#electricchain

[growanet]

What Is An Electric Chain Hoist Used For?

Electric chain hoist is a new type of lifting equipment which can be used for lifting and moving heavy materials. Electric chain hoist can lift up to 10 tons capacity with low noise, vibration, and high efficiency. Electric chain hoist is used in construction, mining, oil and gas, chemical industry, automobile industry etc.

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https://www.growa.net/electric-chain-hoists

[venuscrane]

Electric Chain Hoist - Lifting Hoist Latest Price

You may have already heard about electric chain hoists. These devices are able to lift chains and are very easy to use. Electric chain hoists can be bought from various manufacturers. It is a good idea to look for a reliable manufacturer to make sure that your purchase is quality. The manufacturers that provide electric chain hoists can help you make a decision and meet your specific requirements.

Performance

Electric chain hoist offers exceptional performance and ease of use. Its features include silent operation, environmentally-friendly design, and easy access to components. In addition, it has enhanced safety features including finger-safe wiring and helical gearing. Plus, it comes with a lifetime warranty.

This chain hoist is available in single and two speed versions. Its compact design and enclosed construction make it an excellent choice for low headroom applications. It also features a Lodestar Protector, a friction clutch assembly that automatically stops the hoist if it is overloaded. It is made in the USA and is available in several configurations.

Thermal Overload Protection

There are many leading electric chain hoist manufacturer in the industry, thanks to its rugged and sleek design. It also features an integrated slip clutch and thermal overload protection. These hoists are suitable for industrial and commercial settings. These electric hoists are equipped with a 1.8-metre cable, push button switch box and 24VDC control voltage.

Its ergonomic controls are designed to improve throughput and employee comfort. They are integrated into the bottom hook block, so the operator can operate the hoist as if he or she had two hands. The LK is also HMI-CertifiedSM, a program that ensures that the hoist meets recognized industry standards. The hoist is verified by a US registered professional engineer to ensure the highest quality and safety. This certified hoist comes with easy-access chain guide and sprocket, which makes maintenance simple.

Wire Rope

 These products can be found in single, two, and three-phase versions. Single-phase models are best for small machine shops and mechanics, while three-phase models are ideal for larger industrial operations handling heavy loads every day. Product availability is updated daily.

You can also find wire rope and electric chain hoists. These hoists are great for jobs that require multiple lifting points and heavy lifting. These hoists are available in a variety of sizes and styles to meet your lifting needs.

Lifting Speed

With the C Series electric chain hoist, is bringing the latest technology to the lifting industry. The machine is equipped with an advanced safety and performance feature, such as a built-in brake that can withstand over a million operations. This model is perfect for any type of manufacturing environment.

The electric chain hoist is ideal for stand-alone workstations, offering a variety of lifting speeds and load capacities. This machine has a low profile, compact headroom, hook suspension, and adjustable speed and duty factor. The CLX-16 can be mounted on overhead cranes or workstation cranes.

Ease of Maintenance

This type of hoist is known for its reliability and is built to last for years. Its drive train components include a motor brake, hoist motor, and gearbox. Its gearbox is permanently lubricated for ease of maintenance. Its chain guide and sprocket are also easy to access, allowing you to easily maintain and adjust its settings.

This electric chain hoist is designed for commercial and industrial applications. It features an aluminum pressure case body to protect the internal electrical parts. It also has rocker-style electrical limits and plug and play connection. Cable gland entries have been tested to hold up to 400 pounds, and its hoisting gearbox meets AGMA 10 standard for safety and durability.

Robust and Durable Design

 Its robust and durable design is an ideal solution for heavy duty and long lifts. It comes in single-speed and two-speed models and is enclosed for low headroom requirements. It also comes with a Lodestar Protector(r), a safety mechanism that automatically stops the hoist when overloading occurs. The company also makes these hoists in the USA, so you can feel good about buying them.

The Lodestar Electric Chain Hoist is the industry standard in overhead lifting. It can be used as a standalone hoist or as a cornerstone of a larger lifting system. It is used in heavy industries around the world and features a quiet operation, a precision machined lift-wheel and a hardened chain guide.

[hoistcentral]

Electric Chain Hoists - Hoist Central

Hoist central offers high-efficiency electric chain hoists that features quiet operation, rugged design, and easy to service layout. Our stocked electric chain hoist variants come with same-day shipment. Choose from a variety of alternatives to match your requirements. We at Hoist Central prioritizes client satisfaction.

[teriyakinintendo]

Robin is a fiercely defensive prince, always ready to fight for what he believes in. #alexha #digitalart #digitaldrawing #oc #originalcharacter #artistsoninstagram #monochromechildren #robin #prince #characterintroduction #chain #electricchain #electricity #elfears #bandages https://www.instagram.com/p/B8AHY5jJer4/?igshid=1fs720j93izcd

[growa]

Growa is the world No.1 hoist manufacturer, especially in hoists and cranes. Growa has manufactured a wide variety of electric chain hoists, wire rope hoists, and crane-related products. For more inquiry email us:-  growa@singnet.com.sg

[bowsetter]

Bitcoin in Brief Friday: UN Backs Crypto-Solar Project in Moldova, Malta Uses Blockchain in Public Transportation

Today’s Bitcoin in Brief features several examples of harnessing crypto and blockchain technologies to improve quality of life around the world. The United Nations is involved in a crypto-funded project to power Moldova’s Technical University with solar energy. Initiatives in Malta and India will employ blockchain technologies to create more reliable public transportation and land registry systems.

