blockchain technology for industry-specific applications. The electricity provider, through its open collaborative platform Endesa Energy Challenges, has issued an open call for applications from any interested participant looking to develop distributed ledger solutions, to become....

MasterCard Exec Talks Cautious Approach to Blockchain Tech

A MasterCard executive has said that while the firm is "very, very interested" in blockchain technology, it will take a cautious approach to its experimentation with the tech while it believes it is still developing. Speaking to Business Insider at the World Economic Forum in Davos, MasterCard CIO Garry Lyons outlined the steps the major global credit card network has so far taken to explore the industry. Lyons said: "Like the rest of the world, we’re interested in seeing where blockchain technology goes." The comments come at a time when thought leaders in the....