The Australian government grants $ 8 million for Blockchain Energy Pilot!!!

Great Times for Power Ledger (POWR)!!!

Now it's clear some governments interested in renewable energies want to take a step forward and build systems that can help their economy and save the environment from elements that contribute to global warming, let's see what it is about.

The Australian government has announced that it will provide more than AU $ 8 million (around US $ 6 million) in subsidies for an energy project driven by blockchain.

The funds also have a donation of AU $ 2.57 million that will go directly to the project, this project will be established in the city of Fremantle. A further AU $ 5.68 million will be provided through the project partners, including the blockchain signature Power Ledger.

According to the company's blog, the pilot was created to explore how cities can use blockchain technology and data analysis to drive distributed energy and water systems. The test is being conducted with academic and technology partners, including Curtin University, Murdoch University, LandCorp, CSIRO and Cisco.

Curtin University will oversee project management and conduct research that supports the trial.

According to Prof. Greg Morrison of Curtin, he reports the following: "We will develop an intelligent measurement, battery storage and blockchain system to enable energy and water efficiency among critical scattered infrastructures that would otherwise have required a physical location. " That is to say that the supervision and control of these elements, such as energy and water, does not need an individual to control their consumption by the end user, this will be done from the headquarters of the supplier company.

Power Ledger, as published by the media, provides a transactional platform for renewable assets, as well as the ownership model for the "seal size" battery. The company wants to have control over these valuable assets and the user to pay for what they consume.

Federal grants are granted as part of the government's Smart Cities and Suburbs Program, with the support of the Australian Energy Market Operator (AEMO), Western Power and CRC to Live with Low Carbon. It is about eliminating excessive emissions of this component, which causes the greenhouse effect.

The pilot is expected to begin in two months, and will last for two years, the publication said.

In short, as governments can be glimpsed with their convening power and economic resources can help technology and innovation companies to start studies, in Universities and Technological Institutes, in order to massify the potential of Blockchain technology- Bitcoin, that solve the most priority problems such as energy and water, as scarce resources, are already taking the first steps. It waits for new announcements

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