Could a blockchain-based electricity network change the energy market?

Could a #blockchain-based electricity network change the energy market?

  • The intense data processing required by blockchain pulls in an extraordinary amount of electricity, and widespread use of it would drag global energy markets into the abyss – and bring the world’s carbon emissions budget down with it.
  • They range from the big, such as the 10 major utility companies joining the Energy Web Foundation’s efforts to identify and roll out blockchain energy solutions, to the small, such as US startup LO3 Energy’s launch of a blockchain-enabled green energy microgrid in Brooklyn later this year.
  • Similar to LO3 Energy’s offering is that of Australian company Power Ledger, which has developed a peer-to-peer energy trading model that works around utilities companies using blockchain in much the same way that bitcoin traders dance past the banks.
  • By making rooftop solar even more economical and maximising use of the power it generates, Martin hopes blockchain-enabled peer-to-peer energy trading will help lower carbon emissions while raising energy capacity.
  • In Australia, Power Ledger also predicts legislative changes will be needed to pave the way for blockchain, or any kind of peer-to-peer energy trading for that matter.

Blockchain-enabled energy trading could help lower carbon emissions but efficiency and privacy issues must first be overcome
Continue reading “Could a blockchain-based electricity network change the energy market?”

Could a blockchain-based electricity network change the energy market?

Could a blockchain-based electricity network change the energy market?

  • The intense data processing required by blockchain pulls in an extraordinary amount of electricity, and widespread use of it would drag global energy markets into the abyss – and bring the world’s carbon emissions budget down with it.
  • They range from the big, such as the 10 major utility companies joining the Energy Web Foundation’s efforts to identify and roll out blockchain energy solutions, to the small, such as US startup LO3 Energy’s launch of a blockchain-enabled green energy microgrid in Brooklyn later this year.
  • Similar to LO3 Energy’s offering is that of Australian company Power Ledger, which has developed a peer-to-peer energy trading model that works around utilities companies using blockchain in much the same way that bitcoin traders dance past the banks.
  • By making rooftop solar even more economical and maximising use of the power it generates, Martin hopes blockchain-enabled peer-to-peer energy trading will help lower carbon emissions while raising energy capacity.
  • In Australia, Power Ledger also predicts legislative changes will be needed to pave the way for blockchain, or any kind of peer-to-peer energy trading for that matter.

Blockchain-enabled energy trading could help lower carbon emissions but efficiency and privacy issues must first be overcome
Continue reading “Could a blockchain-based electricity network change the energy market?”

Blockchain technology trialled to tackle slavery in the fishing industry

  • Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
  • The pilot shows that complex, global supply chains can be made transparent by using blockchain technology.”
  • With the seafood industry notorious for human rights abuses and illegal fishing, campaigners hope the technology, piloted by a UK-based company Provenance , could help retailers, manufacturers and restaurants prove the origins of their fish.
  • Smartphones could be used to scan fish products used in the trial to access information on their origins and journey to the supermarket shelf.
  • Blockchain technology trialled to tackle slavery in the fishing industry

Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
Continue reading “Blockchain technology trialled to tackle slavery in the fishing industry”

Blockchain technology trialled to tackle slavery in the fishing industry

  • Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
  • The pilot shows that complex, global supply chains can be made transparent by using blockchain technology.”
  • With the seafood industry notorious for human rights abuses and illegal fishing, campaigners hope the technology, piloted by a UK-based company Provenance , could help retailers, manufacturers and restaurants prove the origins of their fish.
  • Smartphones could be used to scan fish products used in the trial to access information on their origins and journey to the supermarket shelf.
  • Blockchain technology trialled to tackle slavery in the fishing industry

Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
Continue reading “Blockchain technology trialled to tackle slavery in the fishing industry”

Blockchain technology trialled to tackle slavery in the fishing industry

  • Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
  • The pilot shows that complex, global supply chains can be made transparent by using blockchain technology.”
  • With the seafood industry notorious for human rights abuses and illegal fishing, campaigners hope the technology, piloted by a UK-based company Provenance , could help retailers, manufacturers and restaurants prove the origins of their fish.
  • Smartphones could be used to scan fish products used in the trial to access information on their origins and journey to the supermarket shelf.
  • Blockchain technology trialled to tackle slavery in the fishing industry

Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
Continue reading “Blockchain technology trialled to tackle slavery in the fishing industry”

Blockchain technology trialled to tackle slavery in the fishing industry

  • Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
  • The pilot shows that complex, global supply chains can be made transparent by using blockchain technology.”
  • With the seafood industry notorious for human rights abuses and illegal fishing, campaigners hope the technology, piloted by a UK-based company Provenance , could help retailers, manufacturers and restaurants prove the origins of their fish.
  • Smartphones could be used to scan fish products used in the trial to access information on their origins and journey to the supermarket shelf.
  • Blockchain technology trialled to tackle slavery in the fishing industry

Technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses
Continue reading “Blockchain technology trialled to tackle slavery in the fishing industry”

Artificial intelligence the next ‘big bet’ for online retailers, say bosses

  • “When I was a student I would have dreamed of that,” Mr Blair said.
  • Artificial intelligence the next ‘big bet’ for online retailers, say bosses
  • The consumer would then input a code to remove their food from the drone, which Mr Blair described as having a “rectangular R2D2 face”.
  • Both Mr Baldock and Mr Blair affirmed that all their online growth was now coming from mobile: Just Eat, for example, currently takes 80pc of its orders on mobile devices.
  • Facing threats from Deliveroo and Uber Eats, Mr Blair said that unlike his competitors, Just Eat’s restaurants employ their own drivers, and so avoid the legal issues that have plagued rivals.

Artificial intelligence is the key to the future of online retail, business bosses have said, providing a crucial way to help shoppers find what they want.
Continue reading “Artificial intelligence the next ‘big bet’ for online retailers, say bosses”