Also read: Bitcoin in Brief Thursday: OECD Explores Cryptocurrencies, Central Asian Powerhouse Calls for UN Crypto Rules

UN Launches Crypto-Funded Solar Power Project in Moldova

The United Nations Development Program (UNDP) is launching this year a crypto-funded initiative to power a university in Moldova with solar energy. The project, to be realized in partnership with the South African solar power marketplace Sun Exchange, will allow people to buy solar cells and then lease them to the Technical University in Chisinau, which is one of the largest in the country.

According to a VOA report, the purchases will be made using Solarcoin, a crypto launched by the blockchain startup Electricchain. The idea is to find new sources of finance “to help buildings go green overnight, in this case with rooftop solar panels,” said Dumitru Vasilescu, program manager with UNDP in Moldova. “One of the biggest obstacles to countries investing in renewable energy is the lack of financing, as you often have to wait 10 to 15 years before you get a return on your investment,” he told the Thomson Reuters Foundation.

Vasilescu added that the university will get a full 1 megawatt of energy installed in the summer as a result of the crowdfunding effort. The owners of the solar cells will in turn receive Solarcoins, as soon as the university produces energy, and will be able to earn about 4% interest on their investments. According to the UNDP representative, there is more than 10,000 square meters of unused rooftop space on public buildings in the country, which could potentially be covered with solar panels.

Moldova, one of Europe’s poorest countries, is heavily dependent on energy imports, mainly from the Russian Federation. Cryptocurrencies have been gaining popularity in the former Soviet republic which is economically and politically on a crossroad between East and West. The local crypto community has recently opened the country’s first cryptocurrency exchange and presented a new digital token, both developed locally.

Malta Uses Blockchain for Better Public Transportation

Authorities in Malta, a country maintaining a crypto-friendly regulatory environment, are working on a project to use blockchain to improve the public transportation services. Maltese Minister for Transport and Infrastructure, Ian Borg, has announced a partnership with Omnitude, a multi-enterprise blockchain platform. According to a press release, the deal is part of the nation’s blockchain strategy that will see the technology implemented to develop a transport and logistics platform using Omnitude’s blockchain middleware technology.

On the first stage, the government will work with the company to introduce overall improvements in transport reliability. Omnitude is a tech partner of Formula 1 team Williams Martini Racing and is working to assess the benefits that blockchain can bring to advanced engineering. Their project is said to be the first example of using blockchain in F1.

“We believe in Omnitude’s blockchain technology and its broad use-cases for the government […] It will improve the quality of life and enhance access to information for Maltese citizens. Blockchain technology is a key part of our overall technology strategy that will transform different sectors,” Ian Borg said. Earlier this year, Malta became one of the first countries in the world to approve a national strategy on blockchain technology.

Land Registry in India Made Reliable with Blockchain

The potential of the technology underpinning the majority of cryptocurrencies is not left unnoticed in other parts of the world. In India, blockchain will be used to trace transactions in property sales almost in real time. A newly announced project aims to build a land registry using blockchain technology for the Indian city of Panchkula, according to a blog post on the website of the London School of Economics.

The people behind the initiative – Alexandru Oprunenco, innovation advisor for the UNDP in Asia, and Chami Akmeemana, CEO of the Blockchain Learning Group – say their small venture is actually a “big deal” that represents a “meaningful and commercially viable solution” for the region. They point out that in many cities across the developing world land registry systems suffer from inefficiency and corruption. People selling a piece of land are often unsure if they legally own it, even if they have a legitimate sale deed. Potential buyers, on the other hand, are also not sure if the seller owns the plot.

“With blockchain we have a chance to fix many of these problems. The solution we are building incorporates many key benefits of the technology, such as an immutable history of transactions, so that no one doubts the authenticity of the records or be able to forge them,” Oprunenco and Akmeemana explain. Their project is using the Ethereum blockchain.

The Central Bank of Libya Says Bitcoin Is Illegal

Obviously failing to recognize the potential of cryptocurrencies like Bitcoin and the underlying blockchain technologies, the central bank of Libya has declared “virtual currency” illegal in the country. Those who use it cannot be protected by Libyan law, the financial institution said, quoted by The Libya Observer.

On Tuesday, the CBL warned all Libyan citizens and businesses of the “security perils” of cryptocurrency, saying that it could be used in crimes, financing terrorism and money laundering – arguments often heard from financial regulators and central banks around the world. According to the notice, any use of virtual currency requires prior permission from the central bank in Tripoli.

What are your thoughts on today’s topics in Bitcoin in Brief? Let us know in the comments section below.

Images courtesy of Shutterstock.

Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.

The post Bitcoin in Brief Friday: UN Backs Crypto-Solar Project in Moldova, Malta Uses Blockchain in Public Transportation appeared first on Bitcoin News.

