You are here

Bitcoin tech harnessed to push power revolution

Utilities replacing old set-ups with cloud-based ledger system called blockchain

"Our hypothesis is there will be a machine-to-machine economy in which machines carry out transactions among themselves," says the head of blockchain research at RWE's innovation hub.


BITCOIN technology is starting to seep into the electricity business, shaking up the way payments are managed every time a light switch is flipped.

From New York to Vienna, researchers and utilities are adapting the cloud-based ledger system used to track bitcoins as a