Siemens to Reform New York’s Energy Market with LO3 Blockchain Microgrids

[kreslik.news]

The innovation at the heart of bitcoin long ago leaped from the world of cryptocurrency to that of finance and many other businesses that need a distributed ledger system. Now we learn that German engineering giant Siemens (FWB: SIE) and the New York startup LO3 Energy are collaborating to jointly develop microgrids that enable local energy trading based on blockchain technology.

“The constant evolution at the grid edge requires advanced control, automation and data analytics technologies enabling secure, stable and reliable integration of decentralized energy systems as well as supporting the establishment of new business models. We’re convinced that our microgrid ... (read more)