Wien Energie and Bosch Develop Blockchain Tech Refrigerator

 

 

 

 

 

Austrian energy provider Wien Energie has partnered with tech company Bosch to develop a blockchain refrigerator. In an announcement on the company’s website, the innovation was described as “a building block to turn households into active participants in the electricity market and to increase consumer interest in consumption and power generation.”

The refrigerator was unveiled at the Vienna ANON Blockchain Summit this week. The test product includes the ability to control temperature, power consumption, and other settings from a mobile app. Blockchain technology is used to generate transaction confirmations for every kilowatt-hour of power the refrigerator receives, as well as the origins of that electricity:

This means that whether the energy comes from the photovoltaic system of the neighboring building or from the wind farm on the way to work, everyone decides themselves. The way from production to consumption can be viewed transparently and - thanks to Blockchain forgery-proofed control.

The release noted that the refrigerator is not yet available for sale but is instead being tested by three “pilot customers.” Wien Energy CEO Peter Gönitzer explained why the company chose blockchain technology:

"We see the blockchain technology as an opportunity for us and are already testing the possibilities in practice with pilot customers. The goal is to make the topic of energy more vulnerable and comprehensible in the future. "

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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