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According to Reena Suri, executive director of ISGF, households will be able to set prices, track energy trades and settle surplus solar energy transactions in real time through smart contracts executed on a blockchain. That's made possible by smart meter systems integrated with Power Ledger’s platform. Source
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Last week, the World Economic Forum teamed up with seven major mining and metals firms to develop responsible sourcing and sustainability practices using blockchain.Specifically, the “Mining and Metals Blockchain Initiative” will include building an inclusive blockchain platform, which will ostensibly help to increase “transparency, efficiency or improve reporting of
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BiboxEurope recently announced a new program to provide fiat trading capabilities for quality blockchain projects across the world. Now, the Swiss-based digital asset platform has selected the very first project in the form of Ontology to be listed under this initiative.According to BiboxEurope announcement, the listing of Ontology’s token –
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The South Korean government is planning to establish a digital trade foundation to reduce the costs of trade by using blockchain technology.Reduce trade costs by more than 90%On Oct. 14, South Korean Finance Minister Hong Nam-ki introduced the country’s Development Plan for Digital Trade. Under the plan, technologies such
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Lucas Geiger, the co-founder of blockchain startup called Wireline, announced that companies and organizations can create their own versions of crypto projects based on Facebook’s cryptocurrency Libra, called OpenLibra.The announcement was made at the Ethereum developer conference Devcon where Geiger claimed that OpenLibra would work as a stablecoin to the
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One of America’s biggest banking companies, Wells Fargo, announced on Tuesday that it plans to enter the crypto world after all. Like JPMorgan, Wells Fargo is looking to create its own native digital coin that would function just like any other digital asset out there.Only in this case, the financial
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As part of the UBI initiative to weather the onslaught of automation, Tron’s Justin Sun give $1000 to 100 people every month from next year totaling $1.2 million in one year.Justin Sun, the founder and CEO of the Tron Foundation, has pledged his support for Andrew Yang’s initiative of universal
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Cryptocurrency trading platform Coinbase has launched the new USDC Bootstrap Fund aimed at the improvement of Decentralized Finance (DeFi).As the company announced on Sept. 10, Coinbase set up the USDC Bootstrap Fund to support developers who build DeFi protocols by investing USD Coin (USDC) directly in the protocol. Coinbase
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Cryptocurrency exchange Binance has announced that it’s launching a project that will develop cryptocurrencies and digital assets pegged to fiat currencies around the world. Dubbed Venus, the “localized” stablecoin initiative will see the firm utilize its existing infrastructure, such
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South Korea’s “Bit-Island” Jeju announced the Blockchain Hub City Development Research Service on Aug. 13.An island with blockchain ambitionsLocal news outlet JejuDomin reported on Aug. 14 that Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. Furthermore, the author of the report stated that cloud services
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