Heating technology company Saiterm is introducing a blockchain platform to reduce electric bills using its infrared heating technology. The Amsterdam-based company stated that its ultimate goal is to reduce internal energy consumption and carbon dioxide emissions by using distributed ledger technology.
In a statement sent to CryptovestSaiterm's founder and CEO, Salvatore Morale, said he will use the company's SAIEX currency, built on the Blockchain to finance the development of the "Spring" heating device, which it claims is effective in reducing energy consumption to national and industrial level.
This article appeared for the first time on Cryptovest
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