READ MORE http://bit.ly/2wStVnn

[jacobhinkley]

Bitcoin in Brief Friday: UN Backs Crypto-Solar Project in Moldova, Malta Uses Blockchain in Public Transportation

Today’s Bitcoin in Brief features several examples of harnessing crypto and blockchain technologies to improve quality of life around the world. The United Nations is involved in a crypto-funded project to power Moldova’s Technical University with solar energy. Initiatives in Malta and India will employ blockchain technologies to create more reliable public transportation and land registry systems.

Also read: Bitcoin in Brief Thursday: OECD Explores Cryptocurrencies, Central Asian Powerhouse Calls for UN Crypto Rules

UN Launches Crypto-Funded Solar Power Project in Moldova

The United Nations Development Program (UNDP) is launching this year a crypto-funded initiative to power a university in Moldova with solar energy. The project, to be realized in partnership with the South African solar power marketplace Sun Exchange, will allow people to buy solar cells and then lease them to the Technical University in Chisinau, which is one of the largest in the country.

According to a VOA report, the purchases will be made using Solarcoin, a crypto launched by the blockchain startup Electricchain. The idea is to find new sources of finance “to help buildings go green overnight, in this case with rooftop solar panels,” said Dumitru Vasilescu, program manager with UNDP in Moldova. “One of the biggest obstacles to countries investing in renewable energy is the lack of financing, as you often have to wait 10 to 15 years before you get a return on your investment,” he told the Thomson Reuters Foundation.

Vasilescu added that the university will get a full 1 megawatt of energy installed in the summer as a result of the crowdfunding effort. The owners of the solar cells will in turn receive Solarcoins, as soon as the university produces energy, and will be able to earn about 4% interest on their investments. According to the UNDP representative, there is more than 10,000 square meters of unused rooftop space on public buildings in the country, which could potentially be covered with solar panels.

Moldova, one of Europe’s poorest countries, is heavily dependent on energy imports, mainly from the Russian Federation. Cryptocurrencies have been gaining popularity in the former Soviet republic which is economically and politically on a crossroad between East and West. The local crypto community has recently opened the country’s first cryptocurrency exchange and presented a new digital token, both developed locally.

Malta Uses Blockchain for Better Public Transportation

Authorities in Malta, a country maintaining a crypto-friendly regulatory environment, are working on a project to use blockchain to improve the public transportation services. Maltese Minister for Transport and Infrastructure, Ian Borg, has announced a partnership with Omnitude, a multi-enterprise blockchain platform. According to a press release, the deal is part of the nation’s blockchain strategy that will see the technology implemented to develop a transport and logistics platform using Omnitude’s blockchain middleware technology.

On the first stage, the government will work with the company to introduce overall improvements in transport reliability. Omnitude is a tech partner of Formula 1 team Williams Martini Racing and is working to assess the benefits that blockchain can bring to advanced engineering. Their project is said to be the first example of using blockchain in F1.

“We believe in Omnitude’s blockchain technology and its broad use-cases for the government […] It will improve the quality of life and enhance access to information for Maltese citizens. Blockchain technology is a key part of our overall technology strategy that will transform different sectors,” Ian Borg said. Earlier this year, Malta became one of the first countries in the world to approve a national strategy on blockchain technology.

Land Registry in India Made Reliable with Blockchain

The potential of the technology underpinning the majority of cryptocurrencies is not left unnoticed in other parts of the world. In India, blockchain will be used to trace transactions in property sales almost in real time. A newly announced project aims to build a land registry using blockchain technology for the Indian city of Panchkula, according to a blog post on the website of the London School of Economics.

The people behind the initiative – Alexandru Oprunenco, innovation advisor for the UNDP in Asia, and Chami Akmeemana, CEO of the Blockchain Learning Group – say their small venture is actually a “big deal” that represents a “meaningful and commercially viable solution” for the region. They point out that in many cities across the developing world land registry systems suffer from inefficiency and corruption. People selling a piece of land are often unsure if they legally own it, even if they have a legitimate sale deed. Potential buyers, on the other hand, are also not sure if the seller owns the plot.

“With blockchain we have a chance to fix many of these problems. The solution we are building incorporates many key benefits of the technology, such as an immutable history of transactions, so that no one doubts the authenticity of the records or be able to forge them,” Oprunenco and Akmeemana explain. Their project is using the Ethereum blockchain.

The Central Bank of Libya Says Bitcoin Is Illegal

Obviously failing to recognize the potential of cryptocurrencies like Bitcoin and the underlying blockchain technologies, the central bank of Libya has declared “virtual currency” illegal in the country. Those who use it cannot be protected by Libyan law, the financial institution said, quoted by The Libya Observer.

On Tuesday, the CBL warned all Libyan citizens and businesses of the “security perils” of cryptocurrency, saying that it could be used in crimes, financing terrorism and money laundering – arguments often heard from financial regulators and central banks around the world. According to the notice, any use of virtual currency requires prior permission from the central bank in Tripoli.

What are your thoughts on today’s topics in Bitcoin in Brief? Let us know in the comments section below.

Images courtesy of Shutterstock.

Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.

The post Bitcoin in Brief Friday: UN Backs Crypto-Solar Project in Moldova, Malta Uses Blockchain in Public Transportation appeared first on Bitcoin News.

