Blockchain Smart Plug Could Lower Power Bills
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....
Related News
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....
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....
Part of this article appears in Issue 20. In his pocket, Joe has an old leather wallet. It contains enough banknotes to buy him a brand new wallet of a better model he saw in a magazine. This buying power is exclusive to him, who alone can use those bills to buy something. Likewise, if he transfers them to another person, then instead of him, only this other person will own their buying power. However, although Joe's transferring away his banknotes can always transfer along their control, it could never transfer along their whole property, which is not only his. The bills, as possibly....
Storied Silicon Valley accelerator Plug and Play recently revealed its biggest batch of blockchain startups yet. As part of its fourth FinTech class, Plug and Play selected eight blockchain startups, and while the number alone is impressive, two things stand out about its new entrants. The first is a renewed focus on the bitcoin blockchain, and the second is the maturity of the companies, which include recognizable names with market-tested products. But based on conversations with multiple participants, these ambitious founders are looking for more than mentorships. If all goes according....
It seemed with the ability to earn Bitcoin through selfies, buy bitcoin through a well designed exchange, and the ability toremit to the Philippines using bitcoin, Miguel had it pretty good over at Satoshi Citadel Industries, or SCI. Today I talked to them about Bills.Ninja, a service that allows people to pay for bills in the Philippines using Bitcoin. All bills are promised to be paid with in 24 hours, and only a PhP 30 fee per bill is required. Bills Ninja is a bills payment service that we have established in the Philippines for people who want to pay their bills with bitcoin without....