• Latest
blockchain set to disrupt major utilities and create entirely new use cases

blockchain set to disrupt major utilities and create entirely new use cases

November 1, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Alt Coin

blockchain set to disrupt major utilities and create entirely new use cases

coinnewsdaily by coinnewsdaily
November 1, 2018
in Alt Coin
0
blockchain set to disrupt major utilities and create entirely new use cases
191
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022

The blockchain revolution promises to dramatically change how people live, yet much of the benefit will not be directly seen by the public. Institutions that provide products and services will soon become vastly more efficient as a result of distributed ledgers. Topping this list may be utility providers, most of which are developing plans to implement the technology into their systems.

Energy providers across the globe are presently taking a close look at how blockchain can impact their operations. Numerous pilot projects are in place, most of which involve electric companies and power plants using the technology to create better tracking systems and more efficient power grids. For example, blockchain can streamline the archaic system of energy trading. It can also play a role making power infrastructure more secure, and automate processes such as meter reading and plant production data.

In a larger sense, however, blockchain technology has the potential to overhaul the entire means by which electricity is produced and consumed. Notably, it can enable individuals to produce their own power via solar panels, and sell it to others across the grid infrastructure, independent of any utility. In fact, proof-of-concept microgrids have already been established across neighborhoods that demonstrate the ability to produce, store, and trade electricity securely and efficiently via blockchain.

Water utilities also are developing plans to implement blockchain. The fact that global water sources are under threat underscores the need to implement systems to better manage this limited resource. Distributed ledger systems are likely to play a key role in this regard. For example, they can far more effectively manage water rights and usage data. Blockchain has many uses in making agriculture more efficient, which will save water, and also reduce the use of fertilizers and pesticides. There are also use cases for municipal water systems that will reduce waste and improve wastewater treatment.

The continued movement toward urbanization presents a tremendous global challenge, and as with individual utility sectors, major cities are embracing blockchain to help with growing population challenges. Future cities are set to integrate the technology into a wide range of municipal services, creating so-called “smart cities” that will function far more efficiently. Taipei, for example, is working with the Iota Foundation to use the Iota Tangle for such projects as air quality monitoring, streamlined waste collection, and digital resident identification. Also, with the support of the European Union, dozens of European cities have smart city initiatives involving blockchain.

It is worth noting that many of these blockchain-based projects are well into the testing phase, and a number of them will be implemented by the end of next year. They are examples of how mainstream use of this revolutionary technology is very near. Also, they demonstrate the fact hat distributed ledger systems are far more significant than merely the adoption of cryptocurrency. They promise to revolutionize all aspects of modern life.

No doubt the implementation of blockchain platforms into utilities will be a trial and error process, and there will be both successes and failures. Nevertheless, blockchain technology is rapidly moving into the sector. It stands to change how critical services are delivered to billions across the globe. The process may presently be in its early stages, but the transition is clearly underway.

Tags: Alt CoinAltcoinblockchain technologymunicipal servicesTaipeiwastewater treatmentWater utilities
Share76Tweet48
Previous Post

Tether Produces Letter Vouching for Dollar Deposits, But Bank Hedges

Next Post

The Incoming Wave of ICO Regulation (Yes, It’s Coming)

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum
Alt Coin

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
things you should know before investing in nfts
Alt Coin

Things You Should Know Before Investing in NFTs

April 24, 2022
Load More
Next Post
The Incoming Wave of ICO Regulation (Yes, It’s Coming)

The Incoming Wave of ICO Regulation (Yes, It's Coming)

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$29,549.000.94%
  • ethereumEthereum(ETH)$1,954.87-0.59%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$326.380.96%
  • rippleXRP(XRP)$0.400318-0.83%
  • cardanoCardano(ADA)$0.51-0.51%
  • SolanaSolana(SOL)$48.08-2.72%
  • polkadotPolkadot(DOT)$10.032.01%
  • dogecoinDogecoin(DOGE)$0.083115-0.94%
  • tronTRON(TRX)$0.0814420.64%
  • Shiba InuShiba Inu(SHIB)$0.000012-1.06%
  • daiDai(DAI)$1.00-0.06%
  • litecoinLitecoin(LTC)$68.46-1.69%
  • CronosCronos(CRO)$0.184967-0.60%
  • leo-tokenLEO Token(LEO)$4.880.03%
  • matic-networkPolygon(MATIC)$0.64-0.51%
  • FTX TokenFTX Token(FTT)$29.31-0.33%
  • moneroMonero(XMR)$202.863.85%
  • bitcoin-cashBitcoin Cash(BCH)$192.350.48%
  • OKBOKB(OKB)$12.831.17%
  • chainlinkChainlink(LINK)$7.050.46%
  • stellarStellar(XLM)$0.1297680.97%
  • ethereum-classicEthereum Classic(ETC)$23.827.26%
  • cosmosCosmos Hub(ATOM)$10.76-1.75%
  • algorandAlgorand(ALGO)$0.403202-1.93%
  • vechainVeChain(VET)$0.030859-0.98%
  • ElrondElrond(EGLD)$87.91-2.99%
  • tezosTezos(XTZ)$2.04-1.41%
  • Internet ComputerInternet Computer(ICP)$7.70-0.32%
  • filecoinFilecoin(FIL)$8.19-1.46%
  • AaveAave(AAVE)$99.551.98%
  • eosEOS(EOS)$1.32-0.33%
  • theta-tokenTheta Network(THETA)$1.23-0.74%
  • zcashZcash(ZEC)$98.010.83%
  • makerMaker(MKR)$1,258.17-3.26%
  • huobi-tokenHuobi Token(HT)$7.010.35%
  • bitcoin-cash-svBitcoin SV(BSV)$52.061.83%
  • paxos-standardPax Dollar(USDP)$1.00-0.09%
  • iotaIOTA(MIOTA)$0.329668-0.33%
  • PancakeSwapPancakeSwap(CAKE)$4.78-0.82%
  • neoNEO(NEO)$11.534.96%
  • KusamaKusama(KSM)$81.542.05%
  • zilliqaZilliqa(ZIL)$0.050532-2.02%
  • dashDash(DASH)$62.010.94%
  • basic-attention-tokenBasic Attention Token(BAT)$0.382871-1.69%
  • havvenSynthetix Network Token(SNX)$2.57-1.11%
  • wavesWaves(WAVES)$5.48-2.80%
  • nemNEM(XEM)$0.051174-5.62%
  • CompoundCompound(COMP)$66.92-2.25%
  • qtumQtum(QTUM)$4.040.62%
  • bitcoin-goldBitcoin Gold(BTG)$23.62-9.76%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • omisegoOMG Network(OMG)$2.48-1.57%
  • ethlendAave [OLD](LEND)$4.103.48%
  • SushiSushi(SUSHI)$1.652.71%
  • yearn-financeyearn.finance(YFI)$8,885.44-1.79%
  • golemGolem(GLM)$0.251700-0.34%
  • ontologyOntology(ONT)$0.2852381.95%
  • umaUMA(UMA)$3.42-2.98%
  • digibyteDigiByte(DGB)$0.012011-1.39%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....