Accenture Smart Plug Leverages Bitcoin Technology To Reduce Electricity Costs
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....
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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....
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....
A new report from Accenture posits that large investment banks could cut operational costs by as much as $12bn annually by implementing blockchains in their business. Released today, the report (co-written with benchmarking consultancy McLagan) focuses on the kinds of cost savings investment banks could potentially achieve through use of the tech to streamline various office functions. Financial reporting expenses, for example, could fall by at least 70%, whereas compliance costs could drop between 30% and 50%, according to Accenture. Overall savings, the firm suggests, could be between....
Blockchain technology developer Digital Asset Holdings has revealed new ‘strategic business relationships’ with consulting and technology services firm Accenture, financial services firm Broadridge and one of the ‘Big Four’ in auditing and services network PricewaterhouseCoopers (PwC). In a press release today, New York-based blockchain technology startup Digital Asset has announced the formation of three “non-exclusive business relationships” with Accenture, Broadridge and PwC. The Blythe Masters-led startup will help the three firms harness the potential and promise of blockchain, the....
The Chamber of Digital Commerce gets three more high-profile member companies in the form of Accenture, CME Group, and TMX Group. The use of blockchain technology across various industry segments can’t be contested. The shared interest among companies to explore the use of cryptocurrency technology has led to the creation of the Chamber of Digital Commerce. It is currently the leading blockchain trade association which just became bigger following the inclusion of Accenture as one of the members. Other companies that gained entry into the Chamber of Digital Commerce alongside Accenture....