The World’s Top Energy Companies Look to Blockchain to ‘Fuse the Physical With the Virtual’

By [email protected] Earlier this month Shell, Statoil, Tepco, Centrica and a half-dozen other energy companies joined the Energy Web Foundation, an alliance devoted to bringing blockchain to the grid.

The companies donated $2.5 million to the organization.

The foundation was set up in February this year as a collaboration between Rocky Mountain Institute (RMI) and Australian blockchain developer Grid Singularity to “accelerate the commercial deployment of blockchain technology in the energy sector.”

The companies and organizations involved think blockchain will be a game-changer for energy, and are working together to provide the frameworks and standards to help ensure that outcome.

Jesse Morris, principal for electricity and

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 2 times, 1 visits today)



© 2014 RenewaNews