Bitcoin in Brief Friday: UN Backs Crypto-Solar Project in Moldova, Malta Uses Blockchain in Public Transportation published first on https://medium.com/@smartoptions

[teiraymondmccoy78]

Top Energy Blockchain Companies To Look Out For This Year

Top Energy Blockchain Companies To Look Out For This Year

Which energy Blockchain firms should you watch out for this year? After 2018 saw new energy Blockchain concepts pop up nearly week in week out, there should be quite a number of ventures to pick from. However, for the purpose of compiling this content we have narrowed down the list of potential Blockchain energy companies to watch out for this year to three. These are the energy Blockchain companies we believe will be worth watching in 2019:

Energy Web Foundation

Electron

Power Ledger

Energy Web Foundation

While the majority of the Blockchain ventures out there are looking to create applications on a distributed ledger technology, the Energy Web Foundation (EWF) has decided to focus on the ledger technology itself. Having recognized the current standard set for energy Blockchains today, EWF is working on a platform specifically designed to suit the needs of the industry. According to Peter Davies the CEO and founder of energy Blockchain company Verv: “The Energy Web Foundation is promising due to the large number of firms, including traditional corporations, that are already a part of the network or have started planning to join it.” Davis insisted that EWF is looking into the possibility of creating multiple open-source, scalable Blockchain forums specifically designed to suit the needs of the energy sector in terms of regulatory, operational and marketing requirements.

In October 2018 the Energy Web Foundation revealed that it was creating a Blockchain of Blockchains to allow consumers sell energy they generate at home in global markets.

Electron

Electron is a London-based trading platform that looks “good and going forward,” according to the co-founder of ElectriCChain, François Sonnet, co-founder. ElectriCChain is a Blockchain developer affiliated with SolarCoin a renewable energy cryptocurrency. There are a number of reasons why Electron is regarded as a company to watch this year. The company is one of only a few startups in the Blockchain space to have a female co-founder Joanna Hubbard.

More significant is the fact that the company through an initial coin offering to facilitate partnerships and investments from the major energy industry leaders, with Tokyo Electric Power Company investing an early stake in January 2018.

In an industry hit with scams and hype, the down-to-earth approach implemented by Electron has helped the company’s reputation to grow as a solid player with a reasonable roadmap. Its move to build an energy eBay is surely going to get the attention of many this year.

Power Ledger

Power Ledger emerging as one of our picks shouldn’t be a surprise. Last year was a busy time for the energy Blockchain company after the Australian energy trading platform launched a number of initiatives in territories like Thailand and Japan.

Bitcoin (BTC) Price Today – BTC / USD

The problem the company may encounter this year, along with other energy Blockchain trading platforms, is that the Blockchain technology isn’t yet equipped enough handel large sums of low-value transactions. No wonder the co-founder and CFO of FlexiDAO had this to say: “Blockchain Technology isn’t yet a mature technology. Instead of remaining focused on the futuristic use cases like the peer-to-peer trading, this is the time to pay attention to doing basic things accurately including regulatory compliance, user friendly experience and future-proof technology scalability.”

Related

Source link http://bit.ly/2F7hI1y

[courtneyvbrooks87]

Top Energy Blockchain Companies To Look Out For This Year

Top Energy Blockchain Companies To Look Out For This Year

Which energy Blockchain firms should you watch out for this year? After 2018 saw new energy Blockchain concepts pop up nearly week in week out, there should be quite a number of ventures to pick from. However, for the purpose of compiling this content we have narrowed down the list of potential Blockchain energy companies to watch out for this year to three. These are the energy Blockchain companies we believe will be worth watching in 2019:

Energy Web Foundation

Electron

Power Ledger

Energy Web Foundation

While the majority of the Blockchain ventures out there are looking to create applications on a distributed ledger technology, the Energy Web Foundation (EWF) has decided to focus on the ledger technology itself. Having recognized the current standard set for energy Blockchains today, EWF is working on a platform specifically designed to suit the needs of the industry. According to Peter Davies the CEO and founder of energy Blockchain company Verv: “The Energy Web Foundation is promising due to the large number of firms, including traditional corporations, that are already a part of the network or have started planning to join it.” Davis insisted that EWF is looking into the possibility of creating multiple open-source, scalable Blockchain forums specifically designed to suit the needs of the energy sector in terms of regulatory, operational and marketing requirements.

In October 2018 the Energy Web Foundation revealed that it was creating a Blockchain of Blockchains to allow consumers sell energy they generate at home in global markets.

Electron

Electron is a London-based trading platform that looks “good and going forward,” according to the co-founder of ElectriCChain, François Sonnet, co-founder. ElectriCChain is a Blockchain developer affiliated with SolarCoin a renewable energy cryptocurrency. There are a number of reasons why Electron is regarded as a company to watch this year. The company is one of only a few startups in the Blockchain space to have a female co-founder Joanna Hubbard.

More significant is the fact that the company through an initial coin offering to facilitate partnerships and investments from the major energy industry leaders, with Tokyo Electric Power Company investing an early stake in January 2018.

