Energy - Tag Archives - Cryptonews (Page 4)

Henry Ford’s Energy Standard: A 100-Year Old Bitcoin Prediction

On December 4, 1921, The New York Tribune published a story detailing a plan by inventor Henry Ford, founder of the Ford Motor Company, to replace the existing gold-backed currency system into one based on an “energy currency.” Henry Ford. Source: Wikipedia.orgThis article delves into...

, by Alex Lielacher

6 Most Common Misconceptions About Bitcoin Picked by Lyn Alden

Bitcoin (BTC) is a bubble, too volatile, and has no value - are some of the most common misconceptions popular generalist investor and Swan Bitcoin, a BTC investing app, advisor, Lyn Alden, said she has noticed so far. Lyn Alden. Source: a video screenshot, Youtube/Preston Pysh, edited by...

, by Sead Fadilpašić

Japanese Power Firm, Crypto Exchange Claim Digital Token Pilot Success

Japan’s Kansai Electric Power and crypto exchange DeCurret said that a recent “digital token”-powered, blockchain-based payment pilot was a success – and could be used for settlements in peer-to-peer (P2P) electricity transactions.Source:...

, by Tim Alper

Blockchain the Answer for Power Provider as China Energy Demand Soars

With summer temperatures climbing and production rising in the wake of the coronavirus pandemic, power providers in Dongguan, an industrial city in the Chinese province of Guangdong, said they have experienced a massive surge in demand – and are responding with a blockchain-powered...

, by Tim Alper

Chinese Power Giant & World’s 5th Biggest Company in Blockchain Dive

The State Grid Corporation of China (SGCC), the largest utility company in the world, says it will launch a blockchain “lab” – in a bid to adopt blockchain technology to its business workings and internal operations.Source: Adobe/piter2121The SGCC is headquartered in Beijing, has...

, by Tim Alper

South Korean Public Power Firm Takes Blockchain Plunge

South Korean energy provider the Korea Electric Power Exchange (KPX) has become the first public institution in the country to adopt a blockchain-based proposal evaluation system.Source: Adobe/Travel manPer a report from Energy Daily, KPX will now use a Hyperledger Fabric-based solution to weigh up...

, by Tim Alper

Non-Monetary Bitcoin Use Cases: Virtual Power Plants & Digital Identities

Bitcoin (BTC) is proving to be not only a monetary technology, as entrepreneurs find new applications in an increasing number of areas. This week, Brandon Arvanaghi, Layer1 Technologies Chief Security Officer (CSO), explained how Bitcoin is used to stabilize electrical grids that heavily rely on...

, by Eimantas Žemaitis

Shell, Exxon and More Complete ‘Successful’ Blockchain Pilot

Major oil and gas companies could be set to do away with conventional payments systems in favor of blockchain-powered solutions – after a 10-company consortium including energy giants such as Royal Dutch Shell and Exxon successfully piloted oilfield water-handling payments at an American...

, by Tim Alper

Europe’s Biggest Nuclear Station Might Give Electricity to Bitcoin Miners

Ukraine’s plan to offset the financial chaos of the coronavirus pandemic might involve nuclear-powered cryptocurrency mining, says its energy ministry.Cooling towers at Zaporizhzhia Nuclear Power Station. Source: npp.zp.uaYesterday, the country’s Ministry of Energy and Environmental...

, by Tim Alper

Hairdryers and Kettles as Blockchain-Based Provocations

There is a problem when we make decisions without people's awareness. There's a problem with trust, there's a problem of insecurity. More domestic appliances trading energy can be expected, because that would be technically possible and probably useful.Source: a video screenshot, Youtube, EU...

, by Sead Fadilpašić

How Blockchain Could Help Rural South Africa Turn Sunshine Into Income

Solar has lit up remote communities. The next step is to link these communities to an energy market. Shutterstock The way energy is produced and distributed is changing rapidly as the industry moves away from carbon-based energy production. Technological...

, by Thomas Wolfgang Thurner

Another Major Conglomerate Moves into Blockchain, Crypto Spheres

Another South Korean conglomerate has announced it will enter the blockchain and cryptocurrency arena. The Kolon Group, a multi-billion dollar, family-owned chaebol business group with subsidiaries that deal in auto parts, fashion, construction, healthcare, chemicals and textiles, has announced...

, by Tim Alper

Why Bitcoin’s Energy Consumption May Be a Price Worth Paying

Shutterstock Bitcoin recently turned ten years old. In that time, it has proved revolutionary because it ignores the need for modern money’s institutions to verify payments. Instead, Bitcoin relies on cryptographic techniques to prove identity and authenticity.However, the price to pay for...

, by Steven Huckle

Hot or Not: Scientists Clash Over Mining Impact on Global Warming

If we are to believe recent headlines, bitcoin may single handedly be responsible for pushing global warming beyond 2 degrees Celsius and ruin the environment for future generations. Source: iStock/Ekaterina_Simonova“Bitcoin may cause catastrophic climate change by 2033,” The Telegraph...

, by Fredrik Vold

Giant Telco Sheds Light On Its Blockchain Platform

South Korean telecoms giant KT has unveiled details of its highly anticipated blockchain platform. The company says it is the “world’s first to apply blockchain technology to a commercial network,” and will be capable of handling 100,000 transactions per second by 2019.Source:...

, by Tim Alper

Meet 6 Blockchain Tech Pioneers, Selected by The World Economic Forum

The World Economic Forum recently announced its annual list of Technology Pioneers, and it boasts a total of six blockchain and/or cryptocurrency related projects, making up 10% of a total of 61 projects. Let’s take a look at the six companies recognized for their design, development and...

, by Sead Fadilpašić

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