Blockchain-Powered Smart Plug Could Save Electric Costs
Accenture has been going big on blockchain technology. In a report from the publication BBC News, the leading global consulting agency believes the protocol could help people cut electricity costs with a smart plug. With the consulting firm headstrong about this emerging tech the company continues to bolster its use cases. The multinational management consulting services company Accenture PLC has researched and developed a smart plug prototype. The plug helps users save money on their electric bill by using smart contract technology to find cheaper tariffs. The head of Accenture’s French....
Related News
Multinational services and consultancy firm Accenture has developed a smartplug that leverages blockchain technology to seek the lowest tariffs available, thereby saving money by lowering electricity costs wherever possible. In a news story under its ‘Technology column’ today, the BBC published an article announcing Accenture’s development of a smart plug that could save money on electricity costs. The BBC article screamed the headline “Bitcoin Could Help Cut Power Bills.” One to stir interest for sure, while a closer look at the news story sees the ‘smart plug’ powered by a smart....
Assuming the Accenture smart plug would become a real product at some point, there are plenty of advantages for consumers. Removing the need to depend on one supplier or ecosystem is a major step forward towards achieving true decentralization of smart energy grids. Bitcoin can be used for various purposes, and mainstream media has been paying little attention to several advantages the digital currency brings to the table. A recent article on the BBC website talks about how Bitcoin can help cut electricity bills, as suggested by a new research report. This sounds quite odd, considering how....
Energy Web plans to use blockchain technology to help ensure an efficient future for Volkswagen’s electric vehicles. Automobile makers everywhere are betting big on electric vehicles as the world begins to push for environmentally friendly modes of transportation. For example, while fewer than 1% of cars on the roads in the United States today are electric, a number of automobile manufacturers are aiming to change this by stopping sales of gasoline-powered cars. At the end of January 2021, General Motors said it would stop selling gas-powered cars and trucks by 2035. In addition,....
Qiwi, a Russian payment system operator and one of the country’s most active cryptocurrency players, will launch a test to track energy transactions using blockchain technology in partnership with Tavrida Electric, one of the world’s leading suppliers of circuit breakers and a global energy smart grid supplier. Each Tavrida Electric transaction will be recorded on the blockchain, according to Moscow-based Rambler News Service. The transactions will be visible to regulatory agencies and other energy companies on the blockchain. Qiwi said it could extend the project to other energy....
After a steep contraction resulting from the COVID-19 pandemic, sub-Saharan economies are expanding, leading to a boom in the logistics sector as the need for transportation rises. However, more than half of active vehicles in the region are inefficient 2-stroke petrol-powered motorcycles, primarily used in taxi and delivery services that drive hundreds of kilometers per day. The fuel they burn is costly for drivers and produces large quantities of toxic CO2 and fine particulate emissions. Recognizing the need for cheaper and more efficient transportation solutions, Bob Eco Ltd., a....