In an industry hit with scams and hype, the down-to-earth approach implemented by Electron has helped the company’s reputation to grow as a solid player with a reasonable roadmap. Its move to build an energy eBay is surely going to get the attention of many this year.

Power Ledger

Power Ledger emerging as one of our picks shouldn’t be a surprise. Last year was a busy time for the energy Blockchain company after the Australian energy trading platform launched a number of initiatives in territories like Thailand and Japan.

Bitcoin (BTC) Price Today – BTC / USD

The problem the company may encounter this year, along with other energy Blockchain trading platforms, is that the Blockchain technology isn’t yet equipped enough handel large sums of low-value transactions. No wonder the co-founder and CFO of FlexiDAO had this to say: “Blockchain Technology isn’t yet a mature technology. Instead of remaining focused on the futuristic use cases like the peer-to-peer trading, this is the time to pay attention to doing basic things accurately including regulatory compliance, user friendly experience and future-proof technology scalability.”

Related

Source link http://bit.ly/2F7hI1y

[bobbynolanios88]

Top Energy Blockchain Companies To Look Out For This Year

Top Energy Blockchain Companies To Look Out For This Year

Which energy Blockchain firms should you watch out for this year? After 2018 saw new energy Blockchain concepts pop up nearly week in week out, there should be quite a number of ventures to pick from. However, for the purpose of compiling this content we have narrowed down the list of potential Blockchain energy companies to watch out for this year to three. These are the energy Blockchain companies we believe will be worth watching in 2019:

Energy Web Foundation

Electron

Power Ledger

Energy Web Foundation

While the majority of the Blockchain ventures out there are looking to create applications on a distributed ledger technology, the Energy Web Foundation (EWF) has decided to focus on the ledger technology itself. Having recognized the current standard set for energy Blockchains today, EWF is working on a platform specifically designed to suit the needs of the industry. According to Peter Davies the CEO and founder of energy Blockchain company Verv: “The Energy Web Foundation is promising due to the large number of firms, including traditional corporations, that are already a part of the network or have started planning to join it.” Davis insisted that EWF is looking into the possibility of creating multiple open-source, scalable Blockchain forums specifically designed to suit the needs of the energy sector in terms of regulatory, operational and marketing requirements.

In October 2018 the Energy Web Foundation revealed that it was creating a Blockchain of Blockchains to allow consumers sell energy they generate at home in global markets.

Electron

Electron is a London-based trading platform that looks “good and going forward,” according to the co-founder of ElectriCChain, François Sonnet, co-founder. ElectriCChain is a Blockchain developer affiliated with SolarCoin a renewable energy cryptocurrency. There are a number of reasons why Electron is regarded as a company to watch this year. The company is one of only a few startups in the Blockchain space to have a female co-founder Joanna Hubbard.

More significant is the fact that the company through an initial coin offering to facilitate partnerships and investments from the major energy industry leaders, with Tokyo Electric Power Company investing an early stake in January 2018.

In an industry hit with scams and hype, the down-to-earth approach implemented by Electron has helped the company’s reputation to grow as a solid player with a reasonable roadmap. Its move to build an energy eBay is surely going to get the attention of many this year.

Power Ledger

Power Ledger emerging as one of our picks shouldn’t be a surprise. Last year was a busy time for the energy Blockchain company after the Australian energy trading platform launched a number of initiatives in territories like Thailand and Japan.

Bitcoin (BTC) Price Today – BTC / USD

The problem the company may encounter this year, along with other energy Blockchain trading platforms, is that the Blockchain technology isn’t yet equipped enough handel large sums of low-value transactions. No wonder the co-founder and CFO of FlexiDAO had this to say: “Blockchain Technology isn’t yet a mature technology. Instead of remaining focused on the futuristic use cases like the peer-to-peer trading, this is the time to pay attention to doing basic things accurately including regulatory compliance, user friendly experience and future-proof technology scalability.”

Related

Source link http://bit.ly/2F7hI1y

[mccartneynathxzw83]

Top Energy Blockchain Companies To Look Out For This Year

Top Energy Blockchain Companies To Look Out For This Year

Which energy Blockchain firms should you watch out for this year? After 2018 saw new energy Blockchain concepts pop up nearly week in week out, there should be quite a number of ventures to pick from. However, for the purpose of compiling this content we have narrowed down the list of potential Blockchain energy companies to watch out for this year to three. These are the energy Blockchain companies we believe will be worth watching in 2019:

Energy Web Foundation

Electron

Power Ledger

Energy Web Foundation

While the majority of the Blockchain ventures out there are looking to create applications on a distributed ledger technology, the Energy Web Foundation (EWF) has decided to focus on the ledger technology itself. Having recognized the current standard set for energy Blockchains today, EWF is working on a platform specifically designed to suit the needs of the industry. According to Peter Davies the CEO and founder of energy Blockchain company Verv: “The Energy Web Foundation is promising due to the large number of firms, including traditional corporations, that are already a part of the network or have started planning to join it.” Davis insisted that EWF is looking into the possibility of creating multiple open-source, scalable Blockchain forums specifically designed to suit the needs of the energy sector in terms of regulatory, operational and marketing requirements.

In October 2018 the Energy Web Foundation revealed that it was creating a Blockchain of Blockchains to allow consumers sell energy they generate at home in global markets.

