German tech giant Siemens is in our digital currency news today after joining a blockchain-driven platform that works in the energy sector, so they can promote the use of decentralized technologies, according to their press release.
Siemens’ Energy Management and Power Generation Services departments partnered with the Energy Web Foundation which is a scalable blockchain platform to come up with operational and regulatory solutions for the energy sector.
The company strongly believes that blockchain technology will help link the consumers with the energy products and the network operators. Also, blockchain will help improve the efficiency of the energy systems.
According to the statement, Siemens is already using blockchain technology for optimizing control over energy consumption. Back in 2016, they collaborated with a US startup so they could develop microgrids that will enable local trading. The project was trialed in Brooklyn and the excess electricity was returned back into the local grid so the experiment turned out to be a success.
Also, Siemens Financial Services were a part of the blockchain pilot for bank guarantees launched by UK financial services company.
Blockchain technology is tested actively every day by plenty of energy industry companies in many countries around the world. As an example, we can take a look at the Singaporean SP Group company which provides gas transmission and electricity throughout the country. Another example is South Korea where they have the largest power provider KEPCO that uses blockchain technology and other creative and innovative solutions to improve the energy sector.
Telecom Giant AT&T Interested In A Blockchain-Based Social Media ‘Mapping’ System
“The social media history map platforms described herein may take advantage of the immutable and permanent nature of blockchain records to store, and provide access to, data representing online transactions that occur on multiple social media applications.”According to the filing, content creators would keep the ownership of their data on the "mapping" platform:
“However, instead of passing ownership of blocks or data between users, a social media account owner maintains primary ownership of his or her online transaction data. What passes from the social media account owner to other users of the social media history map service, such as followers of the social media account owner, is a notion of elevated visibility rights.”This is just one more patent application in the series that were submitted by companies such as Xerox, American Express, IBM and others - and a new milestone for AT&T overlooking its expansion in the field of blockchain.
Binance Labs Introduces Us To The ‘First Batch’ Of (Final) Blockchain Projects
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
LinkedIn’s Largest Growing Job Sector Is Blockchain Development
“It’s no surprise that we’re seeing an explosion of machine learning roles and continuing growth of data science roles. In fact, we started to see glimmers of this in last year’s report; however, both fields are starting to see more specialized roles emerge. It also may not shock you that Blockchain Developer is topping the list following this year’s surge in interest around blockchain and cryptocurrency.”The great news for all of the people interested in a career in this sector is that there are plenty of universities now that adopt blockchain-related courses which help to boost the blockchain expertise in the following years.
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