Tag Archives: Utility

GlobalData: Blockchain is the missing link to transform the electrical industry | Utility

[ad_2][ad_1] The highly regulated electricity sector needs enabling factors to move away from traditional business models with complex operating structures. Blockchain technology is such that it creates a paradigm shift in the industry towards a more decentralized and transactional environment, according to GlobalData. The key challenges facing electricity utilities today …

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How DApps can save Blockchain with Utility

[ad_2][ad_1] What are decentralized applications, [DApps]? Decentralized applications applications or programs run on a Peer-to-Peer computer network rather than on a single computer with reliable protocols. They are a type of software program designed to exist on the Internet in a controlled manner by a single entity and avoid any …

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Electric utility braced for a heavy load

[ad_1] In terms of energy consumption, cryptocurrency mining, like some other blockchain processes, is the dropper of the two industries. "The mining industry (world) bitcoin used more energy than the country of Ireland at some point – and it was several months ago," said David Croft, a member of the …

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