Electron

Electron is a London-based trading platform that looks “good and going forward,” according to the co-founder of ElectriCChain, François Sonnet, co-founder. ElectriCChain is a Blockchain developer affiliated with SolarCoin a renewable energy cryptocurrency. There are a number of reasons why Electron is regarded as a company to watch this year. The company is one of only a few startups in the Blockchain space to have a female co-founder Joanna Hubbard.

More significant is the fact that the company through an initial coin offering to facilitate partnerships and investments from the major energy industry leaders, with Tokyo Electric Power Company investing an early stake in January 2018.

In an industry hit with scams and hype, the down-to-earth approach implemented by Electron has helped the company’s reputation to grow as a solid player with a reasonable roadmap. Its move to build an energy eBay is surely going to get the attention of many this year.

Power Ledger

Power Ledger emerging as one of our picks shouldn’t be a surprise. Last year was a busy time for the energy Blockchain company after the Australian energy trading platform launched a number of initiatives in territories like Thailand and Japan.

Bitcoin (BTC) Price Today – BTC / USD

The problem the company may encounter this year, along with other energy Blockchain trading platforms, is that the Blockchain technology isn’t yet equipped enough handel large sums of low-value transactions. No wonder the co-founder and CFO of FlexiDAO had this to say: “Blockchain Technology isn’t yet a mature technology. Instead of remaining focused on the futuristic use cases like the peer-to-peer trading, this is the time to pay attention to doing basic things accurately including regulatory compliance, user friendly experience and future-proof technology scalability.”

Related

Source link http://bit.ly/2F7hI1y

[adrianjenkins952wblr]

Top Energy Blockchain Companies To Look Out For This Year

Top Energy Blockchain Companies To Look Out For This Year

Which energy Blockchain firms should you watch out for this year? After 2018 saw new energy Blockchain concepts pop up nearly week in week out, there should be quite a number of ventures to pick from. However, for the purpose of compiling this content we have narrowed down the list of potential Blockchain energy companies to watch out for this year to three. These are the energy Blockchain companies we believe will be worth watching in 2019:

Energy Web Foundation

Electron

Power Ledger

Energy Web Foundation

While the majority of the Blockchain ventures out there are looking to create applications on a distributed ledger technology, the Energy Web Foundation (EWF) has decided to focus on the ledger technology itself. Having recognized the current standard set for energy Blockchains today, EWF is working on a platform specifically designed to suit the needs of the industry. According to Peter Davies the CEO and founder of energy Blockchain company Verv: “The Energy Web Foundation is promising due to the large number of firms, including traditional corporations, that are already a part of the network or have started planning to join it.” Davis insisted that EWF is looking into the possibility of creating multiple open-source, scalable Blockchain forums specifically designed to suit the needs of the energy sector in terms of regulatory, operational and marketing requirements.

In October 2018 the Energy Web Foundation revealed that it was creating a Blockchain of Blockchains to allow consumers sell energy they generate at home in global markets.

Electron

Electron is a London-based trading platform that looks “good and going forward,” according to the co-founder of ElectriCChain, François Sonnet, co-founder. ElectriCChain is a Blockchain developer affiliated with SolarCoin a renewable energy cryptocurrency. There are a number of reasons why Electron is regarded as a company to watch this year. The company is one of only a few startups in the Blockchain space to have a female co-founder Joanna Hubbard.

More significant is the fact that the company through an initial coin offering to facilitate partnerships and investments from the major energy industry leaders, with Tokyo Electric Power Company investing an early stake in January 2018.

In an industry hit with scams and hype, the down-to-earth approach implemented by Electron has helped the company’s reputation to grow as a solid player with a reasonable roadmap. Its move to build an energy eBay is surely going to get the attention of many this year.

Power Ledger

Power Ledger emerging as one of our picks shouldn’t be a surprise. Last year was a busy time for the energy Blockchain company after the Australian energy trading platform launched a number of initiatives in territories like Thailand and Japan.

Bitcoin (BTC) Price Today – BTC / USD

The problem the company may encounter this year, along with other energy Blockchain trading platforms, is that the Blockchain technology isn’t yet equipped enough handel large sums of low-value transactions. No wonder the co-founder and CFO of FlexiDAO had this to say: “Blockchain Technology isn’t yet a mature technology. Instead of remaining focused on the futuristic use cases like the peer-to-peer trading, this is the time to pay attention to doing basic things accurately including regulatory compliance, user friendly experience and future-proof technology scalability.”

Related

Source link http://bit.ly/2F7hI1y

[vanessawestwcrtr5]

Top Energy Blockchain Companies To Look Out For This Year

Top Energy Blockchain Companies To Look Out For This Year

Which energy Blockchain firms should you watch out for this year? After 2018 saw new energy Blockchain concepts pop up nearly week in week out, there should be quite a number of ventures to pick from. However, for the purpose of compiling this content we have narrowed down the list of potential Blockchain energy companies to watch out for this year to three. These are the energy Blockchain companies we believe will be worth watching in 2019:

Energy Web Foundation

Electron

Power Ledger

Energy Web Foundation

While the majority of the Blockchain ventures out there are looking to create applications on a distributed ledger technology, the Energy Web Foundation (EWF) has decided to focus on the ledger technology itself. Having recognized the current standard set for energy Blockchains today, EWF is working on a platform specifically designed to suit the needs of the industry. According to Peter Davies the CEO and founder of energy Blockchain company Verv: “The Energy Web Foundation is promising due to the large number of firms, including traditional corporations, that are already a part of the network or have started planning to join it.” Davis insisted that EWF is looking into the possibility of creating multiple open-source, scalable Blockchain forums specifically designed to suit the needs of the energy sector in terms of regulatory, operational and marketing requirements.

