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Austria's capital is just becoming an European blockchain hotspot. Now the power supplier "Wien Energie" tests the new technology in the urban development area "Viertel Zwei" in Wien-Leopoldstadt. Energy flat (and other) rates and online services will be tested. In cooperation with the company "Riddle & Code", the use of the Blockchain will also be examined - it will be determined which business models and services could finally be created for the customer. The blockchain allows a more precise management of power consumption, because a precise household profile can be created which shows what devices unnecessarily consume electricity at a certain time. This shows an enormous saving potential for the customer as well as the possibility for the producer for a more precise plan of the power supply than ever before. In addition, a kind of symbiosis between electricity producer and consumer could be established because for example if public charging stations are overused, private stations could be used in addition to recharge e-vehicles if customers would have a certain agreement with “Wien-Energie”. Also, the charging can be automatically postponed to a time at which the electricity is cheaper for the customer. Particularly interesting for Austria - the Blockchain technology guarantees supply of green energy without nuclear power.

 

The Blockchain attracts more and more "steak holders" from business enterprises and the finance sector and also becomes more interesting for investors. We already mentioned the activities of "Raiffeisen Bank International" on our Crypto Future blog – but also shipping companies and high politics now show interest in the great possibilities of the decentralized network.

Meanwhile also the petrochemical industry recognizes the blockchain. Shell the international oil giant with headquarters in London, has invested an indefinite amount in the London based startup "Applied Blockchain" (photo: Marcus de Wilde from A.B. with Crypto Future CEO Tomislav Matic) via its investment arm “Shell Trading International”. Founded in 2015, the company develops blockchain applications focused on distributed ledgers and smart contracts for its customers. The start-up should help the energy giants to adapt the new technology to their own business. "Applied Blockchain" currently has clients in the banking and telecommunications sector as well as automotive industry and -suppliers and the aerospace industry. But there are also many possibilities in the energy sector - so Shell, BP and Statoil are working on their own blockchain-based trading platforms.

For example, Austrian company "Wien Energie" has already launched its first successful blockchain projects and carried out a gas trade with the blockchain.

 

It sounds as simple as ingenious - but with the help of the Ether Blockchain it might soon be possible to put an end to the worldwide malnutrition problem. The so-called "Smart Farming 2.0" - the intelligent farm of the future, should have a "comprehensive learning ability" to ensure higher productivity and efficiency in food production. The farm independently controls the correct temperature, humidity, solar radiation, carbon dioxide and irrigation of a plant breeding system using IoT technology, sensors and analysis software with a networked environment. Smart Farming is designed to provide proactive predictions, real-time response and situation-specific simulation around the clock. The new decentralized platform based on Blockchain technology would also eliminate the need for costly middlemen. The purpose of the food blockchain is to store the origin of the product, its producers, region and business movements, thus making it possible to reward producers with greater transparency and traceable, verified information for the consumers.

In addition, the project is currently researches and develops plant-based meat in Asian cuisine to tackle the issue of meat shortage. The AgriTech & Food Science Project identifies itself as the world's first decentralized initiative based on Ethereum Blockchain and Smart Contracts.

 

 

Crypto Future GmbH
DC Tower, 28th floor,
Donau-City-Street 7
1220 Vienna, Austria

  • Phone: +43 1 376 50 50
  • E-Mail: office(at)cryptofuture.com

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