• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Ripple price analysis XRPUSD grinds towards $0.50 resistance

    Ripple price analysis: XRP/USD grinds towards $0.50 resistance

    Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

    Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

    Polkadot price

    Polkadot price prediction: DOT to fall to $28

    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    chainlink(LINK)

    Chainlink Price Prediction: Chainlink Price battles $28 and $30 supports

    Dogecoin Price Prediction

    Dogecoin Price Prediction: DOGE in for 15% price upsurge, to conquer $0.053 level

    Litecoin’s Price stuck within selling pressure zone

    Litecoin Price Prediction: Litecoin’s price stuck at selling pressure near $180 support

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

    Ripple price analysis XRPUSD grinds towards $0.50 resistance

    Ripple price analysis: XRP/USD grinds towards $0.50 resistance

    Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

    Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

    Polkadot price

    Polkadot price prediction: DOT to fall to $28

    XRP

    XRP will exist forever – Brad Garlinghouse

    Uniswap price prediction

    Uniswap price prediction: Uniswap breaks $33, sets a new all-time high

    chainlink(LINK)

    Chainlink Price Prediction: Chainlink Price battles $28 and $30 supports

    Dogecoin Price Prediction

    Dogecoin Price Prediction: DOGE in for 15% price upsurge, to conquer $0.053 level

    Litecoin’s Price stuck within selling pressure zone

    Litecoin Price Prediction: Litecoin’s price stuck at selling pressure near $180 support

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Blockchain News

Siemens is launching blockchain electricity trading platform in Germany

Ibiam Wayas by Ibiam Wayas
October 26, 2020
in Blockchain News
2 min read
German housing company issues $24M digital bond on Stellar blockchain
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Germany is getting its first blockchain electricity trading platform.
  • The platform is being developed by one of the leading tech giants, Siemens.

It no longer news that blockchain technology has a lot of potentials, as it is being harnessed across several industries to boost and modernize operations. Today, the Munich-headquartered German multinational conglomerate company, Siemens, is set to launch a blockchain electricity trading platform in a municipality in Germany. This would make the first time blockchain is harnessed to modify the energy market in the country.

German’s first blockchain electricity trading platform

Dubbed Pebbles, the blockchain electricity trading platform – which is currently in the demo phase – is being developed under an initiative between Siemens, Allgäuer Überlandwerk (AÜM), the biggest regional supplier of electric energy, and other entities. Basically, the blockchain platform is being developed to streamline the operations of the local energy market as well as electricity trading in Wildpoldsried, a region in the Bavarian Allgäu.

According to the report on Monday, the blockchain electricity trading platform allows private energy producers to interact with local buyers through a mobile application. In this approach, the producers can be able to directly market their electricity without any need for intermediaries or undergoing the traditional grid operators. In addition to managing the transactions on the platform, blockchain technology will be essential to maintain trust and transparency between the buyers and energy sellers.

RelatedPosts

Sushiswap contract launches on 5 different networks

Binance Smart Chain unique addresses hit 47.3M ATH

SBI adopts JPMorgan’s Blockchain network for cross-border payments

The U.S. government needs to focus on the digital dollar and blockchain – BRI report

While commenting on the development, one of the officials at Siemens Smart Infrastructure, Sabine Erlinghagen, said:

“This makes a vital contribution to the government’s energy and digital policy goals as well as to the energy transition in the Allgäu region.”

Blockchain era

The blockchain electricity trading platform Pebbles also gained financial backing from the German Federal Ministry for Economic Affairs and Energy. With the aim of helping energy producers avoid the bottlenecks in the grid through flexible and enhanced trading, the Pebbles project is expected to also result in a reduced cost for transferring energy. 

In June, Japan’s TEPCO Holdings announced a similar plan to launch a blockchain-based electricity trading system for Japanese.

Tags: blockchain and AI
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Sushiswap contract
Blockchain News

Sushiswap contract launches on 5 different networks

March 8, 2021
Binance Smart Chain
News

Binance Smart Chain unique addresses hit 47.3M ATH

March 2, 2021
SBI adopts JPMorgan’s Blockchain network for cross-border payments
Blockchain News

SBI adopts JPMorgan’s Blockchain network for cross-border payments

February 23, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

Bitcoin reclaims $1 trillion market cap as price surpasses $50,000

March 9, 2021
Ripple price analysis XRPUSD grinds towards $0.50 resistance

Ripple price analysis: XRP/USD grinds towards $0.50 resistance

March 9, 2021
Bitcoin price analysis Breakout to fresh highs imminent as BTCUSD crosses $51K

Bitcoin price analysis: Breakout to fresh highs imminent as BTC/USD crosses $51K

March 8, 2021
Polkadot price

Polkadot price prediction: DOT to fall to $28

March 8, 2021
XRP

XRP will exist forever – Brad Garlinghouse

March 8, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.