In October 2018 the Energy Web Foundation revealed that it was creating a Blockchain of Blockchains to allow consumers sell energy they generate at home in global markets.

Electron

Electron is a London-based trading platform that looks “good and going forward,” according to the co-founder of ElectriCChain, François Sonnet, co-founder. ElectriCChain is a Blockchain developer affiliated with SolarCoin a renewable energy cryptocurrency. There are a number of reasons why Electron is regarded as a company to watch this year. The company is one of only a few startups in the Blockchain space to have a female co-founder Joanna Hubbard.

More significant is the fact that the company through an initial coin offering to facilitate partnerships and investments from the major energy industry leaders, with Tokyo Electric Power Company investing an early stake in January 2018.

In an industry hit with scams and hype, the down-to-earth approach implemented by Electron has helped the company’s reputation to grow as a solid player with a reasonable roadmap. Its move to build an energy eBay is surely going to get the attention of many this year.

Power Ledger

Power Ledger emerging as one of our picks shouldn’t be a surprise. Last year was a busy time for the energy Blockchain company after the Australian energy trading platform launched a number of initiatives in territories like Thailand and Japan.

Bitcoin (BTC) Price Today – BTC / USD

The problem the company may encounter this year, along with other energy Blockchain trading platforms, is that the Blockchain technology isn’t yet equipped enough handel large sums of low-value transactions. No wonder the co-founder and CFO of FlexiDAO had this to say: “Blockchain Technology isn’t yet a mature technology. Instead of remaining focused on the futuristic use cases like the peer-to-peer trading, this is the time to pay attention to doing basic things accurately including regulatory compliance, user friendly experience and future-proof technology scalability.”

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[cryptnus-blog]

The Startup Aiming to Wipe Out Blockchain's Carbon Footprint

New Post has been published on https://cryptnus.com/2018/07/the-startup-aiming-to-wipe-out-blockchains-carbon-footprint/

The Startup Aiming to Wipe Out Blockchain's Carbon Footprint

The United Nations is supporting a startup that aims to get rid of the carbon footprint produced by blockchains — by using a blockchain.

Singapore-based New Era Energy has developed a blockchain-based framework called Carbon Grid Protocol that is intended to help other blockchain players offset emissions. In the case of bitcoin, these are estimated to equal more than 500 kilos of carbon dioxide per transaction.

New Era Energy is planning to open up carbon credit markets by making them more transparent and accountable, while removing the need for intermediaries such as brokers or funds. 

“We are trying to enable a per-transaction offset mechanism,” said co-founder and CEO Andy Tan, an executive with financial services and tech industry experience. “That can happen if we are able to track each transaction.” 

Although the Carbon Grid Protocol could be used to offset the carbon emissions of almost any kind of business, New Era Energy is initially targeting blockchain firms because each transaction is easy to track and tends to have a relatively high footprint. 

This is the case with bitcoin, which is believed to require more than a megawatt-hour of electricity per transaction, according to the Digiconomist Bitcoin Energy Consumption Index. This gives the cryptocurrency an annual energy consumption similar to that of Chile.

But even Ethereum, which is far more carbon-friendly than Bitcoin, uses 78 kilowatts per transaction, giving it a higher annual energy consumption than Iceland.

Like bitcoin, the level of emissions associated with each Ethereum transaction depends on where the proof of work to validate transactions is being carried out. Currently, Ethereum averages about 35 kilos of carbon per transaction, Tan said.

“There is a very big inherent need” for blockchain companies to decarbonize transactions, he said. “And they are already on the blockchain so it’s easy for us to pool all this data.”

New Era Energy is hoping blockchain users, project owners and protocol operators will all be keen to offset emissions. If they do, a portion of the fees on transactions will go to pay carbon credits and cover New Era Energy’s costs, said Tan.

The Carbon Grid Protocol is the first project out of Asia to be part of the Climate Chain Coalition, a blockchain initiative supported by the United Nations Framework Convention on Climate Change, he said.

New Era Energy is looking to recruit other members of the Climate Chain Coalition to pilot the offsetting concept, Tan said. The coalition includes more than 30 members, around half of which are already using blockchains, he said.

There is an expectation that corporate social responsibility, environmental, social and governance factors will creep up the management agenda within mature blockchain companies striving for corporate credibility to attract institutional investors, the CEO noted.

A Carbon Grid Protocol pilot will be out “very soon,” he said.

The pilot will use the Ethereum blockchain, which means the Carbon Grid Protocol’s costs will have to cover New Era Energy’s own transaction offsets. In time, though, New Era Energy hopes to develop its own, low-carbon blockchain.

