Ford to pursue blockchain pilot for cleaner air in city centres

Ford has extended its European plug-in hybrid electric vehicle (PHEV) trial to the German city of Cologne – including exploring geofencing and blockchain technology to help track ‘green miles.’

The automotive firm, which is also testing its PHEVs on the streets of London and Valencia, is working in coordination with five municipal fleets in Cologne, nine Transit Custom Plug-In Hybrid vans, and one Tourneo Custom Plug-In Hybrid people mover. Ford will also find how...

Bye bye block word: Blockchain Power Trust changes name again to renew focus on renewables

Here’s more proof that having the word blockchain in your company name may not equate to long-term success. Blockchain Power Trust, a provider of renewable energy offerings, has announced plans to change its name to Jade Power Trust in order to ‘better align’ with its core strategy.

The reason for the change is more practical than anything else: the company stopped mining cryptocurrency in October 2018 and has no plans to restart its operations. As of today (October 4), the...

Oil and gas consortium to start blockchain testing to automate payments

The Texas-based OOC Oil & Gas Blockchain Consortium, consisting major players like Chevron Corp, ConocoPhillips, Exxon Mobil Corp, Equinor, and Royal Dutch Shell, will soon start testing the blockchain technology to lowering administrative costs in their field operations, along with reducing payment disputes and risk of fraud.

For this purpose, as initially reported by Reuters, the Group has given a contract to Houston-based software company Data Gumbo to pilot blockchain for...

John Clippinger: On sustainable energy through blockchain and self-organising systems

In 2014, From Bitcoin to Burning Man and Beyond explored the re-invention of money and a utopian vision of a self-governing, self-editing and self-learning society. John Clippinger, who co-edited the book, wrote one chapter on the importance of self-sovereignty.

“Through the use of data asset exchanges where individuals and groups could make markets using their data assets, a new business model for web content and services would be possible,” Clippinger (left) wrote....

BBVA and Siemens join blockchain platforms to promote the technology in banking and energy sectors

The European Commission (EC) has organised a blockchain forum in Brussels and BBVA is one of the one of the first five banks to be invited to join the forum’s launch of the International Association for Trusted Blockchain Applications (IATBA), a European platform to promote the use of blockchain. In order to not miss out on the trend, the EC has called representatives from public institutions, governments, and the private sector in the conference ‘Uniting EU Industries to lead blockchain...

Chinese university creates blockchain exchange for trading surplus energy

A blockchain-based exchange for trading unused electricity is being developed by researchers from China’s Fudan University, according to a patent filing revealed on Friday. Operating much like a cryptocurrency exchange, the filing describes a network where sellers of power and buyers would be assigned as nodes, allowing for the secure trading of unused electricity without the need for a third-party. Individuals using the network could request purchases or sales based on factors such...

Greener crypto? The case for environmentalism in the crypto space

For a technology founded on what many would call blue sky thinking, there is one very notable area where crypto has a clear and dubious impact. The extent of the environmental impact of cryptocurrencies is something that has only recently come to light – with it recently being revealed that the mining of Bitcoin will account for 0.5% of the world’s energy consumption by the end of 2018. This startling revelation does not even consider the impact of the plethora of other altcoins, the mining...

How DeepBrain Chain is democratising AI computer power with blockchain

If you didn’t already know it, the vast amounts of data input needed for successful AI (artificial intelligence) currently requires huge amounts of computing power. That means it’s expensive, and has generally been accessible only to large centralised enterprises with the funds and investors to foot the bills. Between 2012 to 2016, there was an increase of 5154 AI startups globally while net investments in the technology across the globe totalled over $100 billion (£76 billion). At...

Nordcoin wants to solve the crypto-mining energy crisis with shipping containers

Estimated to swallow up the same amount of power per year as Switzerland and on course to consume 0.5% of the world’s electricity by the end of the year (and that’s just the Bitcoin network), the mammoth amounts of power required to run blockchain ‘proof of work’ algorithms remains a crucial blocker for the technology’s adoption. Aside from the eye-watering costs associated, there’s also the environmental impact to consider. Again, focusing on Bitcoin alone, the 42TWh of...

Bitcoin network could use 0.5% of the world’s energy by the end of the year

Recent research has suggested that the Bitcoin network's global activity could account for approximately 2.55 gigawatts - almost as much power as the entire nation of Ireland. The study, authored by PwC blockchain specialist Alex de Vries, assumes that the entire network is using the most efficient mining hardware available - so the actual number could be much higher. de Vries suggests that the Bitcoin networks's total energy usage may reach 7.7 gigawatts by the end of the year, nearly as...