While New Era Energy may be unique in having caught the eye of the United Nations in Asia, Tan admitted it was far from the only blockchain company looking to build a business on carbon credits.

Another is Verdium Labs, which announced a partnership with IBM in May this year.

Climatecoin is another startup working on carbon offsets.

“In the carbon credit sector there is lots of space for such applications,” said François Sonnet, co-founder of the blockchain technology developer ElectriCChain.

[solarizenevada]

Bitcoin Mining Operations Now Use More Energy Than Ireland

New Post has been published on http://www.getsolarize.com/bitcoin-mining-operations-now-use-energy-ireland/

Bitcoin Mining Operations Now Use More Energy Than Ireland

    It’s been a big week for Bitcoin. The price of one bitcoin hit $13,000 on Wednesday, marking a 1,200 percent increase in value this year.

The price of Bitcoin isn’t the only thing rising. The energy used to “mine” the cryptocurrency is also skyrocketing — and people are getting worried.

The Bitcoin Energy Consumption Index tracker puts Bitcoin’s current estimated annual energy use at almost 32 terawatt-hours, roughly equivalent to Serbia’s yearly electricity consumption and ahead of at least 159 other countries, including Ireland and most nations in Africa.

Each Bitcoin transaction is estimated to require the same energy as 4,000 Visa card transactions, said Francois Sonnet, co-founder of the energy generation data project ElectriCChain.

And Power Compare, a U.K. utility pricing comparison site, noted that Bitcoin energy consumption had risen by almost 30 percent in the last month. Based on that rate of growth, Bitcoin electricity consumption will overtake the U.S. by July 2019 and the world by 2020.

The cryptocurrency industry is considering moves to adopt more energy-efficient business models amid concerns that the current method of mining coins could endanger the planet.

“More energy efficient algorithms, like proof-of-stake, have been in development over recent years,” said Chris Conway, managing director of accountancy firm Accounts & Legal Consultants and author of a recent report on Bitcoin energy use.

The energy consumption of proof-of-stake algorithms is “negligible” compared to the proof-of-work methodology employed today by Bitcoin and most other cryptocurrencies, Conway said.

“Bitcoin could potentially switch to such a consensus algorithm, which would significantly improve sustainability,” he claimed. “The only downside is that there are many different versions of proof-of-stake, and none of these have fully proven themselves yet.”

The critical factor in blockchain energy use is how the blocks in each distributed ledger are independently verified without the need for a central authority.

For Bitcoin and most other cryptocurrencies launched so far, authentication is through a proof-of-work protocol which requires a substantial amount of computational power.

As described by environmental researcher Sebastiaan Deetman in Motherboard, “Bitcoin transactions are validated and processed by a decentralized network of volunteers, usually hosting dedicated hardware to perform calculations, called ‘hashes.’”

These calculations are intended to find solutions to a complex mathematical algorithm. The volunteer that solves the problem gets new bitcoins and transaction fees as a reward.

“This network of so-called bitcoin ‘miners’ ensures the security of the system, but unfortunately also consumes a lot of electricity,” said Deetman.

Bitcoin’s algorithm requires that it get more and more difficult over time, as long as mining itself becomes increasingly popular.

“With an approximately 132-year discovery cycle to mine all 21 million bitcoins, mining power demand will go up exponentially,” wrote Tam Hunt in an analysis for GTM on solar-powered mining.

To make matters worse, Bitcoin is just one of a growing number of cryptocurrencies.

Ethereum, the world’s second-largest blockchain network after Bitcoin, today uses one-third the energy of Bitcoin. At around 11 terawatt-hours a year, Ethereum is similar to the electricity consumption in Zambia.

“It’s impossible to accurately say what the total consumption of the cryptocurrency mining trend is, but if Bitcoin and Ethereum combined were a country, it’d be the 55th biggest consumer of energy in the world,” said Conway.

“Put over 1,300 more cryptocurrencies on top of that and you can imagine the figures. Adopting Bitcoin as a major currency anytime in the next few decades could have a serious impact on climate change,” he said.

Aware of this impact, Bitcoin, as an organization, advises miners to optimize energy use, said Conway. Bitcoin mining concerns, meanwhile, are increasingly looking for locations with plentiful, cheap energy.

Genesis Mining, for example, has sited the world’s biggest Bitcoin mining facility in Iceland, where it can run off geothermal energy. Bitcoin mining could also run offsolar energy, although it is unclear whether any computing firms have explored this avenue.

Sonnet said a new version of Bitcoin Core, the software that runs on Bitcoin’s nodes, could require less computing power to function.

In the long run, though, it seems the only way to overcome mushrooming energy use will be for cryptocurrencies to tweak some of the fundamental features of today’s blockchain networks, particularly as a growing stable of startups seeks to apply blockchains to the energy sector.

Organizations such as SolarCoin, which aims to use the blockchain to help with the transition to carbon-free energy systems, might find it hard to reconcile their missions with the fact that their underlying technology is burning through so much energy.

Thus, for example, “SolarCoin could run through data loggers, daily, on less than 0.07 kilowatt-hours a day,” said Sonnet, making it “thousands of times more efficient than Bitcoin. There are indeed more efficient solutions.”